3510/ 3536 Saint John ST Panama City, FL 32401
65,775 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 65,775 sqft
Price per Sqft $94
MLS Listing ID 990826
Lot Size 1.510 Acres
Acres 1.51
Source Emerald Coast Association of REALTORS®
Property Description
Ownership has invested heavily in the property's infrastructure, including new metal roofs, upgraded electrical panels, and numerous HVAC and water heater replacements, minimizing near-term capital expenditures. Additional revenue is generated through an on-site laundry facility, while a separate office building with storage provides efficient on-site management and operational support.
The community maintains consistently strong occupancy and is further enhanced by an assumable $4.57 million fixed-rate, 3.75% non-recourse loan (subject to lender approval), providing a significant financing advantage in today's interest rate environment.
Ideally located near major employers, schools, shopping, dining, and just minutes from Panama City Beach, the property benefits from strong rental demand in one of Northwest Florida's fastest-growing markets. Steady occupancy and an assumable $4.57M, 3.75% fixed-rate non-recourse loan enhance the investment's strength in today's lending environment. Positioned near major retailers, schools, employment centers, and within minutes of Panama City Beach, the property sits in a high-demand rental corridor with long-term growth potential. A recent price adjustment further improves the opportunity for investors seeking stability and upside.
Location
State FL
County Bay
Area 27 - Bay County
Direction Follow US-98 E and US-98 BUS E to E 2nd St in Springfield. Take Kilbourn Ave to St John St. Both parcels sit on the same side of the street separated by a small SFH parcel so please see both 3510 and 3536 St John
Exterior
Garage No
Building
Faces Follow US-98 E and US-98 BUS E to E 2nd St in Springfield. Take Kilbourn Ave to St John St. Both parcels sit on the same side of the street separated by a small SFH parcel so please see both 3510 and 3536 St John
Others
Pets Allowed No
Tax ID 23388-000-000 & 23389-000-000
