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8,970 sqft Flex Warehouse | Panama City, FL 202 W 6th St 8,590 SF 100% Leased Retail Building Panama City, FL 32401 $1,450,000 ($168.80/SF) 11.88% Cap Rate
Investment Highlights
- 8,970 SF Flex Warehouse – Large open warehouse space ideal for distribution, storage, light manufacturing, contractor operations, or flex
- Strong Income Potential – Projected gross rent of $14,703/month with an estimated NOI of $172,232/year.
- Opportunity Zone Property – Located within an Opportunity Zone, offering potential long-term tax advantages for qualifying investors.
- Prime Downtown Panama City Location – Positioned on W 6th St with convenient access to downtown businesses, the waterfront
- Flexible DTD Zoning – Supports a variety of warehouse, commercial, retail, office, and mixed-use redevelopment opportunities.
- Growing Panama City Market – Located in an expanding downtown district benefiting from continued redevelopment, business growth
Executive Summary
Address: 202 W 6th St Panama City, FL 32401
County: Bay County
Parcel ID: 19516-000-000 | 19517-000-000 | 20091-000-000
Building size: 8,970 sqft
Land size: 0.48 acre
Zoning: DTD
Layout: Large warehouse space
Sewer: Connected
Water: City Water. Connected
Electric: Connected
Road Access: Yes
Flood Zone: No
Wetlands: No
Opportunity zone: True
Rent Info:
Potential Gross Rent: $14,703/month
Potential NOI: $172,232
Showing property visits by appointment only.
Call\ Text to schedule
Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.
County: Bay County
Parcel ID: 19516-000-000 | 19517-000-000 | 20091-000-000
Building size: 8,970 sqft
Land size: 0.48 acre
Zoning: DTD
Layout: Large warehouse space
Sewer: Connected
Water: City Water. Connected
Electric: Connected
Road Access: Yes
Flood Zone: No
Wetlands: No
Opportunity zone: True
Rent Info:
Potential Gross Rent: $14,703/month
Potential NOI: $172,232
Showing property visits by appointment only.
Call\ Text to schedule
Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.
We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.
All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,590 SF
Building Class
B
Year Built
1959
Price
$1,450,000
Price Per SF
$168.80
Cap Rate
11.88%
NOI
$172,232
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.01
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
DTD
Parking
9 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 19516-000-000 | Improvements Assessment | $146,863 |
| Land Assessment | $49,876 | Total Assessment | $196,739 |
Property Taxes
Parcel Number
19516-000-000
Land Assessment
$49,876
Improvements Assessment
$146,863
Total Assessment
$196,739
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