Prime Panama City Corner
For Sale
$260,000
1014 Mercedes Avenue, Panama City, FL 32401
2.5-acre corner parcel in Panama City with mixed-use zoning.
Property Size108,900 SF
Lot Size2.50 Acres
Price / SF$2.39
Days on Market168
Property Features for 1014 Mercedes Avenue
General Information
Standard status
Active
Size
108,900 SF
Lot size
2.50 Acres
Property subtype
Land / Commercial / Commercial
Listing Agency:
Beach Haven Realty
Listed By:
Patrick D Pate · License #3437592
(850) 381-7273
Source:
Compass
Added: Apr 27
Changed: Oct 11
Last Checked: Oct 11 at 8:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beach Haven Realty
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
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
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Frequently Asked Questions
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
