$1,540,000
$1,600,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
11,000 SqFt
SOLD DATE : 05/21/2025
Key Details
Sold Price $1,540,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 11,000 sqft
Price per Sqft $140
MLS Listing ID 970121
Sold Date 05/21/25
Year Built 2010
Lot Size 0.860 Acres
Acres 0.86
Property Sub-Type Office
Property Description
Welcome to a lucrative investment opportunity in Panama City, FL. This prime commercial property at 2810 Hwy 77 offers a solid income stream with a favorable cap rate of 7.1%. With an occupied space and annual tenant income of $163,823 this property ensures long-term financial growth.Featuring two buildings (front 5,000 sf & back 6,000 sf) totaling 11,000 sq ft, this property houses thriving tenants including South Oak Title, Think Real Estate, and Mochas & Minis. The combined tenant income of $163,823 annually guarantees a steady cash flow.Strategically located on Hwy 77, this property enjoys excellent visibility and high traffic exposure, with consistent demand for commercial space. Close to amenities and businesses, it leverages the city's economic growth for maximum return
Location
State FL
County Bay
Area 27 - Bay County
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