Property Type:
Commercial for Sale
Lot Size (sq. ft.):
37,462
Status:
Sold
Current Price:
$1,600,000
List Date:
3/04/2025
Last Modified:
5/23/2025
Description
Welcome to a lucrative investment opportunity in Panama City, FL. This prime commercial property at 2810 Hwy 77 offers a solid income stream with a favorable cap rate of 7.1%. With an occupied space and annual tenant income of $163,823 this property ensures long-term financial growth.
Featuring two buildings (front 5,000 sf & back 6,000 sf) totaling 11,000 sq ft, this property houses thriving tenants including South Oak Title, Think Real Estate, and Mochas & Minis. The combined tenant income of $163,823 annually guarantees a steady cash flow.
Strategically located on Hwy 77, this property enjoys excellent visibility and high traffic exposure, with consistent demand for commercial space. Close to amenities and businesses, it leverages the city's economic growth for maximum return
Listing Office: Counts Real Estate Group Inc
Last Updated: May - 23 - 2025
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