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3,486 sqft Retail/Multi-Family Panama City FL 2900 E 5th St 3,486 SF Retail Building Panama City, FL 32401 $560,000 ($160.64/SF) 14.25% Cap Rate
Investment Highlights
- 3,486 SF Mixed-Use Investment Property – Two-building asset featuring retail, restaurant, office, and residential components
- Additional Retail Building – Separate 1,262 SF building currently configured as a tattoo shop, providing diversified tenant opportunities
- Strong Traffic Exposure – Located along a corridor with approximately 19,300 Daily Traffic, delivering excellent visibility and customer access
- Restaurant + Apartment Combination – The primary 2,874 SF building includes a restaurant on the ground floor with a residential apartment above
- Prime Panama City Location – Positioned on E 5th St in Bay County with strong access to surrounding residential neighborhoods and commercial corridors
- Strong Income Potential – Projected gross rent of $6,783/month with estimated NOI of $79,827/year, making it an attractive cash-flow investment.
Executive Summary
Address: 2900 E 5th St Panama City, FL 32401
County: Bay County
Parcel ID: 23300-000-000
Building size: 3,486 sqft
Land size (acre): 0.33
Land size (sqft): 14,375
Layout: 2 Buildings
Sewer: Connected
Water: City Water. Connected
Electric: Connected
Road Access: Yes
Flood Zone: No
Wetlands: No
Opportunity zone: False
Investment Highlights
Rent Info:
Potential Gross Rent: $6,783/month
Potential NOI: $79,827
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: 23300-000-000
Building size: 3,486 sqft
Land size (acre): 0.33
Land size (sqft): 14,375
Layout: 2 Buildings
Sewer: Connected
Water: City Water. Connected
Electric: Connected
Road Access: Yes
Flood Zone: No
Wetlands: No
Opportunity zone: False
Investment Highlights
Rent Info:
Potential Gross Rent: $6,783/month
Potential NOI: $79,827
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
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,486 SF
Building Class
C
Year Built
1947
Price
$560,000
Price Per SF
$160.64
Cap Rate
14.25%
NOI
$79,827
Tenancy
Single
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.33 AC
Zoning
NG
Parking
17 Spaces (4.88 Spaces per 1,000 SF Leased)
Frontage
249’ on E 5th St
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 23300-000-000 | Improvements Assessment | $71,368 |
| Land Assessment | $50,400 | Total Assessment | $121,768 |
Property Taxes
Parcel Number
23300-000-000
Land Assessment
$50,400
Improvements Assessment
$71,368
Total Assessment
$121,768
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3,486 sqft Retail/Multi-Family Panama City FL | 2900 E 5th St
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