401 E 23RD Street A-J, Panama City FL 32405 US

23rd Street Plaza is a shadow strip center within the Home Depot Power Center on 23rd Street. The 17,302 square foot building is 100% occupied. The current Net Operating Income is $202,590, which equates to a 9.0% Cap Rate at the $2.25M sale price. Easy access via the signalized intersection of ...

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401 E 23RD Street A-J
Panama City FL 32405 US

17,302 sqft

#665155

Courtesy of: Chris McCall, Counts Real Estate Group Inc

$2,250,000

401 E 23RD Street A-J 23rd Street Plaza is a shadow strip center within the Home Depot Power Center on 23rd Street. The 17,302 square foot building is 100% occupied. The current Net Operating Income is $202,590, which equates to a 9.0% Cap Rate at the $2.25M sale price. Easy access via the signalized intersection of 23rd Street and Wilson Avenue, which is the main entrance to the Center. Additional ingress and egress to Harrison Avenue and via easements to Highway 77. Detailed financials and lease terms available upon request and execution of a confidentiality agreement.

  • Facts
  • Built in: 2005
  • Lot Size: 3.42 acre
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Roof Type: Unknown
  • Neighborhood
  • 02 - Bay County - Central
Listing Changed: 2/19/2018 10:19:01 PM GMT
MLS Updated: 2/20/2018 6:19:58 AM GMT

Courtesy of: Chris McCall, Counts Real Estate Group Inc

Listing Source - ListHub

Copyright © 2018 Bay County Realtors Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.