$1,357,867
$1,357,867
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3309 Frankford AVE #A-D Panama City, FL 32405
7,072 SqFt
Key Details
Sold Price $1,357,867
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,072 sqft
Price per Sqft $192
Subdivision No Named Subdivision
MLS Listing ID 733668
Sold Date 11/30/22
HOA Y/N No
Year Built 1982
Lot Size 1.250 Acres
Acres 1.25
Property Description
INCOME PRODUCING COMMERCIAL REAL ESTATE ! This property is perfect for a 1031 exchange buyer! This property is Centrally located in the heart of Panama City on Frankford ave. The building sits on 1.25 acres and has of plenty of parking. The building has 2 long term credit tenants Sea School & Fla Agency for persons with disabilities.APD occupies units A & C and their space is 3315 sq ft. APD is in year two of a 7 year lease with options to renew for an additional 7 years with built-in rent increases. Sea School occupies units B & D and their space is 3052 Sq ft. They are on the first of their 5 year lease with an additional 5 years with built in rent increases. All of the roofing, electrical , HVAC, plumbing, irrigation pump are all brand new.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Heating Central, Electric, High Efficiency
Cooling Central Air, Electric, High Efficiency, Multi Units
Flooring Carpet, Concrete
Fireplace No
Appliance Electric Water Heater
Exterior
Utilities Available Natural Gas Available, Sewer Available, Water Available
Waterfront No
Roof Type Flat
Accessibility Accessible Common Area, Accessible Approach with Ramp, Accessible Hallway(s)
Building
Lot Description Interior Lot, Landscaped, Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Northside
Middle Schools Jinks
High Schools Bay
Others
Tax ID 26675-100-002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Listed As-Is
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Bought with Eagle American Realty Group LLC