Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Concrete, Vinyl Siding

  • Parking

    Paved

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.19

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,010,000

  • Zoning

    City

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Patronis

  • Middle School

    Surfside

  • High School

    Arnold

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Bay

Elementary School

Patronis

Middle School

Surfside

High School

Arnold

Listing Courtesy of Oscar D Forero , Coldwell Banker Realty

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Coastal Vibes Main Office

Sales Team

Coastal Vibes Main Office

Call Coastal Vibes today to schedule a private showing.


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Start 2026 with a strong, stabilized income property at 2605 Redwood Street, a well-maintained duplex consisting of two separate buildings, each featuring two apartments for a total of four units. This turnkey asset is fully leased and positioned to deliver immediate and reliable cash flow.
The property offers a desirable unit mix of spacious 3-bedroom and 2-bedroom apartments, each with 1 bathrooms, appealing to long-term tenants and supporting consistent occupancy. All apartments have been recently renovated. Recent capital improvements significantly enhance the property's value and reduce near-term maintenance, including brand-new flooring throughout, A/C unit is less than 4 years old, the roof was replaced in 2019, part of the siding on each building has been replaced, a newly installed septic tank.
With all apartments currently rented, the property generates an estimated Net Operating Income of $70,000 annually, offering investors an attractive 7% cap rate. The combination of strong in-place income, recent upgrades, and minimal deferred maintenance makes this an ideal acquisition for investors seeking stable returns with limited operational risk.
Whether you're expanding an existing portfolio or entering the multifamily market, 2605 Redwood Street represents a compelling opportunity to secure a high-performing asset in the new year.
No signs on the property, please do not disturb tenants.

2605 Redwood Street

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

The site is positioned in a well-established commercial area with surrounding retail, service, and business uses, making it well-suited for a variety of potential developments, including retail, professional office, service-oriented commercial, or mixed-use concepts (subject to zoning and local approvals). The parcel is currently unimproved, providing a clean slate for development and flexible site planning. With close proximity to major traffic corridors, residential neighborhoods, and the beaches of Panama City Beach, this location benefits from strong area demographics, year-round tourism, and sustained commercial demand. The property lies within the Fire Beach Mosquito Control District and carries no homestead exemption. Property Highlights:  Address: 8304 Panama City Beach Parkway,
#993618

Panama City Beach

8304 Panama City Beach Parkway

None Beds

None Baths

N/A

$1,000,000

MLS#: 993618

Three 50' x 115' lots totaling 0.4 Acres. located at the southeast corner of Upas Street and Beach Drive.----Prime residential and/or Commercial Development Opportunity. Investors, Builders & Entrepreneurs take notice! &#127958;&#65039; An exceptional opportunity awaits on Beach Drive in Panama City Beach, just 900 feet from the Gulf of America! The attached site plan includes five +/-1,800 sq. ft. townhomes. Location: Short walk to the Beach, surrounded by new construction homes, high-rise condos, restaurants, public beach access, and major attractions Not in a flood zone - despite being only steps from the beach! Excellent for commercial, mixed-use, or multifamily development. Zoning & Development Details: Zoning: C-1 Neighborhood Commercial within unincorporated Bay County. Density: Up to 15 units  per acre. Max Building Height: 35 feet. Impervious Surface Ratio: 60%. Floor Area Ratio: 100% Setbacks: 20 ft. front/rear, 5 ft sides. The adjacent Sunny Side Beach Store is also for sale
#990757

Panama City Beach

22, 23, 24 Beach Drive

None Beds

None Baths

N/A

$850,000

MLS#: 990757

Prime Commercial Opportunity in Panama City Beach - 
Location, Visibility, and High Traffic - All in One Package

This high-visibility commercial property perfectly situated in the heart of Panama City Beach, less than 1/4 mile from the shoreline and nestled in one of the area's busiest retail corridors.

This strategic location offers unmatched exposure with steady year-round vehicle and pedestrian traffic, driven by a mix of tourists, beachgoers, and locals. Whether you're launching a retail storefront, restaurant, service business, or professional office, this site delivers the ideal environment to attract and retain customers.

Key Features:
Premier Location: Just 1 block from the beach, with easy access to major roads and public parking

High-Traffic Visibility: Surrounded by well-known hotels, restaurants, and popular beach attractions

Flexible Zoning: Accommodates a range of commercial uses

Well-Established Area: Located in a thriving commercial district frequented by tourists and locals alike

Excellent Signage Potential: Maximize brand exposure to foot and drive-by traffic.

Don't miss this opportunity to do business at the beach!
#776565

Panama City Beach

515 Evergreen Street

None Beds

None Baths

5,915 Sq.Ft.

$1,200,000

MLS#: 776565

Prime Commercial lot almost pad ready on one of the busiest roads in extremely fast growing Panama City Beach. 

Just over 1.1 acres. 

Comes with shared parking  and also has   extra room to add additional parking if needed. 

Power electric box is next to property and water retention is already complete for the entire parcel. 

Has  turning lane into property. 

Sewer and power ready.
#729910

Panama City Beach

11601 Panama City Beach Parkway

None Beds

None Baths

N/A

$899,000

MLS#: 729910

Now available for purchase is this 1.23 acre development site overlooking one of the area's premier Coastal Dune Lakes, Lake Powell. This property is easily accessible to the west end of Panama City Beach as well as a short drive to Santa Rosa Beach and the shopping and entertainment district, 30Avenue.Zoning of this property allows for residential uses up to 15 units/acre and a max building height of 230 feet. A broad range of commercial uses are also available for retail and professional services.
#929465

Panama City Beach

23402 Panama City Beach Parkway

None Beds

None Baths

N/A

$995,000

MLS#: 929465

 - property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.