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707 Jenks Ave
Panama City, FL 32401
Office Property For Sale

Investment Highlights

  • Historic Downtown Panama City
  • Two Contiguous Parcels - Almost 1 Acre
  • 100% Occupancy
  • Central Location, Easy & Convenient Access

Property Facts

Property Type
Office
Property Subtype
Medical
Building Size
6,500 SF
Building Class
C
Year Built
2000
Percent Leased
29%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,500 SF
Building FAR
0.16
Lot Size
0.91 AC
Zoning
Downtown District - Excellent location. Near downtown district Marina,hospitals ,and airport. Public transportation near by.
Parking
31 Spaces (4.77 Spaces per 1,000 SF Leased)

Amenities

  • Accent Lighting
  • Reception
  • Central Heating
  • High Ceilings

About 707 JENKS AVE , PANAMA CITY, FL 32401

Income producing opportunity in Downtown Panama City with 100% occupancy and situated on almost 1 acre. Property consist of two separate contiguous parcels and addresses, 705 & 707 Jenks Avenue. 705 Jenks - Includes an older converted home and is leased to a Day Care Center with playground and shared parking. 707 Jenks - Office building was constructed in 2000 with 6 separate suites configured with 4 current tenants (Insurance, Dental, Financial Group and Surveyor/Real Estate Office) occupying 100% of the building. The site combines central location, easy access (Jenks Ave & rear Alley), ample parking and great visibility. The 705 Jenks property has great redevelopment potential to modernize the entire property and increase future income potential. Current combined NOI is $80,967.

Property Taxes

Property Taxes

Parcel Number
20025-000-000
Land Assessment
$148,000
Improvements Assessment
$245,022
Total Assessment
$393,022
  • Listing ID: 18421522

  • Date on Market: 2/5/2020

  • Last Updated:

  • Address: 707 Jenks Ave, Panama City, FL 32401

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