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401 E 23rd St
Panama City, FL 32405
23rd Street Plaza · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,302 SF
Building Class
B
Year Built
2005
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
3.44 AC
Zoning
C-2 - General Commercial
Parking
200 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Signage
- Signalized Intersection
About 401 E 23RD ST , PANAMA CITY, FL 32405
23rd Street Plaza is a shadow strip center within the Home Depot Power Center on 23rd Street. The 17,302 square foot building is 100% occupied. The current Net Operating Income is $202,590, which equates to a 9.0% Cap Rate at the $2.25M sale price. Easy access via the signalized intersection of 23rd Street and Wilson Avenue, which is the main entrance to the Center. Additional ingress and egress to Harrison Avenue and via easements to Highway 77. Detailed financials and lease terms available upon request and execution of a confidentiality agreement.
Property Taxes
| Parcel Number | 12976-070-000 | Improvements Assessment | $943,574 |
| Land Assessment | $1,195,250 | Total Assessment | $2,138,824 |
Property Taxes
Parcel Number
12976-070-000
Land Assessment
$1,195,250
Improvements Assessment
$943,574
Total Assessment
$2,138,824
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