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    425 Maine Ave Panama City, FL 32401

    For Sale
    $114,000

    LAND - Panama City, FL

    Lot size:
    0.50 Acres
    Days on Market:
    167
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 425 Maine Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    22502-000-000
    Lot size
    0.50 Acres

    Keller Williams Realty- Emerald Coast (850) 654-2900 [email protected]

    Listing agent Mike Herring (850) 321-0917 License #3256219

    Listing date Jul 2, 2025

    Copyright © 2025 Emerald Coast 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 in Millville Business

    Located in the revitalizing Millville Community of Panama City, this cleared corner parcel is situated within the Central Millville Business District. Zoned General Commercial (GC-2), the property offers flexibility for various commercial ventures, including retail, office, service industry, and mixed-use development. The site benefits from dual road frontage and a high daily traffic count of 21,500 vehicles (FDOT, 2017), providing excellent accessibility and exposure. The property is positioned steps from Watson Bayou and offers easy access to Downtown Panama City, major transportation routes, and waterfront attractions. The 0.5-acre lot is ready for development and features two road access points for optimal traffic flow. This location is suitable for investors, developers, or business owners seeking to establish a presence in an area poised for growth. The property is located within a designated business district, fostering economic development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    -85.632515
    Latitude
    30.156612

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    FAQs

    What type of property is this?
    Commercial land - High-visibility corner parcel in Panama City's Millville Community.
    Where is this commercial land located?
    The property is located at 425 Maine Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $114,000.
    What are key features of this property?
    This property features: - High-traffic corner lot with 21,500 daily vehicles ensures maximum visibility.; - Zoned GC-2, allowing for a wide range of commercial uses.; - Cleared and ready for development, saving time and resources.
    (850) 321-0917
    Request Owner's contact information
    425 Maine 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
    425 Maine Ave Panama City, FL 32401
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