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$2,500,000 USD
2532 Joan Avenue
Panama City, Florida 32408
USA
Panama City, Florida 32408
USA
836.1 m2 ::
9,000 sqft
Commercial for Sale, Other Commercial Property
Land size: 0.4 ha ::
1 acres
Sale price per sqm: 2,989.98
Remarks:
FUTURE-PROOF PCB ASSET: 9,000 SF 2022-BUILD WITH 10-STORY VERTICAL POTENTIAL Seize a premier 0.998-acre commercial footprint on Joan Avenue, positioned directly in a high-growth corridor evidenced by a neighboring property trading for $15.4M last year. Built in 2022 to rigorous 140 MPH wind standards, this high-spec complex features 100 feet of prime street frontage and a deep 435-foot lot. The property carries a rare 100-foot height allowance, offering massive potential for future vertical expansion. MAXIMIZED RENTAL POTENTIAL: TURNKEY 6-UNIT INVESTMENT CONFIGURATION This 60' x 150' engineered steel facility is a ''plug-and-play'' multi-tenant opportunity designed to maximize your ROI. The current layout is optimized for high-demand flex use, with the first section serving as 2 premium executive offices, a conference room and public bathroom. While the building already features five sections ready for separation, a small investment of approximately $10,000-$12,000 allows for the addition of two walls and four bathrooms to complete the full 6-unit complex. With two bathrooms already existing and plumbing stubs in place for the remaining four, this property offers a low-cost path to a high-yield, multi-stream rental asset. INDUSTRIAL UTILITY: 53-FOOT TRAILER ACCESS AND 6-GANG POWER Loading is seamless via six 12 x 14 grade-level roll-up doors. Property footprint is designed to accommodate a 53-foot trailer. The 9,000 SF shell maintains an efficient ratio of 8% office to 92% warehouse space, with interior clear heights ranging from 13'7'' to 16'11''. The facility is equipped with a 6-gang electrical meter bank and 600 Amp single-phase power, providing dedicated service points for each of the six potential rental units. The front office has 200 amp service. UNINCORPORATED BAY COUNTY LOCATION: LOWER TAXES AND FEWER RESTRICTIONS Located in Unincorporated Bay County rather than city limits, this property offers a strategic financial advantage with lower property tax rates, set at 5.4362 mills for 2026. Owners benefit from fewer municipal restrictions regarding signage or ''Gateway Overlay'' facade requirements. Standard county setbacks apply here, offering significantly more buildable flexibility than properties bordering strict city-residential zones. STRATEGIC PRICING: ENGINEERED FOR SAFETY AND PROFIT At a listing price of $2.5M, this asset is positioned at approximately $277 per SF, strategically aligned with the early 2026 PCB flex-industrial average of $290-$310 per SF. The property is located in Flood Zone AE with a community-determined base flood elevation (BFE) of 11.0'. Highlighting its superior engineering, the finished floor elevation is set at 12.75', providing 1 foot 9 inches of clearance above the required BFE for enhanced safety and insurance advantages. Buyer to verify height allowance, ISR, and FAR for future development. Current tenant occupies 1500 sq ft and on a month to month lease.
Features:
- Year Built: 2022
- Number of Levels: 1
- Building age: 1-5 years old
- Construction: Steel Frame
- Utilities: City water, Public Sewer
- Heating System: Electric
- Cooling System: Air Conditioning
- Lot Description: Road Access
- Roofing: Metal
- Elementary School: Breakfast Point
Location:
2532 Joan Avenue, Panama City, Florida 32408, USA
Listed By CENTURY 21 Ryan Realty
The Commercial for Sale, Other Commercial Property located at 2532 Joan Avenue, Panama City, Florida 32408, USA is currently for sale. 2532 Joan Avenue, Panama City, Florida 32408, USA is listed for $2,500,000 USD. This property has 9,000 sqft. If the property located at 2532 Joan Avenue, Panama City, Florida 32408, USA isn't what you're looking for, search Florida Real Estate to see other Commercial For Sale in Panama City.
