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3510/ 3536 Saint John Street, Panama City FL 32401

Commercial For Sale
$6,243,750

BTC: 97.27041495

ETH: 3,541.66903014

199 days
0 room(s)

Overview

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. 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

Florida • Panama City • 32401 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1970
Lot:
2.80 Acres
Heating:
Electric
Price/sqft:
No Data
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$18,237
2025
All facts and features

  • Flooring

    • Other

    Heating

    • Electric

    Cooling

    • Wall/Window Unit(s)

    Other interior features

    • Fire Sprinklers

  • Property

    • Levels: 2

    Lot

    • Lot: 2.80 Acres

    Other Property Information

    • Parcel Number: 2338800000023389000000

    • Zoning: Multi Family

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • Cable Connected

    • Cable Available

  • Other financial information

    • Annual tax amount: $18,237

  • Source details

    • MLS ID: R11145658

    Other facts

    • Water Source: Public

Private inquiry
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More like this

No similar properties found in the area

Market around this address

Live counts in the same area.
View all
This zip
32401
11
median $86K
Active
Same city
Panama City
33
median $210K
Active
Same type
Commercial
4
median $2.1M
Active
Similar price
$4.4M – $8.1M
1
median $6.2M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Luxe Coastal Realty Group LLC