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    1011 Grace Ave Panama City, FL 32401

    New
    For Sale
    $244,999

    SINGLE_FAMILY - Panama City, FL

    Type:Office
    Lot size:
    0.19 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1011 Grace Ave

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    18110-000-000
    Accessibility
    Accessible Approach with Ramp
    Lot size
    0.19 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)

    Building Details

    Year built
    1933
    Floors in Building
    1
    Flooring type
    Hardwood
    Building materials
    VinylSiding

    Coldwell Banker Realty (850) 814-0037 [email protected]

    Listing agent Janis L Boatright (850) 234-6696 License #3108776

    Listing date Dec 2, 2025

    Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vintage Charm, Multi-Use Zoned Property

    This property, zoned MU-3 (multi-use), offers both residential and light commercial possibilities, making it suitable for a live/work lifestyle. The property retains much of its original character, including heart-pine hardwood floors. Thoughtful updates have already been completed. The flexible layout allows conversion to a primary residence, second home, or investment property. There is ample parking in the front and rear with alley access. There is room to expand toward the alley for added space or functionality. The surrounding area features new construction. The property is situated in Panama City, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marvin Porter, EDD Counselor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.661758
    Latitude
    30.166532

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    FAQs

    What type of property is this?
    Mixed-use property - Restored property with residential and light commercial potential.
    Where is this mixed-use property located?
    The property is located at 1011 Grace Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $244,999.
    What are key features of this property?
    This property features: - MU-3 zoning allows for both residential and light commercial use, ideal for a live/work setup or investment.; - Lovingly restored with original character retained, including **heart-pine hardwood floors**.; - Ample parking in front and rear with alley access.
    (850) 234-6696
    Request Owner's contact information
    1011 Grace Ave Panama City, FL 32401
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    Panama City, FL 32401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1011 Grace Ave Panama City, FL 32401
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