1014 Mercedes Avenue Panama City, FL 32401

Listing office BEACH HAVEN REALTY p***@gmail.com Show Phone

Listing date May 9, 2026

Source Corcoran

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Investment Insights

Based on property information with market context.

This 2.5-acre corner parcel is positioned in a prime location in the heart of Panama City. Zoned Mix Use 3, the property is suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating possibilities for apartments, townhomes, mixed-use concepts, or a live/work community. Extensive due diligence has been completed, including an environmental/ecological site assessment, a GEO-technical engineering report, a boundary and topographical survey, and a wetland survey. With its highly visible corner location and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is positioned for growth and long-term value. This property presents an opportunity in one of the area's most desirable and rapidly growing locations. It is intended for multifamily housing, professional office space, educational facilities, or a mixed-use investment project.

Key Highlights

• 2. 5‑acre corner parcel in a prime Panama City location
• Zoned Mix Use 3, allowing for medium to high‑density residential and commercial development
• Multifamily development potential of up to 20 units per acre

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FAQs

What type of property is this?

Commercial land - 2.5-acre corner parcel in Panama City with mixed-use zoning.

Where is this commercial land located?

The property is located at 1014 Mercedes Avenue Panama City, FL.

What is the asking price?

The asking price for this property is $260,000.

What are key features of this property?

This property features: 2. 5‑acre corner parcel in a prime Panama City location; Zoned Mix Use 3, allowing for medium to high‑density residential and commercial development; Multifamily development potential of up to 20 units per acre