Asset Type: Real Estate
Estate: Leasehold
Year Built: 1981
Land Area: 6.86 Acres
Property Type: Office
Occupancy %: 0
Year Renovated: 2019
Property Size: 13,132 SF
Investment Highlights
- • Asking price of $3,500,000
- • Approximately 13,132 SF medical office building
- • Potential for multiple medical practices or a larger medical user
- • Opportunity to evaluate owner occupancy with additional medical suite leasing
- • Existing medical office space adaptable to different specialties and practice needs
- • Signalized intersection of Jenks Avenue and Airport Road
- • Located in Panama City’s established medical corridor
- • Near HCA Florida Gulf Coast Hospital and Ascension Sacred Heart Bay
- • On-site parking for patients, providers, and staff
1600 Jenks Avenue | Medical Office Building For Sale
Five Bridges Real Estate is pleased to offer 1600 Jenks Avenue in Panama City, Florida, for sale at an asking price of $3,500,000. The approximately 13,132 SF medical office building presents an opportunity for a medical practice, healthcare group or investor seeking a property in Panama City’s established medical corridor.
A portion of the facility functioned for more than forty years as a Florida State Licensed, Medicare Certified, Ambulatory Surgery Center. It was AAAHC accredited during this time as well. Reestablishing these credentials, subject to applicable requirements and approvals, could provide an opportunity for facility fee income to a tenant or new owner.
The building offers existing medical office space and potential to accommodate multiple practices or a larger medical user. A buyer may evaluate occupying a portion of the property while leasing additional space to complementary healthcare providers, or developing a medical suite leasing strategy suited to different specialties and practice needs. Final suite configurations and improvements will depend on the buyer’s program, existing occupancy, and applicable approvals.
Located at the signalized intersection of Jenks Avenue and Airport Road, the property provides access to the surrounding medical community, nearby services, and major area roadways. HCA Florida Gulf Coast Hospital and Ascension Sacred Heart Bay are nearby. On-site parking supports patient, provider, and staff access.
Contact Five Bridges Real Estate for current floor plans, occupancy information, and a property tour.
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