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2532 Joan Avenue
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PRICED AT ONLY: $2,500,000

Address: 2532 Joan Avenue, Panama City, FL 32408

Description

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.
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  • MLS#: 785853 ( CommercialSale )
  • Street Address: 2532 Joan Avenue
  • Viewed: 1
  • Price: $2,500,000
  • Price sqft: $278
  • Waterfront: No
  • Year Built: 2022
  • Bldg sqft: 9000
  • Days On Market: 5
  • Acreage: 1.00 acres
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: RainGutters
  • Flooring: Concrete
  • Living Area: 0.00
  • Roof: Metal
School Information
  • High School: Arnold
  • Middle School: Breakfast Point
  • School Elementary: Breakfast Point
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: 6 4S 15W -11.241- BEG 337.5' E & 1060' S OF NW COR OF NE1/4 OF NW1/4 TH E 434.5' S 100' W 434.5' N 100' TO BEG AKA LOTS 8 & 20 UNR PLAT LAGOON HTS BLK 4 MAP 58B2 ORB 4212 P 221
  • Levels: One
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Occupied
  • Parcel Number: 30231-000-000
  • Possible Use: Industrial
  • The Range: 0.00

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