$6,243,750 USD
Commercial for Sale, 3510/ 3536 Saint John Street, Panama City, Florida 32401
- MLS#RX-11145658
- 50
3,071 m² (33,060 ft²)
Listed By Luxe Coastal Realty Group LLC
The Commercial Property for Sale located at 3510/ 3536 Saint John Street, Panama City, Florida 32401 is currently for sale. 3510/ 3536 Saint John Street, Panama City, Florida 32401 is listed for $6,243,750. This property has 50 bathrooms.
Property features
Property
- Property size:
3,071 m² (33,060 ft²)
Lot/Land
- Land/Lot size:
11,331 m² (2.8 ac)
Construction
- Year built: 1970
- Roofing: Metal
Bathrooms
- Total bathrooms: 50
Security
- Features: Sprinkler System
Heating and Cooling
- Heating system: Electric
Utilities
- Other utilities: City WaterPublic Sewer
Description
This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020--featuring updated flooring, fresh paint, windows, and fixtures--the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility. Major capital improvements include new metal roofs, upgraded electrical panels, and multiple HVAC and water-heater replacements, minimizing near-term CapEx exposure.
Location
3510/ 3536 Saint John Street, Panama City, Florida 32401