22901 Panama City Beach PkwyPanama City Beach, FL 32413

Property Details for 22901 Panama City Beach Pkwy

Year built

1996

Construction

WOOD

Lot size

0.68 AC

Property size (Sq ft)

3,418 SF

Zone code

BC05

Property type

Healthcare properties

Property subtype

Medical offices

APN

36076-026-000

APU

36076026000

Description

This exceptional 1-story medical office building, located at 22901 Panama City Beach Parkway, Panama City Beach, FL 32413, is offered at $1,400,000. Renovated in 2018, the property boasts a fresh, seaside aesthetic. The spacious, open-concept reception and waiting area seamlessly flows into six exam rooms, providing ample space for patient care. Three private offices offer additional privacy for consultations or administrative tasks. A well-equipped triage station ensures efficient patient flow, while a large kitchen and break room combination provides a comfortable space for staff. Multiple common area desk spaces cater to various needs, complemented by a second break room and ample storage. Two half-baths and one full bath add convenience. The property features 20 surface-level parking spaces, ensuring easy access for patients and staff. Zoned C-3, this versatile property offers potential for reimagining as a private office. Its convenient location, bordering a small dune lake, provides easy access from both Bay and Walton Counties, making it an attractive investment opportunity in a thriving coastal community.

• CAP approach

  CAP return

  Valuation

  6%

  $475,870

  6.5%

  $439,265

  7%

  $407,889

• Comparable approach

  Method

  Valuation

  Relative Method

  $242,986

  Geo Method

  $242,986

• Alternative Use

  Use

  Valuation

  Residential

  $544,688

  Hospitality

  $498,931

  Educational

  $415,105

  Medical

  $429,381

  Retail

  $645,719

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.2637

Longitude

-85.972

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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