2309 Frankford Avenue, Panama City, FL 32405

Property Description

2ea Office Buildings Furnished . $1,199,000 3,555 Total Sq.Ft. Seller Financing 5% DOWN & NET monthly mortgage payment $4399 Building#1 2309 Frankford Ave Panama City FL 32405 Brick Office Building built 1999, 1871sq.ft. Currently 5-yr Lease Income: $3500.00 monthly ($42,000.00yr) Leased to Pyne Law Firm Building #2 2104 W 23rd St. Panama City FL 32405 1684sq.ft. Brick Building, 5 offices, lobby, kitchen/break room, Men's & Women's bathrooms, Copier Room, Stock Room & Storage room, COVERED parking, rear entrance to lockable rear office, ideal for a Professional practice. Paved Parking Lot with ample parking on 15,246 Sq Ft Lot, High Traffic Count corner location at lighted intersection on main street thoroughfare. 2ea Street Signs permitted & installed. Also includes $5,000.00 Annual income for Digital Billboard on edge of property. MLS#786458 - 2309 Frankford Ave, Panama City, FL 32405 $1,199,000 ($337/SF) Owner Financing-5% down, 30yr Mortgage 7.95% APR NET monthly mortgage payment is $4399.mo (30-yr Mortgage Payment is $8318.mo offset by -$3500.mo Lease Income and -$416.mo Digital Billboard income) EXPENSES: FPL Florida Power & Light base charge only $39 monthly. Includes 11.5 KW Solar Panel Photovoltaic System reducing electrical costs to $39 monthly. Property Tax 2026 $421mo ($5056.yr) BOP Business Owners Policy $827.mo ($9,924.yr) Wifi/Internet $170.mo (included paid for the first year)