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703 W 15th St 703 W 15th St 47,000 SF 79% Leased Office Building Panama City, FL 32401 $7,677,560 CAD ($163.35 CAD/SF)

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EXECUTIVE SUMMARY

2 buildings totaling 47,000 SF sitting on 3.35 acres at a major intersection, 1st building is 34,000 SF with 2 long term tenants, one being a GSA tenant, the rear building is 13,000 SF with 3 dock high rollup doors, one vacancy in the main building of 6000 SF, recently renovated, new plumbing, wiring, new roof etc
Located at the corner of 15th Streey (98) and Florida Ave

FINANCIAL SUMMARY (ACTUAL - 2021)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $121,445 $2.58

FINANCIAL SUMMARY (ACTUAL - 2021)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $121,445
Annual Per SF $2.58

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Office
Building Size
47,000 SF
Building Class
C
Year Built
1960
Price
$7,677,560 CAD
Price Per SF
$163.35 CAD
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
47,000 SF
Building FAR
0.61
Lot Size
1.78 AC
Opportunity Zone
Yes
Zoning
GC 1 - General Commercial
Parking
155 Spaces (4.6 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste Space 1
  • 10,000 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste Space 1 10,000 SF Office - Now

1st Fl-Ste Space 1

Size
10,000 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste Space 1

Size 10,000 SF
Space Use Office
Condition -
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18136-000-000
Land Assessment
$381,534 CAD (2024)
Improvements Assessment
$959,424 CAD (2024)
Total Assessment
$1,340,958 CAD (2024)
  • Listing ID: 8933174

  • Date on Market: 2017-08-30

  • Last Updated:

  • Address: 703 W 15th St, Panama City, FL 32401

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