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309 E 23rd St
Panama City, FL 32405

$1,400,000 USD

Storefront For Sale  •  1,500 SF

Property Details

• Property Type Storefront
• Total Building Size 1,500 SF
• Lot Size 0.24 AC
• Building Class B
• Year Built 1989
• Tenancy Single
• Zoning GC 1

0 Transit Score

53 Walk Score

Highlights

Prime location in the heart of Panama City's main retail corridor, offering exceptional visibility with traffic counts of 28,000 vehicles per day (VPD

The building was recently renovated by the Tenant in 2024

2.5% annual rent increases throughout the remainder of the term including renewal options

8.24% blended Cap Rate over the Initial Term

Located next to the Shops at Bay City Point, ranked in the Top 1% of shopping centers in Florida for annual visits (Placer AI)

Panama City MSA is the #2 Fastest Growing MSA by Percent Growth in 2024 (www.census.gov)

Property Flyers

309 E 23rd St OM

Public Transportation

Airport	Drive	Walk	Distance
Northwest Florida Beaches International	33 min	-	20.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	11
Type:	Surface
Included in Rent:	Yes