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1602 Martin Luther King Jr Blvd
Panama City, FL 32405 Downtown Panama City

$2,750,000 USD

Light Manufacturing For Sale  •  8,000 SF

Property Details

  • Property Type Light Manufacturing
  • Total Building Size 8,000 SF
  • Lot Size 2 AC
  • Building Class C
  • Year Built 1995
  • Tenancy Single
  • Zoning GC
0 Transit Score
53 Walk Score

Highlights

Corporate Lease in Place – Fully leased to Avis Car Rental (Corporate) with a percentage rent kicker based on gross sales.
Second National Tenant (Undisclosed) – Occupied by a major U.S. brand (identity released under NDA).
Stabilized Income Asset – Current NOI of $220,000/year with 8% cap rate and long-term tenancy.
Strategically positioned on MLK Blvd near Panama City Mall, offering exceptional visibility and traffic exposure.
2.0± Acre Fully Utilized Parcel – Site includes existing 5,000 SF warehouse + 3,000 SF retail/showroom; fully improved and impervious.
FDOT improvement plans in progress nearby; ideal for long-term value appreciation.

Property Flyers

Public Transportation

AirportDriveWalkDistance
Northwest Florida Beaches International 34 min - 21.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Fletcher Dilmore 850-326-1463 Premier Commercial Group
Fletcher Dilmore 850-326-1463 Premier Commercial Group