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16901 panama city beach Pky 12,916 SF 30% Leased Office Building Panama City Beach, FL 32413 $6,847,780 CAD ($530.18 CAD/SF)
INVESTMENT HIGHLIGHTS
- Premier building and location in Panama City Beach, Florida.
- Highly visible property: passed by 19,400 daily drivers.
- Affluent growing area: median household income for residents withing 1-mile radius equals $72,500 and forecasts predict growth of 14% between '24-'29.
- Within close proximity to Panama City Beach's City Hall, Water Department, Administration, and Official Visitor Center.
EXECUTIVE SUMMARY
This premier piece of property has an additional parcel that conveys with the sale. There is 3 floors of 4,000 sq ft per floor with a total of just over 12,000 total sq ft. Currently there is one tenant on op floor with just over 1 year remaining on the lease with an option for one more 3-year option with increases.
The building is solid poured concrete and in over very good condition. The additional lot could add sq footage to the site or be used for additional parking.
The building is solid poured concrete and in over very good condition. The additional lot could add sq footage to the site or be used for additional parking.
FINANCIAL SUMMARY (ACTUAL - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$121,738
|
$9.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$121,738
|
$9.43
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $121,738 |
| Annual Per SF | $9.43 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $121,738 |
| Annual Per SF | $9.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
12,916 SF
Building Class
B
Year Built
2006
Price
$6,847,780 CAD
Price Per SF
$530.18 CAD
Percent Leased
30%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,800 SF
Building FAR
0.49
Lot Size
0.61 AC
Zoning
C3 commercial - The property has a large amount of available uses under it's commercial zoning. Including Bank, Retail, Medical Facility, investment rental income.
Parking
20 Spaces (1.75 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Banking
- Controlled Access
- Signage
- Monument Signage
- Air Conditioning
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16901 panama city beach Pky
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