2420 Jenks Avenue offers investors the opportunity to acquire a fully leased commercial property in Panama City, Florida. The asset consists of approximately 22,000 square feet across three buildings situated on two parcels (Bay County Parcel ID's 13016 122 000 and 13016 122 070).
The improvements include two buildings totaling 8,000 RSF each and one building of approximately 6,000 RSF. The property is currently 100% leased, providing immediate in place income.
Recent capital improvements include new roofs installed in 2022. The property is being offered at an 8.63% cap rate and owner financing is available.
2420 Jenks Avenue is located in a well established commercial corridor in Panama City with convenient access to surrounding business districts and major transportation routes.
2420 Jenks Avenue offers investors the opportunity to acquire a fully leased commercial property in Panama City, Florida. The asset consists of approximately 22,000 square feet across three buildings situated on two parcels (Bay County Parcel ID's 13016 122 000 and 13016 122 070).
The improvements include two buildings totaling 8,000 RSF each and one building of approximately 6,000 RSF. The property is currently 100% leased, providing immediate in place income.
Recent capital improvements include new roofs installed in 2022. The property is being offered at an 8.63% cap rate and owner financing is available.
2420 Jenks Avenue is located in a well established commercial corridor in Panama City with convenient access to surrounding business districts and major transportation routes.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
School Information
High School: Bay
Middle School: Jinks
School Elementary: Hiland Park
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: 29 3S 14W -19.22- 91A ST AND BAY DEV CO PLAT BEG 210.3' S OF INTER OF E R/W JINKS AVE & N LINE LOT 111 FOR POB TH CONT S 124.99' E 225' S 105' W 225' S 25' E 250' SELY 141.71' NELY 76.24' NELY 48.88' SELY 0.81' N 231.51' W 513.58' TO POB BEING PART O F LOTS 111 & 114 ORB 1935 P 1798 LESS -19.22H-
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