3510/ 3536 Saint John ST, Panama City, FL 32401
3510/ 3536 Saint John ST, Panama City, FL 32401
3510/ 3536 Saint John ST, Panama City, FL 32401
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$6,225,000
Est. payment /mo
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65,775 SqFt
Active

3510/ 3536 Saint John ST Panama City, FL 32401

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Karri Lindsey

Karri Lindsey

+1(913) 638-7767

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

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

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

Emerald Coast MLS - IDX
Listed by Marcy L O'Donnell Luxe Coastal Realty

NEARBY SCHOOL & BUSINESS

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Karri Lindsey

Karri Lindsey

Broker | License ID: BK3490272

+1(913) 638-7767

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3510/ 3536 Saint John ST

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