Zoned Corner Commercial Land
For Sale
$260,000
1014 Mercedes Avenue, Panama City, FL 32401
COMMERCIAL - Panama City, FL
Property SizeContact for details
Lot Size2.50 Acres
Days on Market89
Property Features for 1014 Mercedes Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Resid Single Family, Resid Multi-Family, City, Business
Subdivision
No Named Subdivision
Directions
Traveling on MLK Blvd., East on E. 11th St. the lot will be on your right on the corner of Mercedes Ave. and E. 11th St.
Standard status
Active
APN
16536-000-000
Lot size
2.50 Acres
Taxes and HOA fees
Tax Description
4 4S 14W -76- 69A BEG 60' E OF NE COR OF BLK 1 GLENWOOD ADD TH S 330' EAST TO BAYOU NLY 330' M/L TO THE SLY R/W OF 11TH ST TH RUN WLY TO POB ORB 4505 P 2299
Legal Description
4 4S 14W -76- 69A BEG 60' E OF NE COR OF BLK 1 GLENWOOD ADD TH S 330' EAST TO BAYOU NLY 330' M/L TO THE SLY R/W OF 11TH ST TH RUN WLY TO POB ORB 4505 P 2299
Listing Agency:
Beach Haven Realty
(770) 596-6599
Listed By:
Patrick D Pate · License #3437592
(850) 381-7273
Added: May 8
Changed: Jul 15
Last Checked: Aug 4 at 10:06AM
MLS# 789657
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This offering is a 2.5-acre commercial land parcel with corner positioning at 1014 Mercedes Avenue, Panama City, FL 32401. The site is described as being located in an opportunity zone and is zoned Mix Use 3.
The property is presented as suitable for medium to high-density residential development along with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities are described as allowing up to 20 units per acre.
Prospective buyers are advised that extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and a wetland survey. All measurements and items of importance are to be confirmed by buyer or buyer agent.
The property is presented as suitable for medium to high-density residential development along with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities are described as allowing up to 20 units per acre.
Prospective buyers are advised that extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and a wetland survey. All measurements and items of importance are to be confirmed by buyer or buyer agent.
Key Highlights
- 2.5‑acre corner parcel in Panama City, located in an opportunity zone
- Zoned Mix Use 3 for medium to high‑density residential plus professional offices, educational facilities, and low‑intensity neighborhood commercial uses
- Multifamily development allowance up to 20 units per acre
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.5-acre corner parcel in an opportunity zone, zoned Mix Use 3 for mixed residential and low-intensity commercial uses.
Where is this commercial land located?
The property is located at 1014 Mercedes Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2.5‑acre corner parcel in Panama City, located in an opportunity zone; Zoned Mix Use 3 for medium to high‑density residential plus professional offices, educational facilities, and low‑intensity neighborhood commercial uses; Multifamily development allowance up to 20 units per acre
