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    1515 N Mlk Blvd Panama City, FL 32405

    For Sale
    $170,000

    COMMERCIAL - Panama City, FL

    Lot size:
    0.50 Acres
    Days on Market:
    217
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 1515 N Mlk Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    14529-000-000
    Lot size
    0.50 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Think Real Estate (850) 890-6262 [email protected]

    Listing agent Scott X Wang (850) 270-4200 License #SL3529176

    Listing date May 12, 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

    Commercial Land on Highway 77

    This property features a 0.50-acre commercial land parcel situated along Highway 77, near the intersection of Highway 77 and 15th Street. The lot has been cleared and is ready for development. Setbacks are 15 feet in the front, 20 feet in the rear, and 5 feet on the sides.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.650562
    Latitude
    30.176267

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    FAQs

    What type of property is this?
    Commercial land - Cleared commercial land ready for development near Hwy 77.
    Where is this commercial land located?
    The property is located at 1515 N Mlk Blvd Panama City, FL.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: - Prime commercial location fronting Hwy 77.; - Cleared and ready for development.; - .50 acre lot size.
    (850) 270-4200
    Request Owner's contact information
    1515 N Mlk Blvd Panama City, FL 32405
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    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
    1515 N Mlk Blvd Panama City, FL 32405
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