2810 FL-77 A-B, Panama City, FL 32405

$1,540,000
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

More Information MLS# 970121

None

Current Price: $1,540,000

Status Change Info

Status: Sold Under Contract Date: 2025-03-13 Sold Date: 2025-05-21 Sold Price: $1,540,000

Contract Info

GCCMLS Number: 38828947 List Date: 2025-03-03 List Price: $1,600,000 Listing Board: Emerald Coast

Location Tax and Legal

Area: 27 - Bay County Street #: 2810 Street Name: FL-77 State: FL Zip Code: 32405 County: Bay Parcel ID: 12865-001-000

General Property Info

Listed on GCCMLS: Yes Vacant: No Immediate Occupancy: No Acreage: 0.86

Income Producing

Year Built: 2010 Building SqFt: 11000 Annual Gross Income: 163823 Expenses: 50288 Net Operating Income: 113535 Cap Rate: 7.1 Property Type: Office

Property Features

Class: Income Producing
Listing Office: Counts Real Estate Group Inc
Last Updated: May - 23 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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