469 23rd St, Panama City 32405
Listing Information
| Property Type: Commercial Sales |
| MLS #: | 512446 | Price: | $4,000,000.00 | Year Built: | 1991 | Square Feet: | Not available | Bedrooms: | Not available | Bathrooms: | Not available |
| HOA Fees: | Not available | Lot Size: | 1.54 acres | Lot Dimensions: | 247 X 400 X 113 X 148 X 134 X |
Subdivision: Not available
Description:
The Regions Bank Building provides investors with an incredible opportunity to own one of the premier office buildings in Bay County. This is one of the very few Class A office buildings in our market. Regions Bank is the primary tenant and they recently extended the term of their lease to 2017. The current Net Operating Income is $352,000 per year, which reflects a capitalization rate of 8.8%. Fantastic central location in the heart of Panama City`s business district at the southeast corner of 23rd Street and State Avenue, which is practically on the Gulf Coast Medical Campus. There is 2,190 square feet avaialble for lease on the second floor, which could be occupied by an the buyer/owner/investor. The second floor boardroom is a shared charet and is available to all tenants in the Building by reservation. Please call for further details or to setup a tour of the Building. Tours are only possible during normal business hours of Regions Bank.
Photos
Features
Condition:Sold As-is
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This listing provided courtesy of Counts Real Estate Group Inc.
This information was last updated on 7/20/2010 1:16:35 AM.
All information in this listing is approximate. Buyers are expected to verify any specific information prior to signing any contract. Neither Brandon Jordan, Coldwell Banker, ECAR, nor any other Realtor is liable for any inaccuracies herein.
All listings are provided courtesy of the Emerald Coast Association of Realtors, copyright 2010. All rights reserved.
