REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 800,000
Est. payment | /mo
4,286 SqFt
$ 800,000
Est. payment | /mo
4,286 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,286 sqft
Price per Sqft $186
Subdivision Bayview Add
MLS Listing ID 786852
HOA Y/N No
Year Built 2016
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Other
Property 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.
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.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Exterior
Private Pool No
Schools
Elementary Schools Lucille Moore
Middle Schools Jinks
High Schools Bay
Others
Tax ID 28268-000-000 & 28269-000-000
Special Listing Condition Listed As-Is
Listed by Luxe Coastal Realty Group LLC
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "