1818 Michigan Ave, Panama City, FL, 32405

1818 Michigan Ave Panama City, FL 32405

1818 Michigan Ave, Panama City, FL, 32405
Front Exterior
1818 Michigan Ave, Panama City, FL, 32405 1818 Michigan Ave, Panama City, FL, 32405 1818 Michigan Ave, Panama City, FL, 32405 1818 Michigan Ave, Panama City, FL, 32405 1818 Michigan Ave, Panama City, FL, 32405
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$699,900
Last Verified:
Nov 26, 2024

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Highlights

  • - 2,400 SF building offering versatile office and commercial potential
  • - Blending timeless charm with modern opportunities
  • - Zoned GC-2, providing flexibility for a range of business uses
  • - Strategic location in the dynamic Panama City area
  • - Exceptional visibility and accessibility for prospective tenants
  • - Opportunity for customization or renovation to meet specific tenant needs
  • - Attractive canvas for creating a bespoke office space
  • - Prime investment opportunity for a discerning investor

Description

Introducing a prime investment opportunity in the Panama City area. This 2,400 SF building, zoned GC-2, offers a solid foundation for a range of office and commercial applications. With its strategic location, the property provides exceptional visibility and accessibility for prospective tenants. The timeless charm of the building presents an attractive canvas for customization or renovation, allowing investors to create a bespoke office space tailored to meet the evolving needs of discerning tenants. Explore the potential of this versatile property, strategically positioned to be a valuable addition to any investor's portfolio.

Discover the vibrant opportunities surrounding the location in Panama City, FL. Located in a bustling commercial area, the property is surrounded by a wealth of amenities, including popular dining spots and retail outlets. With easy access to major thoroughfares, the area provides convenient commuting options for tenants and visitors. Additionally, nearby landmarks such as the Gulf Coast State College and Panama City Center for the Arts offer cultural and educational enrichment. The area's strategic position, along with its proximity to various points of interest, makes it an appealing choice for investors seeking to capitalize on the dynamic commercial potential of Panama City.

Centrally located office building with private fenced side yard in between Highway 98 and 23rd Street on Michigan Avenue. Space includes reception area, front office, four private offices, full kitchen, large conference room, and two bathrooms. Two storage sheds included in sale. Perfect location for medical office, landscaping, engineering, or construction companies.


Year Built: 1947
Building Size: 2400sq ft
Building Class: C
Lot Size: 0.74 acres

Map of 1818 Michigan Ave, Panama City, FL, 32405

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.