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.
Current real estate data for Commercial in Panama City as of Nov 05, 2026
2
Commercial Listed
335
Avg DOM
$4,823,875
Avg List Price
Listing Provided Courtesy of Luxe Coastal Realty Group LLC at 848-220-5555
Property Details
Price:
$6,243,750
MLS #:
R11145658
Status:
Active
Beds:
0
Baths:
50
Type:
Commercial
Subtype:
Multi Family
Subdivision:
Panama City
Neighborhood:
5940otherfloridacounty
Listed Date:
Dec 5, 2025
Total Sq Ft:
33,060
Lot Size:
5,312,926,080 sqft / 2.80 acres (approx)
Year Built:
1970
Schools
Interior
Cooling
Wall/Window Unit(s)
Flooring
Other
Heating
Electric
Exterior
Building Features
Free Standing
Roof
Metal
Security Features
Fire Sprinkler System
Stories
2
Financial
Tax Year
2025
Taxes
$18,237
Map
Contact Us
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Community
- Address3510/ 3536 Saint John Street Panama City FL
- CityPanama City
- CountyBay
- Zip Code32401
Property Summary
- 3510/ 3536 Saint John Street Panama City FL is a Commercial for sale in Panama City, FL, 32401. It is listed for $6,243,750 To schedule a showing of MLS#r11145658 at 3510/ 3536 Saint John Street in Panama City, FL, contact your Trust House Realty agent at 9543362003.
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3510/ 3536 Saint John Street
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