Price Check
How this price compares
- List price
- $6,243,750
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 165
This commercial property is listed at $6,243,750. It has been on the market for 165 days.
Estimated monthly payment
$32,814 /mo
Principal and interest only, based on $1,248,750 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $6,243,750
- Days on Site
- 165 Days
- Bedrooms
- 0
- Total Baths
- 50
- Total Sq Ft
- 33,060 sqft
- Lot Size
- 2.8 Acres
- Year Built
- 1970
- Property Type
- Commercial
- MLS #
- R11145658
- Property Tax
- $18,237 (2025)
- County
- Bay
- Status
- Active
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1970
- Levels
- Two
- Lot Size (Acres)
- 2.8
- Total Sq Ft
- 33,060
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- Multi Family
Interior Features
- Cooling
- Wall Window Units
- Heating
- Electric
- Flooring
- Other
Exterior Features
- Roof
- Metal
Community & HOA
- Security
- Fire Sprinkler System
- Utilities
- Cable Available
- Financing Terms
- Assumable / Cash / Conventional
- MLS Area
- 5940 - Other Florida County
About the Area
- Homes for Sale
- 11
- Median List Price
- $400,000
- Median $/Sq Ft
- $300
- Avg Days on Market
- 107
Frequently Asked Questions
- How do I schedule a tour of 3510/ 3536 Saint John Street, Panama City, FL 32401?
- Use the Tour button on this listing to request a showing of 3510/ 3536 Saint John Street, Panama City, FL 32401. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 3510/ 3536 Saint John Street, Panama City, FL 32401 still available?
- 3510/ 3536 Saint John Street, Panama City, FL 32401 is currently listed as Active, and has been on the market 165 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 3510/ 3536 Saint John Street, Panama City, FL 32401?
- With 20% down ($1,248,750) on the $6,243,750 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 3510/ 3536 Saint John Street, Panama City, FL 32401 is about $32,814/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 3510/ 3536 Saint John Street, Panama City, FL 32401?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 3510/ 3536 Saint John Street, Panama City, FL 32401. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 3510/ 3536 Saint John Street, Panama City, FL 32401?
- Often, yes. The right offer on 3510/ 3536 Saint John Street, Panama City, FL 32401 depends on how it's priced against comparable commercial sales in Panama City, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Luxe Coastal Realty Group LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 25, 2026.
$6,243,750
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Listed by Marcy L O'Donnell, Luxe Coastal Realty Group LLC
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