340 Tyndall PkwyPanama City, FL 32404

Property Details for 340 Tyndall Pkwy

Year built

1990

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

1,794 SF

Zone code

CLWY04

Property type

Retail properties

Property subtype

Other car washes

APN

06299-040-000

APU

6299040000

Description

This exceptional 59,739-square-foot industrial property, situated on 1.56 acres at 900 W Indiana St, Evansville, offers a unique blend of research and development, manufacturing, and flexible workspace. Built in 1928 and extensively renovated in 2015, the single-story building boasts 18-foot ceilings, 80 parking spaces, and one drive-in bay. Currently, 19,957 square feet is vacant, presenting an excellent opportunity for expansion. The property features a fully equipped Class A office space, including a structured observation room with one-way glass, multiple conference rooms, and a state-of-the-art training room. The building is secured with a badge swipe system, camera surveillance, and interior door lock-down capabilities. Test labs are equipped with 480-volt, 3-phase power throughout, along with bus duct (12,500-volt, 480/277). A 24-inch water supply is also available. Conveniently located near the Lloyd Expressway and First Avenue, this M-2 zoned property in Vanderburgh County offers significant potential for a variety of industrial uses. An additional 16,800-square-foot maintenance facility across the street is also available. CAD drawings are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $482,542

  6.5%

  $445,423

  7%

  $413,607

• Comparable approach

  Method

  Valuation

  Relative Method

  $321,389

  Geo Method

  $321,389

• Alternative Use

  Use

  Valuation

  Residential

  $375,731

  Hospitality

  $344,168

  Educational

  $286,344

  Medical

  $296,191

  Retail

  $445,423

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1543

Longitude

-85.5907

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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