Office Condo for Sale in Panama City Beach, FL with NNN Lease
Financial Details
- Asking Price:
- $649,000
- Cash Flow / SDE:
- $48,000
- Profit Metric:
- Net Operating Income
- Valuation Multiple:
- 13.5x
- Location:
- Panama City Beach, FL, US
- Source:
- Date:
- September 16, 2025
Key Highlights
Description
This offering presents a prime commercial office condo located in Panama City Beach, Florida. The end unit boasts excellent visibility, abundant natural light, and has been recently remodeled, ensuring it is in fantastic condition. Situated in a busy plaza with diverse businesses, this 2,485 sq ft condo features a large reception area, four spacious offices, a substantial conference room, a laundry room with washer and dryer, ample storage, and bathrooms. The property is currently leased to a vacation rental/property management company with two years remaining on a NNN lease. The tenant is flexible and can either continue the lease or vacate upon sale, offering flexibility to the new owner. The owner is a licensed Real Estate Agent in Florida. This property represents a strong investment opportunity with a stated 7.4% ROI and $48,000 Net Operating Income.
Industry Information
- Industry Description:
- Commercial Real Estate
- Classification:
- Building & Construction
Operational Snapshot
- Year Established:
- 1984
Real Estate & Lease
- Status:
- For_sale
- Real Estate Price:
- $649,000 USD
- Lease Expiration:
- 2025
Assets & Inventory
- Includes FF&E:
- Yes
Listing Details
- Listing ID:
- ff0e6a12-7e85-4387-b7e2-cb4610decc35
- Deal Status:
- For Sale
- Date Posted:
- October 30, 2023
- Last Updated:
- September 16, 2025
- Currency:
- USD