221 E 23rd Street, Panama City, FL 32405

$1,350,000

221 E 23rd Street
Panama City, FL 32405
MLS# 683535
Status: Sold
8468 sqft

1 / 4

Property Description
This is a medical office building with four units currently has all units rented. The units consist of doctors offices and three tenants have been in their location for extended periods of time. Suites C,D,E and F are month to month. Suite B has a 42 months +- remaining on the lease. Unit A has a 3 year lease.

Details

Maps

Contract Info

List Price/SqFt: 176.55

List Date: 2019-05-11

List Price: $1,495,000

Current Price: $1,350,000

Sub-Type: Income Producing

Location

Sub Area: 0204 - Bay - Central NW

Community/Resort: None

Waterfront: No

Elementary School: Hiland Park

Middle School: Jinks

High School: Bay

Section: 28

Directions: From Harrison Avenue and 23rd street proceed East to the above address. There is not a sign on the property

Township: 3s

Range: 14w

Area: 02 - Bay County - Central

Street #: 221

Street Direction: E

Street Name: 23rd

Street Suffix: Street

State: FL

Zip Code: 32405

County: Bay

Subdivision: St. Andrews Bay Dev. Co.

Parcel ID: 12976-013-000

Legal Description: 28 3S 14W -107.12- 104B ST AND BAY DEV CO PLAT BEG 50' N & 115' E OF SW COR LOT 122 TH N 280' E 100' S 280 W 100' TO POB ORB 873 P 432 ORB 1484 P 1447

General Property Info

List Class: Commercial

Site Dimensions: 280x100

Acreage: 0.64

Possession Date: immediate

Construction Status: Construction Complete

# of Units: 6

SqFt HVAC: 7820

SqFt Retail: 0

SqFt - Office: 6969

Frontage Ft: 100

SqFt Tot Bldg: 8468

Lot Depth: 280

Lot SqFt: 27965.5

Ceiling Height: 8

Year Built: 1980

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: This is a medical office building with four units currently has all units rented. The units consist of doctors offices and three tenants have been in their location for extended periods of time. Suites C,D,E and F are month to month. Suite B has a 42 months +- remaining on the lease. Unit A has a 3 year lease.

Status Change Info

Sold Price/SqFt: 159.42

Sold Price/Acre: 2109375

Status: Sold

Under Contract Date: 2023-08-16

Sold Date: 2023-10-02

Sold Price: $1,350,000

Office

Year Built: 1980

Building SqFt: 8468

Property Type: Medical

Actual Gross Income: 104400

# of Units: 6

Construction/Siding

Floor - Vinyl: 1

Roof - Metal: 1

Siding - Stucco: 1

Energy

AC - 2 or More: 1

Heat - Two or More: 1

Water Heater - Electric: 1

Financing

Cash: 1

Present Zoning

Commercial: 1

Utilities

All Utilities: 1

Public Sewer - Connected: 1

Water Connected: 1

Sale Type

As Is: 1

Business Only

Year Built: 1980

Building SqFt: 8468

Actual Gross Income: 104400

Business/Property

Freestanding Building: 1

Floors in Unit/Home

One: 1

Heating/Cooling

AC - Central: 1

AC - HVAC: 1

Heat - HVAC: 1

Transport. Access

4-Lane: 1

Center Turn Lane: 1

Divided Highway: 1

State Road: 1

Property Features

Energy: AC - 2 or More; Heat - Two or More; Water Heater - Electric

Financing: Cash

Present Zoning: Commercial

Sale Type: As Is

Utilities: All Utilities; Public Sewer - Connected; Water Connected

Listing Office: Five Oaks Realty

Last Updated: October - 04 - 2024

Information deemed reliable but not guaranteed.

Broker Attribution: 1@dwighthicks.com

221 E 23rd Street, Panama City, FL 32405 (MLS# 683535)