Coastal Vibes Luxury Group

401 E 23RD Street A-J

Panama City , FL 32405

MLS#: 665155

$2,250,000

Status: Closed
Listing number: 665155
Listing provided by: Counts Real Estate Group Inc
Listing agent phone: None
Last update: a month ago
On site: 8 years ago
Browse Properties
No Named Subdivision - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2005

Sq.Footage

N/A

23rd Street Plaza is a shadow strip center within the Home Depot Power Center on 23rd Street. The 17,302 square foot building is 100% occupied. The current Net Operating Income is $202,590, which equates to a 9.0% Cap Rate at the $2.25M sale price. Easy access via the signalized intersection of 23rd Street and Wilson Avenue, which is the main entrance to the Center. Additional ingress and egress to Harrison Avenue and via easements to Highway 77. Detailed financials and lease terms available upon request and execution of a confidentiality agreement.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    Paved

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    3.42

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $2,250,000

  • Zoning

    Commercial, City

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    Yes

  • Association Fee Includes

    N/A

School District

  • Elementary School

    Hiland Park

  • Middle School

    Jinks

  • High School

    Bay

Property Features

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Hiland Park

Middle School

Jinks

High School

Bay

Listing Courtesy of Chris McCall , Counts Real Estate Group Inc

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Sales Associate

Cara Garcia

Call Cara today to schedule a private showing.

(850) 775-8774

cara@realhub365.com


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23rd Street Plaza is a shadow strip center within the Home Depot Power Center on 23rd Street. The 17,302 square foot building is 100% occupied. The current Net Operating Income is $202,590, which equates to a 9.0% Cap Rate at the $2.25M sale price. Easy access via the signalized intersection of 23rd Street and Wilson Avenue, which is the main entrance to the Center. Additional ingress and egress to Harrison Avenue and via easements to Highway 77. Detailed financials and lease terms available upon request and execution of a confidentiality agreement.

401 E 23RD Street A-J

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