USAFLPanama CityBayview Add1806&1808 Brown Ave

1806&1808 Brown Ave, Panama City, FL

Name: 1806&1808 Brown Ave, For Sale in Panama City - Zoocasa
Brand: Luxe Coastal Realty Group LLC
SKU: 786852
Price: 800000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$800,000

000

MLS® 786852

Overview

Key Facts

Type Other

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes

Days Active 200

Approx. Age 2016

MLS® Number 786852

Property Address: 1806&1808 Brown Ave, Panama City, FL, 32401-1061

Average square foot calculated using Size range provided by listing agent.

Description

MAJOR PRICE IMPROVEMENT -- TWO CONTIGUOUS PROPERTIES NOW OFFERED TOGETHER AT $800, 000! Rare opportunity to acquire two GC-1 zoned properties in Panama City's Bayview Addition, combining a modern commercial building with an adjacent property offering additional income, parking, and future commercial potential. 1806 Brown Ave features a 3, 476 SF commercial building constructed in 2016 with a highly flexible layout including 10 private offices, 2 kitchens, 2 bathrooms, and additional storage space. The property is well suited for professional services, medical, executive suites, salon, co-working, or other permitted commercial uses and offers significant lease-up potential for an investor. 1808 Brown Ave adds tremendous flexibility to the package with a 944 SF, 2-bedroom/1-bath single-family home with projected rental potential of approximately $2, 600 per month, plus a separate 575 SF studio currently rented with rental potential of approximately $1, 000 per month. Both structures offer the potential for conversion to commercial use, subject to applicable approvals, giving a future owner the ability to maintain residential income, expand business operations, or create additional professional space. The 1808 parcel also provides valuable additional parking for 1806, further enhancing the functionality of the combined properties. Together, 1806 & 1808 Brown Ave offer an unusually versatile investment: commercial lease-up potential, existing studio income, additional residential income potential, multiple buildings, expanded parking, and future adaptive-use possibilities. Now offered together at $800, 000, this is a compelling opportunity for an investor seeking multiple revenue streams or an owner-user looking to establish a unique multi-building professional campus in central Panama City.

MLS® Number786852

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age2016

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Extras

Map

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