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1806 Brown Ave
Panama City, FL 32405
Office Property For Sale
Investment Highlights
- Modern 2016-Built Office | 10 Suites | Move-In Ready Turnkey 3,476 SF professional office building with flexible layout, ideal for owner-users or mult
- Expansion Opportunity Next Door (1808 Brown Ave) Adjacent parcel available with additional parking + $2,600/mo income potential, creating a rare multi
- Priced at $599K | Strong Value for Newer Construction Competitive pricing for a modern office asset with minimal near-term capital needs.
Executive Summary
?? Seller Offering $25,000 Buyer Improvement Allowance
The seller is offering a $25,000 credit at closing to assist with customization, reconfiguration, or tenant improvements, allowing buyers to tailor the space to their specific business needs. Whether you're envisioning a salon, medical office, professional services firm, creative workspace, or another permitted use, this incentive provides added flexibility and value.
Pro Forma NOI ~$55K–$65K | Strong Yield Potential
Projected income based on leasing 10 private office suites at market rents in a high-demand small office segment.
Now offered at $589,000, 1806 Brown Avenue presents a rare opportunity to acquire a modern (2016-built), multi-suite office building in a central Panama City location. The property offers approximately 3,476 square feet with a flexible layout designed to accommodate a variety of professional, administrative, or service-based users.
The building features 10 private office suites, two kitchens, two restrooms, and a potential laundry area, making it well-suited for single-user occupancy, executive suite leasing, or a hybrid owner-user/income model. A security and camera system is installed throughout, and a large rear storage area provides additional operational utility.
This is a move-in ready asset with modern construction, minimizing near-term capital expenditure while offering strong flexibility for customization or leasing strategy.
Additional Upside Opportunity:
The adjacent property at 1808 Brown Avenue is also available for purchase. This neighboring parcel offers additional parking (a key constraint for many office users), a second building currently generating approximately $2,600/month in rental income, and an outbuilding for additional workspace or storage. Together, the two properties create a compelling opportunity for a multi-building professional campus or expanded income-producing asset.
Investment Highlights:
Built in 2016 – modern construction
3,476 SF office building with efficient layout
10 private offices – ideal for multi-tenant or executive suites
Two kitchens and two restrooms
Security and camera system installed
Rear storage area for operational use
Strong owner-user or investment potential
Adjacent parcel at 1808 Brown Ave also available, offering additional parking and income potential.
Strategically located in central Panama City with convenient access to major corridors, professional services, and surrounding commercial activity.
The seller is offering a $25,000 credit at closing to assist with customization, reconfiguration, or tenant improvements, allowing buyers to tailor the space to their specific business needs. Whether you're envisioning a salon, medical office, professional services firm, creative workspace, or another permitted use, this incentive provides added flexibility and value.
Pro Forma NOI ~$55K–$65K | Strong Yield Potential
Projected income based on leasing 10 private office suites at market rents in a high-demand small office segment.
Now offered at $589,000, 1806 Brown Avenue presents a rare opportunity to acquire a modern (2016-built), multi-suite office building in a central Panama City location. The property offers approximately 3,476 square feet with a flexible layout designed to accommodate a variety of professional, administrative, or service-based users.
The building features 10 private office suites, two kitchens, two restrooms, and a potential laundry area, making it well-suited for single-user occupancy, executive suite leasing, or a hybrid owner-user/income model. A security and camera system is installed throughout, and a large rear storage area provides additional operational utility.
This is a move-in ready asset with modern construction, minimizing near-term capital expenditure while offering strong flexibility for customization or leasing strategy.
Additional Upside Opportunity:
The adjacent property at 1808 Brown Avenue is also available for purchase. This neighboring parcel offers additional parking (a key constraint for many office users), a second building currently generating approximately $2,600/month in rental income, and an outbuilding for additional workspace or storage. Together, the two properties create a compelling opportunity for a multi-building professional campus or expanded income-producing asset.
Investment Highlights:
Built in 2016 – modern construction
3,476 SF office building with efficient layout
10 private offices – ideal for multi-tenant or executive suites
Two kitchens and two restrooms
Security and camera system installed
Rear storage area for operational use
Strong owner-user or investment potential
Adjacent parcel at 1808 Brown Ave also available, offering additional parking and income potential.
Strategically located in central Panama City with convenient access to major corridors, professional services, and surrounding commercial activity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,476 SF
Year Built
2016
Price
$589,000
Price Per SF
$169.45
Cap Rate
9.34%
NOI
$55,000
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,738 SF
Property Taxes
| Parcel Number | 28268-000-000 | Improvements Assessment | $162,545 |
| Land Assessment | $30,492 | Total Assessment | $193,037 |
Property Taxes
Parcel Number
28268-000-000
Land Assessment
$30,492
Improvements Assessment
$162,545
Total Assessment
$193,037
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