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1818 W 23rd Ct
Panama City, FL 32405

Apna Bazaar · Retail Property For Sale

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Investment Highlights

Fully occupied investment opportunity
Short distance to many national retailers

Cap rate is 6.5%

Executive Summary

• Fully occupied investment opportunity
• Building Size: ±7,311 SF
• Land Size: ±1.09 AC
• Ample parking with 59 parking spaces
• Cap rate is 6.5%
• Directly across from Sam’s Club
• Short distance to many national retailers
• Close to Gulf Coast State College
• Easy access to US-231, 15th St and FL-77
• Traffic Count W 23rd St. : ±33,000
• 2021 Population within 5 miles: ±72,601

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Supermarket

Building Size

7,311 SF

Building Class

Year Built

2003

Price

$2,200,000

Price Per SF

$301

Cap Rate

6.50%

NOI

$143,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

1.09 AC

Zoning

GC 1

Parking

62 Spaces (8.49 Spaces per 1,000 SF Leased)

Frontage

162 FT on W 23rd Ct

Amenities

Dedicated Turn Lane

PROPERTY TAXES

Parcel Number	13187-010-000	Improvements Assessment	$416,022
Land Assessment	$543,500	Total Assessment	$940,818

PROPERTY TAXES

Parcel Number

13187-010-000

Land Assessment

$543,500

Improvements Assessment

$416,022

Total Assessment

$940,818

Learn More About Investing in Retail Properties

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Listing ID: 24628158
Date on Market: 12/8/2021
Last Updated:
Address: 1818 W 23rd Ct, Panama City, FL 32405

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