533 E 11th St | Panama City, FL 32401
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533 E 11th St
Panama City, FL 32401
Office Property For Sale
Investment Highlights
- Constructed in 2003, recently completed shell renovations
- Currently in warm shell condition (elec/plmb/hvac) all MEP systems in place and operational
- Centrally located in close proximity to downtown Panama City, Lynn Haven, 23rd Street Retail, Tyndall AFB and major arterials (Hwy 231/Hwy 98/Hwy 77)
- Grand entry atrium, 2nd floor elevator access, 2 rear entry roll-up doors
- Ample parking (117 spaces, 5-hcap), 4.68:1000
Executive Summary
Built in 2003, this two-story building provides abundant parking, a convenient location, and a timeless brick masonry exterior. The interior is bathed in natural light through floor to ceiling glass panels. Currently in shell condition offering a blank canvas for buildout and improvements. Conveniently located in close proximity to downtown Panama City, Lynn Haven, Tyndall Airforce Base, and Panama City Beach.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
23,424 SF
Building Class
B
Year Built
2003
Price
$4,123,800 CAD
Price Per SF
$176 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,712 SF
Building FAR
0.24
Lot Size
2.25 AC
Opportunity Zone
Yes
Zoning
PC03
Parking
89 Spaces (3.8 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 17622-000-000 | Improvements Assessment | $2,562,328 CAD |
| Land Assessment | $686,600 CAD | Total Assessment | $3,248,928 CAD |
PROPERTY TAXES
Parcel Number
17622-000-000
Land Assessment
$686,600 CAD
Improvements Assessment
$2,562,328 CAD
Total Assessment
$3,248,928 CAD
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