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$ 859,000
Est. payment | /mo
8,712 SqFt
$ 859,000
Est. payment | /mo
8,712 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,712 sqft
Price per Sqft $98
MLS Listing ID 998764
Lot Size 8,712 Sqft
Acres 0.2
Source Emerald Coast Association of REALTORS®
Property Description
🚨 PRICE REDUCED + $25,000 BUYER IMPROVEMENT ALLOWANCE! 🚨 Rare opportunity to acquire two contiguous GC-1 zoned properties in Panama City's Bayview Addition, now offered together at a newly reduced package price of $859,000. The seller is also offering a $25,000 credit at closing to assist with customization, reconfiguration, or tenant improvements or closing costs providing added flexibility for owner-users and investors alike. This unique assemblage combines a modern commercial building with an income-producing residential property, creating multiple income and use scenarios. 1806 Brown Ave features a 3,476 SF building constructed in 2016, offering flexible space suitable for a variety of commercial, professional, medical, salon, or service-based uses. 1808 Brown Ave, built in 2017, is a 2-bedroom, 1-bath residence currently tenant occupied, generating approximately $2,600 per month in rental income. The adjacent parcel also provides valuable additional parking for 1806 and includes a detached garage suitable for office, storage, workshop, or flex space. Together, the properties create a rare opportunity for a business owner seeking a professional campus environment or an investor looking for in-place income and future upside. Upon vacancy, the residence may also support future commercial or mixed-use use, subject to buyer verification. Together, the properties offer approximately 17,424 SF of combined land, allowing buyers to operate, generate income, or reposition both assets long-term. Properties may be purchased individually or as a discounted package. Combination sale strongly preferred. Buyer to verify zoning and intended use.
Location
State FL
County Bay
Area 27 - Bay County
Direction Take Hwy 98 east over the bridge and turn left on Brown Ave. The office building will be first and the parking lot and SFH is next door
Exterior
Garage No
Building
Faces Take Hwy 98 east over the bridge and turn left on Brown Ave. The office building will be first and the parking lot and SFH is next door
Others
Pets Allowed No
Tax ID 28269-000-000 & 28268-000-000
Listed by Marcy L O'Donnell Luxe Coastal Realty
Nearby Locations
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Tomell Johnson
REALTOR® | Lic# SL3413882