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3707 W 23rd St 950 SF Office Building Panama City, FL 32405 $315,000 ($331.58/SF)



Investment Highlights
- 950 SF single-tenant office
- Commercial zoning
- Efficient layout for small business use
- Renovated in 2005
- Dedicated on-site parking
Executive Summary
This charming 950 SF standalone office building offers owner-users a chance to acquire a functional property within central Panama City. Positioned on a 0.10-acre commercially zoned lot, the building offers an efficient single-tenant layout ideal for professional services, boutique firms, or small business operations. A 2005 renovation modernized essential systems while preserving the structure’s character, delivering a blend of style and practicality. The property includes dedicated on-site parking, a significant advantage in this location, and offers quick access to major thoroughfares and surrounding commercial districts. At a competitive $315,000 price point, this asset provides an affordable path to ownership and a means to control long-term occupancy costs in a growing market. Its strategic location ensures visibility for client and employee convenience, making it a compelling choice for users seeking permanence and equity-building potential in the Panama City area.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
950 SF
Building Class
C
Year Built/Renovated
1942/2005
Price
$315,000
Price Per SF
$331.58
Tenancy
Single
Building Height
1 Story
Typical Floor Size
950 SF
Building FAR
0.22
Lot Size
0.10 AC
Zoning
Commercial - Commercial
Parking
2 Spaces (2.11 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 27963-000-000 | Improvements Assessment | $41,918 |
| Land Assessment | $54,000 | Total Assessment | $95,918 |
Property Taxes
Parcel Number
27963-000-000
Land Assessment
$54,000
Improvements Assessment
$41,918
Total Assessment
$95,918
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3707 W 23rd St
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