400 E 15th St | Panama City, FL 32405
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- LoopNet Team
400 E 15th St
Panama City, FL 32405
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Commercial Corridor: Situated on East 15th Street (U.S. Highway 98), a major east-west arterial road in Panama City
- High Traffic Counts: Benefiting from consistent vehicular traffic due to its location on a primary thoroughfare connecting residential and commercial
- Private Equity Backed Tenant: Classic Collision was purchased by the 4th largest PE firm in the world, TPG in April of 2024.
- Proximity to Major Retailers: Close to national retailers and service providers, enhancing customer traffic and business synergy
- Strong National Tenant: Classic Collision is a leading and rapidly growing auto body repair brand with a strong national presence.
- Corporate Guarantee NN+ Lease with ±9.75 Years of Term Remaining: The landlord responsibilities are limited to the Roof and Structure, Parking
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
8,280 SF
Building Class
C
Year Built/Renovated
1997/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.04 AC
Zoning
GC 1 - General Commercial
Parking
25 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Fenced Lot
PROPERTY TAXES
| Parcel Number | 16651-020-000 | Improvements Assessment | $103,808 |
| Land Assessment | $182,265 | Total Assessment | $286,073 |
PROPERTY TAXES
Parcel Number
16651-020-000
Land Assessment
$182,265
Improvements Assessment
$103,808
Total Assessment
$286,073
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