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

$1,085,000 USD

Light Distribution For Sale  •  5,450 SF

Property Details

• Property Type Light Distribution
• Total Building Size 5,450 SF
• Lot Size 1.87 AC
• Building Class B
• Year Built 1995
• Zoning CG

30 Transit Score

40 Walk Score

Highlights

Single-tenant property leased to Amazon under a NNN structure, delivering minimal landlord responsibilities.

10% in-place cap rate supported by approximately $108,500 NOI and day-one yield performance.

±1.3 years remaining on the lease with an expected 2-year renewal option backed by nearby fulfillment hub expansion.

Located adjacent to Panama City Mall in a high-visibility logistics and retail corridor with strong traffic counts.

Surrounding area includes leading national anchors, hospitality, and dining, reinforcing long-term viability.

Offered at $1,085,000, providing a compelling investment for net-lease and 1031 exchange buyers.

Amenities

• 24 Hour Access

Public Transportation

Airport	Drive	Walk	Distance
Northwest Florida Beaches International	35 min	-	21.2 mi