7
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$6,493,000
Est. payment /mo
54,027 SqFt
Active
615 Highway 231 Panama City, FL 32405
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 54,027 sqft
Price per Sqft $120
Subdivision No Named Subdivision
MLS Listing ID 786612
HOA Y/N No
Year Built 1968
Lot Size 5.180 Acres
Acres 5.18
Property Description
+/-54,027 SF neighborhood shopping center situated on 5.18 acres on Hwy 231 in Panama City. This property benefits from access points on major arteries, Hwy 231 & Hwy 77 along with a separate lighted intersection at 19th St.
The property is well positioned to meet the daily retail and service needs of nearby neighborhoods while benefiting from proximity to Bay County's healthcare and employment hubs. Currently 83.13% occupied, the center provides stable in-place income with additional upside through +/-9,114 SF of available office space.
Panama City benefits from a diversified economic base supported by healthcare, tourism, retail, and military presence. Major employers such as HCA Florida Gulf Coast Hospital, Ascension Sacred Heart, and Tyndall Air Force Base provide a stable employment foundation that supports consistent consumer activity.
+/-54,027 SF Neighborhood Shopping Center on +/-5.18 Acres
83.13% Occupied with Stable In-Place Income
+/-9,114 SF Office Vacancy - Lease Upside Opportunity
Multiple Access Points (Hwy 231, Hwy 77 & 19th Street)
New Roof and HVAC installed 2019
Parking Ratio: 4.37:1000
Financials & Rent Roll Available Upon Request
The property is well positioned to meet the daily retail and service needs of nearby neighborhoods while benefiting from proximity to Bay County's healthcare and employment hubs. Currently 83.13% occupied, the center provides stable in-place income with additional upside through +/-9,114 SF of available office space.
Panama City benefits from a diversified economic base supported by healthcare, tourism, retail, and military presence. Major employers such as HCA Florida Gulf Coast Hospital, Ascension Sacred Heart, and Tyndall Air Force Base provide a stable employment foundation that supports consistent consumer activity.
+/-54,027 SF Neighborhood Shopping Center on +/-5.18 Acres
83.13% Occupied with Stable In-Place Income
+/-9,114 SF Office Vacancy - Lease Upside Opportunity
Multiple Access Points (Hwy 231, Hwy 77 & 19th Street)
New Roof and HVAC installed 2019
Parking Ratio: 4.37:1000
Financials & Rent Roll Available Upon Request
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Exterior
Private Pool No
Schools
Elementary Schools Oakland Terrace
Middle Schools Jinks
High Schools Bay
Others
Tax ID 14456-000-000
Listed by NAI TALCOR