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    612 Mckenzie Ave Panama City, FL 32401

    For Sale
    $499,000

    COMMERCIAL - Panama City, FL

    Lot size:
    0.70 Acres
    Days on Market:
    111
    Last Refresh:
    Dec 14 at 6:06 pm

    Property Features for 612 Mckenzie Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    19819-000-000
    Lot size
    0.70 Acres

    Utilities

    Water source
    Public

    Coldwell Banker Realty (850) 814-0037 [email protected]

    Listing agent Elaine G Fenster (850) 234-6696 License #3419923

    Listing date Aug 26, 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

    Downtown Panama City Commercial Investment

    Located in the downtown district of Panama City, the 0.70-acre commercial investment property on McKenzie Avenue is zoned DTD, aligning with the area's redevelopment vision. The zoning allows for diverse commercial and residential uses, including single or multi-family structures, bars and restaurants, professional offices, open-air retail spaces, cafes, lounges, and specialty food stores. Situated near the corner of 6th Street and McKenzie Avenue, the property benefits from ongoing revitalization efforts. It is located in an Opportunity Zone, offering potential federal tax benefits. This property presents an opportunity to invest in the future growth of Downtown Panama City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm 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
    -85.657921
    Latitude
    30.159458

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    FAQs

    What type of property is this?
    Commercial land - Valuable commercial property in Panama City's growing downtown district.
    Where is this commercial land located?
    The property is located at 612 Mckenzie Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Large .70-acre commercial investment property in downtown Panama City.; - DTD zoning allows for diverse commercial and residential development options.; - Located in an 'Opportunity Zone' offering favorable federal tax benefits.
    (850) 234-6696
    Request Owner's contact information
    612 Mckenzie 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
    612 Mckenzie Ave Panama City, FL 32401
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