CASH FLOW INVESTMENT PROPERTY

Special Purpose for Sale
Catylist Listing ID: 30012149
Building Size (RSF): 6,850 SF
Gross Land Area: 0.19 Acres
Sale Price: $180,000
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 6,850 SF
Sale Terms: Cash to Seller
Cap Rate: 9.5%
Last Updated: 8/20/2017

Overview / Comments

Two Adjacent parcels with lease tenants near 15th and Harrison Ave.
REDUCED TO SELL! Long term local tenants, cash flow opportunity.
Contact listing Broker for P&L.

Additional Details

Nearest MSA: Panama City
County: Bay
Taxing Authority: Bay County, FL
Tax ID/APN: 18361-000-000
Zoning: INDUSTRIAL
Property Located Between: Jenks & Harrison Ave.s
Largest Nearby Street: Harrison Ave.
Feet of Frontage: 100
Site Description: One parcel is completely improved with Industrial Laundry as tenant and warehouse space. Second parcel has 166' frontage on 14th St with no permanent improvement, used as outdoor work space for auto repair.
Area Description: Central location on side street connecting Jenks and Harrison Ave.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1950
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Block
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Air Conditioning: Engineered System
Zoning Description: Industrial
Lot Frontage: 100
Lot Depth: 166
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: PETTIS, HERCULES L JR ETAL
Legal Description: SEGLER SUBDIV LOTS 10, 11 BLK 1 ORB 1769 P 1394 ORB 2165 P 2272 MAP 92A1 The legal description shown here may be condensed for assessment purposes. Exact description should be obtained from the recorded deed.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,859 47,004 90,211
Median Age: 40.51 39.51 39.74
Households: 2,819 19,624 37,261
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