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    224 E 8Th St Panama City, FL 32401

    For Sale
    $230,000

    COMMERCIAL - Panama City, FL

    Lot size:
    0.62 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 10 at 7:06 pm

    Property Features for 224 E 8Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    17668-000-000
    Lot size
    0.62 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Additional Structures
    Garage(s)

    Keller Williams Success Realty (850) 249-0313 [email protected]

    Listing agent Dennis Nelson (850) 249-0313 License #SL3379289

    Listing date Nov 12, 2025

    MLS# 774204 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

    Mixed-Use Land in Panama City

    Located in revitalized Panama City, this mixed-use property comprises five lots on a corner street with alley access. Situated one block from the Downtown Social District, the location offers proximity to restaurants, boutique shopping, special events, and offices. The property is suitable for building homes, townhomes, or a commercial business. Given the limited number of vacation rentals near downtown, this property presents an opportunity for future income generation. Classified as Mixed-Use 2, the property allows for up to six units to be built. Currently, the property includes a 1936 three-bedroom, two-bathroom home with a 2020 roof that needs updates, a 20-foot by 28-foot concrete block garage facing the alley, and a 22-foot by 38-foot concrete block building facing McKenzie Ave. Both outbuildings require repairs. The property is being offered at land value. It is located in Flood Zone X, meaning no flood insurance is required. The lot size is approximately 0.62 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply 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
    -85.658076
    Latitude
    30.162087

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    FAQs

    What type of property is this?
    Mixed-use property - Five lots near downtown Panama City, great for development.
    Where is this mixed-use property located?
    The property is located at 224 E 8Th St Panama City, FL.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - Prime location: One block from Downtown Social District with restaurants, shops, and events.; - Mixed-Use 2 zoning allows for building up to 6 units.; - High income potential due to low number of vacation rentals near downtown.
    (850) 249-0313
    Request Owner's contact information
    224 E 8Th St 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
    224 E 8Th St Panama City, FL 32401
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