Listed by Luxe Coastal Realty, Luxe Coastal Realty Group LLC
$875,000
1806&1808 Brown Avenue
Details
APN 28268-000-000 & 28269-000-000
Property Type Special Purpose
Sub Type Other
Square Footage 4,286
Pro-Forma Cap Rate 8.57%
Pro-Forma NOI $75,000
Year Built 2016
Acreage 0.400
Special Purpose | 4,286 SqFt
Marketing description
Rare opportunity to purchase two contiguous GC-1-zoned properties in the Bayview Addition of Panama City, offered together at a discounted package price. This flexible assemblage combines a modern warehouse facility with a newer single-family residence, creating multiple income and use scenarios. 1806 Brown Ave features a 3,476 SF warehouse building constructed in 2016 with metal construction, office areas, and paved access—ideal for a variety of commercial or service-based uses.
1808 Brown Ave, built in 2017, is a 2-bedroom, 1-bath single-family home currently tenant-occupied with strong rental income in place. The property also provides valuable additional parking for 1806 and includes a detached garage suitable for office, storage, or flex space. Upon vacancy, the residence may also support future commercial or mixed-use use, subject to buyer verification. Together, the properties offer approximately 17,424 SF of combined land, allowing buyers to operate, generate income, or reposition both assets long-term. Properties may be purchased individually or as a discounted package. Combination sale strongly preferred. Buyer to verify zoning and intended use.
Listing Contacts
Listed by Luxe Coastal Realty, Luxe Coastal Realty Group LLC
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