2505 15 TH Street, Panama City, FL 32401

$3,650,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 127,195 Status: Sold

Current Price: $3,650,000 List Date: 6/04/2019 Last Modified: 10/12/2024

Overview

Description

FOR SALES COMPS ONLY

Listing Details MLS# 824314

Status Change Info

Under Contract Date: 2019-03-16
Sold Date: 2019-05-29

Contract Info

Listing Board: Emerald Coast

Location Tax and Legal

Area: 27 - Bay County
Street #: 2505
Street Name: 15 TH
Street Suffix: Street
State: FL
Zip Code: 32401
County: Bay
Parcel ID: 29647-000-000

General Property Info

Listed on GCCMLS: Yes
Office Class: CLASS B
Vacant: No
Immediate Occupancy: No
Acreage: 2.92
Zoning: COMMERCIAL

Income Producing

Year Built: 1941
Building SqFt: 27313
Price P/SqFt: 133
Annual Gross Income: 453788
Expenses: 103788
Net Operating Income: 350000
Cash Flow: 350000
Cap Rate: 9.5

More Information

Property Features

Class: Income Producing Construction Status: Existing

Listing Office: NBI Properties Inc

Last Updated: October - 12 - 2024

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

2505 15 TH Street, Panama City, FL 32401 (MLS# 824314)