1806& 1808 Brown Avenue
Panama City, FL 32405
$859,000
Active
Description
🚨 PRICE REDUCED + $25,000 BUYER IMPROVEMENT ALLOWANCE! 🚨 Rare opportunity to acquire two contiguous GC-1 zoned properties in Panama City's Bayview Addition, now offered together at a newly reduced package price of $859,000. The seller is also offering a $25,000 credit at closing to assist with customization, reconfiguration, or tenant improvements or closing costs providing added flexibility for owner-users and investors alike. This unique assemblage combines a modern commercial building with an income-producing residential property, creating multiple income and use scenarios. 1806 Brown Ave features a 3,476 SF building constructed in 2016, offering flexible space suitable for a variety of commercial, professional, medical, salon, or service-based uses. 1808 Brown Ave, built in 2017, is a 2-bedroom, 1-bath residence currently tenant occupied, generating approximately $2,600 per month in rental income. The adjacent parcel also provides valuable additional parking for 1806 and includes a detached garage suitable for office, storage, workshop, or flex space. Together, the properties create a rare opportunity for a business owner seeking a professional campus environment or an investor looking for in-place income and future upside.
Listing details MLS# 998764
Location, Tax and Legal
- Area
- 27 - Bay County
- Sub area
- 2703 - Bay - Central SW
- County
- Bay
- Parcel ID
- 28269-000-000 & 28268-000-000
- Legal description
- Bayview Add Lot 15 Blk 10 Orb 3885 P 2361 79C4
General Property Info
- Property type
- Commercial for Sale
- Acreage
- 0.2
- Lot size (sq ft)
- 8712
Remarks and Misc
- Directions
- Take Hwy 98 east over the bridge and turn left on Brown Ave. The office building will be first and the parking lot and SFH is next door
