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309 E 23rd St
Panama City, FL 32405
Planet 13 -Panama City · Retail Property For Sale
Investment 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
- 2.5% annual rent increases throughout the remainder of the term including renewal options
- Located next to the Shops at Bay City Point, ranked in the Top 1% of shopping centers in Florida for annual visits (Placer AI)
- The building was recently renovated by the Tenant in 2024
- 8.24% blended Cap Rate over the Initial Term
- Panama City MSA is the #2 Fastest Growing MSA by Percent Growth in 2024 (www.census.gov)
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
1,500 SF
Building Class
B
Year Built/Renovated
1989/2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.24 AC
Zoning
GC 1 - General Commercial
Parking
11 Spaces (7.33 Spaces per 1,000 SF Leased)
Frontage
81’ on E 23rd St
Property Taxes
| Parcel Number | 12976-032-000 | Improvements Assessment | $268,616 |
| Land Assessment | $262,449 | Total Assessment | $531,065 |
Property Taxes
Parcel Number
12976-032-000
Land Assessment
$262,449
Improvements Assessment
$268,616
Total Assessment
$531,065
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