1014 Mercedes Avenue, Panama City, FL 32401

Listing agent Patrick D Pate License #3437592 Show Phone

Listing office Beach Haven Realty m***@remax.net 1611 Dayflower Drive, FL Show Phone

Listing date May 8, 2026

Report an issue

MLS# 789657 Listing URL

Copyright © 2026 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

This offering is a 2.5-acre commercial land parcel located at 1014 Mercedes Avenue in Panama City, Florida. The property’s key attributes are its corner configuration and its development groundwork, which includes an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and a wetland survey. Buyer and buyer agent should confirm all measurements and matters of importance as part of due diligence.

The site is identified as being located in an opportunity zone. Zoning is listed as Mix Use 3, which the seller states is suited for medium to high-density residential development alongside professional offices, educational facilities, and low-intensity neighborhood commercial uses. The seller also notes multifamily development opportunities allowing up to 20 units per acre, with potential for apartments, townhomes, mixed-use concepts, or a live/work community.

For tenants and developers, the practical value here is flexibility within a mixed-use framework, paired with existing site and environmental studies that can help streamline early planning. The seller is currently under contract and accepting backup offers, so timing may be a consideration for buyers who want to move quickly through initial review.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Panama City

County

Walton

State

Florida

Longitude

-85.645592

Latitude

30.1672

Nearby Similar for Sale

• 

  $2,500,000

  11,171 SF

  Versatile Commercial Property in Panama City

  Showroom, warehouse, and office space in a strategic location.

  1331 Harrison Avenue, Panama City, FL 32401

  View Details
• 

  $1,500,000

  9,050 SF

  Three-Building Flex and Industrial Campus

  A 9,000+ SF heated, multi-office flex campus with gated storage, abundant parking, and room to scale for growing operations.

  2901 W 17th Street, Panama City, FL 32405

  View Details
• 

  $775,000

  1,708 SF

  Historic Panama City Mixed-Use Property

  Custom property on a large lot, suitable for multiple commercial uses.

  854 Magnolia Avenue, Panama City, FL 32401

  View Details
• 

  $724,000

  5,222 SF

  Six-Unit Income Producing Property

  Turnkey six-unit rental portfolio on a corner lot with recently remodeled interiors and newer roof improvements.

  119 College Avenue, Panama City, FL 32401

  View Details
• 

  $959,900

  5,026 SF

  Panama City Commercial Corner Parcel

  Large commercial parcel on a main corridor to the beaches.

  1040 W 15th Street, Panama City, FL 32401

  View Details
• 

  $724,000

  5,222 SF

  Income-Producing Multi-Family Panama City

  Six rental units generating over $82,000 in gross annual income.

  119 College Avenue, Panama City, FL 32401

  View Details
• 

  $595,000

  3,375 SF

  Auto Shop with Service Bays

  Move-in ready auto shop with service bays, office space, and substantial frontage for everyday commercial visibility.

  1900 N East Avenue, Panama City, FL 32405

  View Details
• 

  $1,175,000

  7,574 SF

  Remodeled Office Space with Land

  Centrally located office space with remodeled interiors and vacant land.

  1108 School Avenue, Panama City, FL 32401

  View Details
• 

  $395,000

  1,674 SF

  Turnkey Commercial Space, High-Visibility Location

  Move-in-ready commercial space in a high-traffic area near downtown.

  316 W 11th Street, Panama City, FL 32401

  View Details
• 

  $1,185,000

  2,720 SF

  Waterfront Multifamily Property with Boat Slips

  Updated waterfront multifamily property in Panama City with income potential.

  6722 S Lagoon Drive, Panama City, FL 32408

  View Details
• 

  $650,000

  3,100 SF

  Versatile Commercial Building Near Downtown

  Spacious commercial building near downtown with 10 bedrooms and 8 baths.

  722 N Martin Luther King Junior Boulevard, Panama City, FL 32401

  View Details
• 

  $2,230,000

  5,156 SF

  Turnkey Vacation Rental Duplex

  Brand-new duplex designed for vacation rentals, with private pools and furnishings ready for short- or long-term operations.

  5237 Thomas Drive, Panama City, FL 32408

  View Details

FAQs

What type of property is this?

Commercial land - A 2.5-acre corner parcel zoned Mix Use 3, positioned in an opportunity zone for flexible mixed-use planning.

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 Panama City; Zoned Mix Use 3, allowing medium to high‑density residential plus professional offices, educational facilities, and low‑intensity neighborhood commercial uses; Opportunity zone location