Lynn Haven Commerce Center for Sale and Lease

Retail-Commercial for Sale
Catylist Listing ID: 30294272
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Other
Building Size (RSF): 15,204 SF
Gross Building Area: See Agent
Gross Land Area: 3.90 Acres
Sale Price: $1,600,000
Unit Price: $105.24 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/26/2018

Overview / Comments

Lynn Haven Commerce Center is located in the heart of Lynn Haven's CBD, adjacent and south of Super Wal-Mart with direct access to Highway 77 and a median-cut. The 3.9 acre site includes 2 existing buildings and pad sites for 3 more buildings. Building I (south building) has 7,058 sq. ft. built-out and ready for occupancy. Suite 101 & 102 (3,670 sq. ft. is available in July) at $9NNN plus operating expenses. The remaining 3,567 sq. ft. is unfinished shell space. Building II (north) has 1,905 sq. ft. finished with 8,720 sq. ft. unfinished. At $1.4M, it is only $60.94 per sq. ft. and there are 3 additional pad sites for future buildings. This is an ideal value-add investment opportunity or for an owner occupant who could lease any excess space and have room to grow. The sellers would also consider financing qualified buyers

Additional Details

Nearest MSA: Panama City
County: Bay
Retail Clientele: General, Family, Business
Area Description: Lynn Haven Professional Center is located in the heart of Lynn Haven's Central Business District. Adjacent to, and south of, Super Wal-Mart and north of the Post Office. Enter from Highway 77. Turn east on the drive between Trustmark Bank and KFC. There is a median-cut at the Highwa
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,046 42,483 77,516
Median Age: 34.92 38.98 39.57
Households: 3,319 17,034 31,635


Photograph of Listing Agent

Christopher McCall

Counts Real Estate Group Gulf Coast CMLS Member
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