16901 PANAMA CITY BEACH PKWY, Panama City Beach, FL 16901 - For Sale

Bank Leased Building through July, 2019. Property has a triple net lease in excess of $300,000 per year through July, 2019. Three story office building sub-dividable and ADA compliant. Property includes adjoining vacant lot and has approximately 70 to 90 parking spaces and two handicap spaces. Property is currently zoned commercial or Commercial High Intensity within the City of Panama City Beach. Financial information can be provided upon request. Property includes Tax Parcel Number #33478-050-000 and Tax Parcel #33478-010-000. Income and Operating Statements can be provided upon request. Future development ideas for property include conversion to a commercial condominium with the sale of the individual floors or sell the first floor to a bank/financial institution and sell the upper floors or keep for future income property. Property has a visible and high traffic count between Highway 79 and Pier Park. One of the busiest locations on the beach. Call for more information or development ideas.