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- LoopNet Team
2505 W 15th St
Panama City, FL 32401
Office Property For Sale
PROPERTY FACTS
AMENITIES
- Security System
- Signage
- Storage Space
- Air Conditioning
ABOUT 2505 W 15TH ST , PANAMA CITY, FL 32401
Investment Opportunity! 100% occupied office building for sale. The credit tenants include two state agencies; The Department of Education, The Department of Children & Families and another national credit tenant ''National Coating Systems, Inc.'' Approximately 27,313 square feet on +/-2.92 acres. Centrally located in Panama City on West 15th Street (a/k/a ''U.S. Highway 98'') with frontage from the corner of Hickory Avenue to Foster Avenue. The net operating income is $360,809, which equates to an 8.5% cap rate at the list price and current income. Call for details. The repairs to the building, for damages caused by Hurricane Michael, are nearly complete and include, but are not limited to; new roof, new HVAC systems with 5-year warranties, new flooring, drywall, ceilings, etc. The building will be sold at the same terms with over $1,000,000 in repairs and upgrades and will be like-new.
PROPERTY TAXES
| Parcel Number | 29647-000-000 | Improvements Assessment | $582,887 |
| Land Assessment | $584,000 | Total Assessment | $1,166,887 |
PROPERTY TAXES
