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    4001 W 23rd Street

    Panama City, FL 32405
    • $4,295,000
    • STATUS: Active Under Contract
    • ON SITE: 350 days
    • MLS #: 699406
    Under Contract
    UPDATED: 174 min ago
    $4,295,000
    • 0
      BEDS
    • 2.78
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 27,300
      SQFT
    • $157
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2009
    County:
    Bay

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    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.

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    © 2021 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Jadofsky of Keller Williams Realty Emerald Coast | Keller Williams Success Realty. Data last updated: 2021-06-24T00:03:57.523.
    www.homesofpanamacity.com/homes/107637379
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    4001 W 23rd Street Panama City, FL 32405

    • Price: $4,295,000
    • Status: Active Under Contract
    • Updated: 174 min ago
    • MLS #: 699406
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.78
    Acres
    27,300
    SQFT
    $157
    $/SQFT
    2009
    Built
    Neighborhood:
    [No Recorded Subdiv]
    County:
    Bay
    Area:
    Bay County-Central
    Elementary School:
    Lucille Moore
    Middle School:
    Jinks
    High School:
    Income Producing
    Property Description
    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.
    Exterior Features

    Construction Siding Clear SpanFloor - ConcreteRoof - MetalRoof - SlopingSiding - MetalSiding - StuccoSteel/Frame Construction Status Construction Complete Site Description Aerials AvailableRetention PondSite - PlanSurvey Transport Access 2-Lane5 Or More LanesCenter Turn LaneCounty RoadPaved

    Interior Features

    Accessibility Features Accessible Approach With RampAccessible EntranceAccessible Hallway(S)Accessible Kitchen Heating Cooling Ac - Hvac Sq Ft Total Building 27300.00

    Property Features

    Business Name The Comcast Building Commercial Features Aaa TenantFreestanding BuildingHandicapped AccessHandicapped FacilitiesKitchen AreaOffice AreaSign Commercial Sale Sub Type Bay Community Resort None Energy Ac - 2 Or MoreWater Heater - Electric Financing CashConventional Hoa Fee No List Class Commercial Occupancy Status Occupied Offering Type Real EstateSale With Lease Present Zoning CityCommercial Pricing Type Sale Price Sale Type As IsOther - See Remarks Utilities All Maintenance

    Listing provided courtesy of Counts Real Estate Group Inc. Listing information © 2021 Central Panhandle Association of Realtors MLS.


    © 2021 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Jadofsky of Keller Williams Realty Emerald Coast | Keller Williams Success Realty. Data last updated: 2021-06-24T00:03:57.523.
     
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    Team Jadofsky of Keller Williams Realty Emerald Coast | Keller Williams Success Realty
    36008 Emerald Coast Pkwy #201
    Destin FL, 32541