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221 E 23rd Street, Panama City, FL 32405

$1,350,000
Property Type: Commercial for Sale Square Footage: 8,468 Lot Size (sq. ft.): 27,878 Status: Sold
Current Price: $1,495,000 List Date: 5/11/2019 Last Modified: 10/04/2024

Description

This is a medical office building with four units currently has all units rented. The units consist of doctors offices and three tenants have been in their location for extended periods of time. Suites C,D,E and F are month to month. Suite B has a 42 months +- remaining on the lease. Unit A has a 3 year lease.

More Information MLS# 683535

Contract Info

List Price/SqFt: 176.55 List Date: 2019-05-11 List Price: $1,495,000 Current Price: $1,350,000 Sub-Type: Income Producing

Location

Sub Area: 0204 - Bay - Central NW Community/Resort: None Waterfront: No Elementary School: Hiland Park Middle School: Jinks High School: Bay Section: 28 Directions: From Harrison Avenue and 23rd street proceed East to the above address. There is not a sign on the property Township: 3s Range: 14w Area: 02 - Bay County - Central Street #: 221 Street Direction: E Street Name: 23rd Street Suffix: Street State: FL Zip Code: 32405 County: Bay Subdivision: St. Andrews Bay Dev. Co. Parcel ID: 12976-013-000 Legal Description: 28 3S 14W -107.12- 104B ST AND BAY DEV CO PLAT BEG 50' N & 115' E OF SW COR LOT 122 TH N 280' E 100' S 280 W 100' TO POB ORB 873 P 432 ORB 1484 P 1447

General Property Info

List Class: Commercial Site Dimensions: 280x100 Acreage: 0.64 Possession Date: immediate Construction Status: Construction Complete # of Units: 6 SqFt HVAC: 7820 SqFt Retail: 0 SqFt - Office: 6969 Frontage Ft: 100 SqFt Tot Bldg: 8468 Lot Depth: 280 Lot SqFt: 27965.5 Ceiling Height: 8 Year Built: 1980

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: This is a medical office building with four units currently has all units rented. The units consist of doctors offices and three tenants have been in their location for extended periods of time. Suites C,D,E and F are month to month. Suite B has a 42 months +- remaining on the lease. Unit A has a 3 year lease.

Status Change Info

Sold Price/SqFt: 159.42 Sold Price/Acre: 2109375 Status: Sold Under Contract Date: 2023-08-16 Sold Date: 2023-10-02 Sold Price: $1,350,000

Office

Year Built: 1980 Building SqFt: 8468 Property Type: Medical Actual Gross Income: 104400 # of Units: 6

Construction/Siding

Floor - Vinyl: 1 Roof - Metal: 1 Siding - Stucco: 1

Energy

AC - 2 or More: 1 Heat - Two or More: 1 Water Heater - Electric: 1

Financing

Cash: 1

Present Zoning

Commercial: 1

Utilities

All Utilities: 1 Public Sewer - Connected: 1 Water Connected: 1

Sale Type

As Is: 1

Business Only

Year Built: 1980 Building SqFt: 8468 Actual Gross Income: 104400

Business/Property

Freestanding Building: 1

Floors in Unit/Home

One: 1

Heating/Cooling

AC - Central: 1 AC - HVAC: 1 Heat - HVAC: 1

Transport. Access

4-Lane: 1 Center Turn Lane: 1 Divided Highway: 1 State Road: 1

Property Features

Energy: AC - 2 or More; Heat - Two or More; Water Heater - Electric Financing: Cash Present Zoning: Commercial Sale Type: As Is Utilities: All Utilities; Public Sewer - Connected; Water Connected
Listing Office: Five Oaks Realty
Last Updated: October - 04 - 2024
Broker Attribution: [email protected]

Information deemed reliable but not guaranteed.