Commercial for Sale: 116 Springfield, Panama City, FL 32401

$605,000
$605,000
116 Springfield, Panama City, FL 32401
$605,000
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Price:
$605,000

Type Commercial
Year Built 1952

City Panama City
County Bay
Subdivision [No Recorded Subdiv]
Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury vinyl plank flooring, as well as new kitchen cabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficientmanagement. This property is an excellent addition to any investment portfolio. As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is also listed for sale at 65,000, (MLS 766435) providing an ideal opportunity for additional development or other creative uses. Schedule your private showing today with your preferred real estate professional!

Lot & Building Features

Construction Materials Brick, Vinyl Siding
Cooling Window Units
Sewer Public Sewer
Water Source Public
Lot Dimensions 154x100x154x101

Community and Schools

Elementary School Cherry Street
Junior High School Everitt
Senior High School Rutherford

Map of 116 Springfield, Panama City, FL

Location Map Street View
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116 Springfield (MLS #766434) is a commercial listing located in Panama City, FL. This property was listed on 12/21/2024 and has been priced for sale at $605,000.

Nearby zip codes are 32404, 32405 and 32409. This property neighbors other cities such as Callaway, 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.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: