3510/ 3536 Saint John Street, Panama City, FL 32401
$6,243,750 · $189 per sq ft · Multifamily for sale
- Property type: Multi Family
- Asking price: $6,243,750
- Price per sq ft: $189
- Building size: 33,060 sq ft
- Lot size: 2.8 acres
- Zoning: Multi Family
- Year built: 1970
- Units: 50
- Stories: 2
- Tenant pays: Cable TV, Electricity, Janitorial Service
- Parcel ID: 2338800000023389000000
- MLS#: R11145658
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.
Building Features and Utilities
- Cable Available
Operating Statement
| Property taxes | $18,237/yr |
|---|
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
About the Business at 3510/ 3536 Saint John Street
- Included: Building, Land
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
Luxe Coastal Realty Group LLC · MarcyLODonnell@gmail.com · Listing agent: Marcy L O'Donnell
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 3510/ 3536 Saint John Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 3510/ 3536 Saint John Street
- How much is 3510/ 3536 Saint John Street?
- 3510/ 3536 Saint John Street is listed at $6,243,750, about $189 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is 3510/ 3536 Saint John Street zoned?
- The listing reports zoning of Multi Family. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 3510/ 3536 Saint John Street?
- The listing reports 33,060 square feet of building.
- When was 3510/ 3536 Saint John Street built?
- 3510/ 3536 Saint John Street was built in 1970. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- What are the property taxes on 3510/ 3536 Saint John Street?
- The listing reports annual property taxes of $18,237 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
- How do I tour 3510/ 3536 Saint John Street?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
More Commercial Real Estate
See every commercial listing in Panama City or browse Florida commercial real estate.