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    1035 E 23Rd St Panama City, FL 32405

    Picture of Commercial land at E 23Rd St 1035, Panama City, FL
    For Sale
    $454,900

    COMMERCIAL - Panama City, FL

    Days on Market:
    81
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 1035 E 23Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    12987-000-000

    Coastal Sun Realty LLC (850) 249-2050 [email protected]

    Listing agent Marco Cooper (850) 249-2050 License #3154198

    Listing date Sep 18, 2025

    MLS# 750159 Listing URL

    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

    Prime Commercial Land on 23rd

    This commercial land is located on 23rd Street in Panama City, Florida, offering high traffic and visibility. Situated on the left before I Hopp and at the corner of Mercedes Street, it is in front of 'Days Inn Suites'. The land is suitable for development of an office building, oil change business, or numerous other possibilities. The seller is open to dividing the parcel in front of the Hotel. Lots and commercial land are scarce on 23rd Street. The land is high and dry and ready to build. Land section measurements are approximate and should be verified by Buyer or Agent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Days Inn by ... Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.642064
    Latitude
    30.190166

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    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial land on 23rd Street, ready for development.
    Where is this commercial land located?
    The property is located at 1035 E 23Rd St Panama City, FL.
    What is the asking price?
    The asking price for this property is $454,900.
    What are key features of this property?
    This property features: - High-traffic location on 23rd Street with excellent visibility.; - Scarce commercial land availability on 23rd Street.; - Land is high and dry and ready for construction.
    (850) 249-2050
    Request Owner's contact information
    1035 E 23Rd St Panama City, FL 32405
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    1035 E 23Rd St
    Panama City, FL 32405
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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
    1035 E 23Rd St Panama City, FL 32405
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