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Grace District 445-447 Grace Ave 7,000 SF 100% Leased Retail Building Panama City, FL 32401 $1,950,000 ($278.57/SF) 7.89% Cap Rate
Executive Summary
Rare opportunity to own part of Grace District in Historic Downtown Panama City, FL. Property is multi-tenant and provides income for owner. Additionally, 4,000 SF restaurant space is available to occupy.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
7,000 SF
Building Class
C
Year Built
2024
Price
$1,950,000
Price Per SF
$278.57
Cap Rate
7.89%
NOI
$153,855
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Lot Size
0.22 AC
Opportunity Zone
Yes
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Children's Psychological Services
- Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Children's Psychological Services | Services | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19586-010-000 | Improvements Assessment | $261,801 |
| Land Assessment | $78,400 | Total Assessment | $340,201 |
Property Taxes
Parcel Number
19586-010-000
Land Assessment
$78,400
Improvements Assessment
$261,801
Total Assessment
$340,201
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Grace District | 445-447 Grace Ave
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