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3707 W 23rd St 1,046 SF Office Building Panama City, FL 32405 $439,620 CAD ($420.29 CAD/SF)



Investment Highlights
- Dedicated on-site parking in a location where parking is highly valued.
- High-visibility frontage along W 23rd Street, one of Panama City’s busiest corridors.
- Convenient access to major roadways, surrounding businesses, and local amenities.
- Owner financing available, creating a flexible acquisition path for buyers.
- Functional layout with three private offices, conference room, reception, and break room.
- Most existing furniture conveys, supporting a move-in-ready experience.
Executive Summary
This 1,046 SF standalone office building presents an excellent ownership opportunity along one of Panama City’s busiest commercial corridors. Situated on a 0.10-acre commercially zoned lot, the property is configured with an efficient single-tenant layout that includes three private offices, a conference room, reception area, break room, and archival room. Most existing furniture conveys, supporting a turnkey transition for professional service firms, boutique practices, or small businesses seeking functional space with minimal setup costs.
A 2005 renovation modernized essential systems while preserving the structure’s character, combining practical upgrades with aesthetic appeal. Dedicated on-site parking enhances convenience for employees and clients, while frontage along W 23rd Street ensures exceptional visibility and easy access to surrounding retail, professional services, and major thoroughfares.
At a competitive $315,000 price point and with owner financing available, this asset provides a cost-effective path to ownership and long-term occupancy control. Its location in a growing market corridor positions it as an attractive solution for businesses seeking permanence and equity-building potential in central Panama City.
A 2005 renovation modernized essential systems while preserving the structure’s character, combining practical upgrades with aesthetic appeal. Dedicated on-site parking enhances convenience for employees and clients, while frontage along W 23rd Street ensures exceptional visibility and easy access to surrounding retail, professional services, and major thoroughfares.
At a competitive $315,000 price point and with owner financing available, this asset provides a cost-effective path to ownership and long-term occupancy control. Its location in a growing market corridor positions it as an attractive solution for businesses seeking permanence and equity-building potential in central Panama City.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
1,046 SF
Building Class
C
Year Built/Renovated
1942/2005
Price
$439,620 CAD
Price Per SF
$420.29 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,046 SF
Building FAR
0.24
Lot Size
0.10 AC
Zoning
Commercial - Commercial
Parking
2 Spaces (2.11 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 27963-000-000 | Improvements Assessment | $58,396 CAD |
| Land Assessment | $75,227 CAD | Total Assessment | $133,623 CAD |
Property Taxes
Parcel Number
27963-000-000
Land Assessment
$75,227 CAD
Improvements Assessment
$58,396 CAD
Total Assessment
$133,623 CAD
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3707 W 23rd St
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