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- 2532 Joan Avenue, Panama City, FL 32408
Active
Property Photos
- MLS#: 785853 ( CommercialSale )
- Street Address: 2532 Joan Avenue
- Viewed: 2
- Price: $2,500,000
- Price sqft: $278
- Waterfront: No
- Year Built: 2022
- Bldg sqft: 9000
- Days On Market: 27
- Additional Information
- Geolocation: 30.1736 / -85.7889
- County: BAY
- City: Panama City
- Zipcode: 32408
- Subdivision: Lagoon Heights
- Elementary School: Breakfast Point
- Middle School: Breakfast Point
- High School: Arnold
- Provided by: CENTURY 21 Ryan Realty Inc
- DMCA Notice
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DescriptionFuture proof pcb asset: 9,000 sf 2022 build with 10 story vertical potential seize a premier 0. 998 acre commercial footprint on joan avenue, positioned directly in a high growth corridor evidenced by a neighboring property trading for $15. 4m last year. Built in 2022 to rigorous 140 mph wind standards, this high spec complex features 100 feet of prime street frontage and a deep 435 foot lot. The property carries a rare 100 foot height allowance, offering massive potential for future vertical expansion. Maximized rental potential: turnkey 6 unit investment configuration this 60' x 150' engineered steel facility is a ''plug and play'' multi tenant opportunity designed to maximize your roi. The current layout is optimized for high demand flex use, with the first section serving as 2 premium executive offices, a conference room and public bathroom. While the building already features five sections ready for separation, a small investment of approximately $10,000 $12,000 allows for the addition of two walls and four bathrooms to complete the full 6 unit complex. With two bathrooms already existing and plumbing stubs in place for the remaining four, this property offers a low cost path to a high yield, multi stream rental asset. Industrial utility: 53 foot trailer access and 6 gang power loading is seamless via six 12 x 12 grade level roll up doors. Property footprint is designed to accommodate a 53 foot trailer. The 9,000 sf shell maintains an efficient ratio of 8% office to 92% warehouse space, with interior clear heights ranging from 13'7'' to 16'11''. The facility is equipped with a 6 gang electrical meter bank and 600 amp single phase power, providing dedicated service points for each of the six potential rental units. The front office has 200 amp service. Unincorporated bay county location: lower taxes and fewer restrictions located in unincorporated bay county rather than city limits, this property offers a strategic financial advantage with lower property tax rates, set at 5. 4362 mills for 2026. Owners benefit from fewer municipal restrictions regarding signage or ''gateway overlay'' facade requirements. Standard county setbacks apply here, offering significantly more buildable flexibility than properties bordering strict city residential zones. Strategic pricing: engineered for safety and profit at a listing price of $2. 5m, this asset is positioned at approximately $277 per sf, strategically aligned with the early 2026 pcb flex industrial average of $290 $310 per sf. The property is located in flood zone ae with a community determined base flood elevation (bfe) of 11. 0'. Highlighting its superior engineering, the finished floor elevation is set at 12. 75', providing 1 foot 9 inches of clearance above the required bfe for enhanced safety and insurance advantages. Buyer to verify height allowance, isr, and far for future development. Current tenant occupies 1500 sq ft and on a month to month lease.
Property Location and Similar Properties
All
Similar
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Covered Spaces
- 0.00
Exterior Features
- RainGutters
Flooring
- Concrete
Garage Spaces
- 0.00
High School
- Arnold
Insurance Expense
- 0.00
Legal Description
- 6 4S 15W -11.241- BEG 337.5' E & 1060' S OF NW COR OF NE1/4 OF NW1/4 TH E 434.5' S 100' W 434.5' N 100' TO BEG AKA LOTS 8 & 20 UNR PLAT LAGOON HTS BLK 4 MAP 58B2 ORB 4212 P 221
Levels
- One
Living Area
- 0.00
Middle School
- Breakfast Point
Area Major
- 03 - Bay County - Beach
Net Operating Income
- 0.00
Occupant Type
- Occupied
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 30231-000-000
Pet Deposit
- 0.00
Possible Use
- Industrial
Property Type
- CommercialSale
Roof
- Metal
School Elementary
- Breakfast Point
Security Deposit
- 0.00
The Range
- 0.00
Township
- 4 S
Trash Expense
- 0.00
Year Built
- 2022
Disclaimer: All information provided is deemed to be reliable but not guaranteed.
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Listings provided courtesy of The Hernando County Association of Realtors MLS.
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The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on March 25, 2026 @ 12:00 am
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