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2309 Frankford Avenue
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PRICED AT ONLY: $1,299,000

Address: 2309 Frankford Avenue, Panama City, FL 32405

Description

2ea Office Buildings For Sale 3,555 total Sq.Ft 2309 Frankford Ave Panama City FL 32405 Brick Office Building Currently 5 yr Lease Income: $3500.00 monthly $42,000.00 Annually Leased to Pyne Law, built 1999 1871sq.ft. Office Building #2 2104 W 23rd St. Panama City FL 32405 1684sq.ft. Brick Building 5 offices, lobby, Kitchen/break room, Mens & Women's bathrooms, Copier Room, Stock Room & Storage room, covered parking, rear entrance to lockable rear office, ideal for a Doctor or Professional practice. Paved Parking Lot with ample parking, High Traffic Count corner location at lighted intersection on main street thoroufare. Also includes $5,000.00 Annual income for Digital Billboard on edge of property. SALE: $1,299,000 ($364/SF) Owner Financing, flexible 10% down 30yr Mortgage 6.75% APR NET monthly mortgage payment is $3658.mo (Mortage Payment is $7574.mo less $3500.mo Lease Income & less $416.mo Digital Billboard income) EXPENSES: Includes 11.5 KW Solar Panel Photovoltaic System reducing electrical costs to appx $50.mo. Average, Property Tax $421mo ($5056.yr) BOP Business Owners Policy $884mo ($10,603yr) Wifi/Internet $170mo (included paid for one year)

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  • MLS#: 786458 ( CommercialSale )
  • Street Address: 2309 Frankford Avenue
  • Viewed: 3
  • Price: $1,299,000
  • Price sqft: $365
  • Waterfront: No
  • Year Built: 1996
  • Bldg sqft: 3555
  • Days On Market: 16

Description

2ea Office Buildings For Sale 3,555 total Sq.Ft 2309 Frankford Ave Panama City FL 32405 Brick Office Building Currently 5 yr Lease Income: $3500.00 monthly $42,000.00 Annually Leased to Pyne Law, built 1999 1871sq.ft. Office Building #2 2104 W 23rd St. Panama City FL 32405 1684sq.ft. Brick Building 5 offices, lobby, Kitchen/break room, Mens & Women's bathrooms, Copier Room, Stock Room & Storage room, covered parking, rear entrance to lockable rear office, ideal for a Doctor or Professional practice. Paved Parking Lot with ample parking, High Traffic Count corner location at lighted intersection on main street thoroufare. Also includes $5,000.00 Annual income for Digital Billboard on edge of property. SALE: $1,299,000 ($364/SF) Owner Financing, flexible 10% down 30yr Mortgage 6.75% APR NET monthly mortgage payment is $3658.mo (Mortage Payment is $7574.mo less $3500.mo Lease Income & less $416.mo Digital Billboard income) EXPENSES: Includes 11.5 KW Solar Panel Photovoltaic System reducing electrical costs to appx $50.mo. Average, Property Tax $421mo ($5056.yr) BOP Business Owners Policy $884mo ($10,603yr) Wifi/Internet $170mo (included paid for one year)
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Northside
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: 25 3S 15W -20- 79A BEG 50' N & 50 ' W OF SE COR TH W 77.5' N 225' E 88.98' S 225' TO POB ORB 3224 P 1234
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 26750-000-000
  • Possible Use: Commercial
  • The Range: 0.00
Nearby Subdivisions
[no Recorded Subdiv]   Bayview Add   Drummond Park 1st Add   Gulf Coast Medical Plaza   No Named Subdivision   St Andrews Bay Dev Cmp   St Andrews Estate   St. Andrews Bay Dev. Co.  
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