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
Est. payment: Skip to Mortgage Calculator
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
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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.
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