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16901 panama city beach Pky 12,916 SF 100% Leased Office Building Panama City Beach, FL 32413 $6,780,064 CAD ($524.94 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
Premier location! OWNER FINANCING AVAILABLE WITH ACCEPTABLE TERMS. Currently the first and second floors are available for owner occupancy. The property also has an additional lot that is included in the sale for parking and enough space to build approximately an additional 3000 sq ft building to increase property income or perfectly sized for large parking garage area allowing the availability to enlarge the existing building for additional usable square footage. Three floors in main building each being a bit over 4000 sq ft. The ground floor space once was a bank and could be up and operational within 30-45 days. The third floor is currently rented long term. The location is premier as it is strategically located between Hwy 79 and Pier Park close to the City Hall and within minutes of the New Hospital on Hwy 79 The sale includes adjoining lot identified as 33478-010-000.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$120,534
|
$9.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,534
|
$9.33
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $120,534 |
| Annual Per SF | $9.33 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $120,534 |
| Annual Per SF | $9.33 |
| 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
$6,780,064 CAD
Price Per SF
$524.94 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,800 SF
Building FAR
0.49
Lot Size
0.61 AC
Zoning
C-3 - 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
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100
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16901 panama city beach Pky
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