Office Condo for Sale in Panama City Beach, FL with NNN Lease

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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

Prime commercial office condo in Panama City Beach with high visibility and natural light.
Income-generating property with a 7.4% ROI and $48,000 Net Operating Income, featuring a NNN lease.
Well-maintained and remodeled 2,485 sq ft space with flexible tenant options.

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

Features & Tags

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