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5420 Hickory St

21,184 SF Office Building Panama City, FL 32404 $2,400,000 ($113/SF)

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Investment Highlights

Surrounded by numerous residential neighborhoods, providing a steady client base and potential for growth.
Situated near major road S Tyndall Pkwy, ensuring high visibility and convenient access for potential clients.

Offers a private and secure parking area, enhancing convenience and safety for clients and employees alike.
Ideal for a variety of businesses seeking a strategic location with built-in foot traffic and community appeal.

Executive Summary

This property is a prime commercial opportunity located in Panama City, FL, offering 21,184 sqft of under roof space on a 2.5-acre lot. Zoned for mixed use, this property presents an opportunity for a variety of businesses. Fully renovated post-hurricane, it has a new 24-gauge standing seam metal roof and is constructed using red iron clear span beams. This construction allows for interior changes to be easily accomplished. Inside, you will find multiple reception areas, executive offices, and a kitchenette. The open footprint of the building allows for a wide range of uses for a multitude of businesses. A separate entrance on the left side allows for potential subletting. Parking lot accommodates 4 spaces per 1000 sqft with room to expand. All utilities are easily accessible, and open roof access allows for modifications.

5420 Hickory St-Marketing Brochure

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Building Size

21,184 SF

Building Class

Year Built/Renovated

1988/2019

Price

$2,400,000

Price Per SF

$113

Tenancy

Single

Building Height

1 Story

Typical Floor Size

21,184 SF

Building FAR

0.19

Lot Size

2.50 AC

Zoning

Mixed Use - Mixed-Use 1, City of Parker

Parking

100 Spaces (4.72 Spaces per 1,000 SF Leased)

Amenities

Signage

Storage Space

Air Conditioning

Space Availability

1st Floor
21,184 SF
Office/Retail
Partial Build-Out
Now

This fully renovated office building in Panama City offers a versatile space of 21,184 square feet on a 2.5-acre lot, zoned for mixed use. Centrally located, it features ample parking at a ratio of 4 spaces per thousand square feet, with additional room for expansion. The property boasts executive office space with two separate entrances, providing the option to sublet part of the building. The layout is easy to finish to suit specific needs, making it an ideal choice for businesses seeking a flexible and modern workspace.