Commercial for Sale: 1000 Transmitter, Panama City, FL 32401

$1,390,000
$1,390,000
1000 Transmitter, Panama City, FL 32401
$1,390,000
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Price:
$1,390,000

Type Commercial
Year Built 1986

City Panama City
County Bay
Subdivision No Named Subdivision
Situated at 1000 Transmitter Rd, this property unveils a compelling investment opportunity featuring ten extensively renovated two-bedroom, one-bathroom units, each approved for Section 8 rentals at an attractive rate of $1300 per unit. Boasting contemporary amenities, including full-sized kitchens, washer and dryer hookups, separate metering, a 2019-permitted roof, 2020 water heaters, 2020 HVAC (excluding condensers), a new deck, updated sewer lines, wiring, and a refurbished parking lot with ample tenant parking, these 830 sqft units epitomize modern living. Nestled in the heart of Bay County, Florida, the city of Panama City has experienced a remarkable population surge, reaching 36,775 residents in 2023--a 12.27% increase since the 2020 census. With an annual growth rate of 3.93%, Panama City stands as a testament to economic resilience, offering compelling prospects for both residents and businesses. The city's average household income of $70,585 fosters financial well-being in the community. Additionally, the recent boost in military construction funding for Tyndall Air Force Base, reaching an impressive $3.4 billion, not only marks a pivotal moment in the base's recovery from Hurricane Michael but is expected to drive job growth and housing demand in the surrounding area, painting a promising economic landscape. As Tyndall AFB transforms into an ''installation of the future,'' this property at 1000 Transmitter Rd becomes not just a home but a strategic investment within a thriving community poised for economic revitalization. Parcels include 15029-085-000, 15029-085-001, & 15029-085-002

Lot & Building Features

Appliances Electric Water Heater
Cooling Central Air, Electric
Heating Central, Electric

Community and Schools

Elementary School Parker
Junior High School Everitt
Senior High School Rutherford

Map of 1000 Transmitter, Panama City, FL

Location Map Street View
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1000 Transmitter (MLS #759895) is a commercial listing located in Panama City, FL. This property was listed on 07/13/2024 and has been priced for sale at $1,390,000.

Nearby zip codes are 32404, 32405 and 32444. This property neighbors other cities such as Callaway, Lynn Haven, Parker and Springfield.

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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