SQUARE FEET54,027
MLS#786612
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
+/-54,027 SF neighborhood shopping center situated on 5. 18 acres on Hwy 231 in Panama City. This property benefits from access points on major arteries, Hwy 231 & Hwy 77 along with a separate lighted intersection at 19th St. The property is well positioned to meet the daily retail and service needs of nearby neighborhoods while benefiting from proximity to Bay County's healthcare and employment hubs. Currently 83. 13% occupied, the center provides stable in-place income with additional upside through +/-9,114 SF of available office space. Panama City benefits from a diversified economic base supported by healthcare, tourism, retail, and military presence. Major employers such as HCA Florida Gulf Coast Hospital, Ascension Sacred Heart, and Tyndall Air Force Base provide a stable employment foundation that supports consistent consumer activity. +/-54,027 SF Neighborhood Shopping Center on +/-5. 18 Acres 83. 13% Occupied with Stable In-Place Income +/-9,114 SF Office Vacancy - Lease Upside Opportunity Multiple Access Points (Hwy 231, Hwy 77 & 19th Street) New Roof and HVAC installed 2019 Parking Ratio: 4. 37:1000 Financials & Rent Roll Available Upon Request
Property Features
Property Type: Commercial - Business
Lot Size: 5.18 Acres
Year Built: 1968
Feature Descriptions
Days on Site: 37
Parcel#: 14456-000-000
Local Schools
High School: Bay
Middle School: Jinks
Elementary School: Oakland Terrace
Listed By / Shown By
615 Highway 231 | MLS# 786612
This commercial property located at 615 Highway 231 , Panama City, FL 32405 is currently listed for sale with an asking price of $6,493,000. Search Panama City real estate on www.realtymarkllc.com today.