1806 Brown Ave, Panama City, FL 32405

Now offered at $599,000, 1806 Brown Avenue presents a compelling opportunity to acquire a modern, value-add professional office building in a central Panama City location. Built in 2016, this 3,476 square foot asset features a highly functional layout with 10 private office suites, two kitchens, two restrooms, and flexible space suitable for a variety of professional, administrative, or service-based uses.

The property is well-positioned for both owner-users and investors, offering the ability to occupy the building while leasing additional suites or fully lease the property to maximize income. Based on market rents for small office suites, the building presents a clear lease-up opportunity with projected strong cash flow at stabilization.

Additional features include a security and camera system throughout and a rear storage area, enhancing operational efficiency and tenant appeal. With modern construction and minimal near-term capital needs, this is a turnkey asset with upside potential.

Additional opportunity available: The adjacent property at 1808 Brown Avenue is also available for purchase, offering additional parking, a second building, and income potential of approximately $2,600/month, creating a rare opportunity to expand into a multi-building professional campus.

Strategically located in central Panama City with convenient access to major roadways, medical offices, and professional services, 1806 Brown Avenue represents a strong opportunity for investors and business owners seeking flexibility, income potential, and long-term value.