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533 E 11th St
Panama City, FL 32401
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Constructed in 2003, recently completed shell renovations
- Currently in warm shell condition (elec/plmb/hvac) all MEP systems in place and operational
- Centrally located in close proximity to downtown Panama City, Lynn Haven, 23rd Street Retail, Tyndall AFB and major arterials (Hwy 231/Hwy 98/Hwy 77)
- Grand entry atrium, 2nd floor elevator access, 2 rear entry roll-up doors
- Ample parking (117 spaces, 5-hcap), 4.68:1000
EXECUTIVE SUMMARY
Built in 2003, this two-story building provides abundant parking, a convenient location, and a timeless brick masonry exterior. The interior is bathed in natural light through floor to ceiling glass panels. Currently in shell condition offering a blank canvas for buildout and improvements. Conveniently located in close proximity to downtown Panama City, Lynn Haven, Tyndall Airforce Base, and Panama City Beach.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
24,924 SF
Building Class
B
Year Built
2003
Price
$3,992,981 CAD
Price Per SF
$160.21 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,462 SF
Building FAR
0.25
Lot Size
2.25 AC
Opportunity Zone
Yes
Zoning
PC03
Parking
89 Spaces (3.57 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 17622-000-000 | Improvements Assessment | $2,523,481 CAD |
| Land Assessment | $684,149 CAD | Total Assessment | $3,207,629 CAD |
PROPERTY TAXES
Parcel Number
17622-000-000
Land Assessment
$684,149 CAD
Improvements Assessment
$2,523,481 CAD
Total Assessment
$3,207,629 CAD
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