4001 W 23rd Street, Panama City, FL

$4,295,000

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27,300

Square feet

2.78

Acres

About 4001 W 23rd Street

The Comcast Building offers a prime location on 23rd Street with credit tenants. Priced below replacement cost. This 27,300 sq. ft. center offers frontage on 23rd St, ample parking, and additional storage in the rear. Leases are triple-net. The Net Operating Income with the new leases is projected to be $434,000. Comcast has occupied 21,400 sq. ft. for over 12 years and renewed for an additional 5 years in 2019. Encompass Health recently signed a 5-year lease for 3,900 sq. ft. office (Suite C). Applied Technical Systems signed a 5-year lease for 2,000 sq. ft. (Suite B), which the tenant improvements are expected to be completed by May 1st.

Features of 4001 W 23rd Street

MLS® # 699406
Price $4,295,000
Square Footage 27,300
Acres 2.78
Year Built 2009
Type Commercial Sales
Sub-Type Income Producing
Style Commercial
Status Active

Community Information

Address 4001 W 23rd Street
Area 02 - Bay County - Central
Subdivision [No Recorded Subdiv]
City Panama City
County Bay
State FL
Zip Code 32405

Amenities

Utilities All Maintenance
Is Waterfront No

Interior

Heating AC - HVAC

Exterior

Lot Description Aerials Available, Retention Pond, Site - Plan, Survey
Construction Clear Span, Floor - Concrete, Roof - Metal, Roof - Sloping, Siding - Metal, Siding - Stucco, Steel/Frame

School Information

Elementary Lucille Moore
Middle Jinks
High Bay

Additional Information

Days on Website 300
Zoning City, Commercial
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

OfficeCounts Real Estate Group Inc

Listing Map

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