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    1224 South Berthe Ave Panama City, FL 32404

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    For Sale
    $150,000

    1.55 acre development opportunity near East Bay and Tyndall AFB.

    Property size:
    1 SF
    Lot size:
    1.55 Acres

    Property Features for 1224 South Berthe Ave

    General Information

    Size
    1 SF
    Lot size
    1.55 Acres

    Source: Anderson Brooks Agent Anderson Brooks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Panama City Development Opportunity

    This approximately 1.55-acre property presents a development opportunity in Panama City, Florida. The vacant land is located within walking distance of East Bay and a short drive from Tyndall Air Force Base. The property neighbors the recently completed Bridge Harbor waterfront development. It features approximately 225 feet of paved frontage and is zoned for residential (R-6) use. The property is located 0.5 mile walk to St. Andrews Bay access and a 10 minute drive to Tyndall Air Force Base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Auto Repair Shop Accounting Firm Hotel & Motel Department Store Grocery Store Food Market Cafe & Coffee Shop Convenience 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
    -85.5750925
    Latitude
    30.1249005

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    FAQs

    What type of property is this?
    Land - 1.55 acre development opportunity near East Bay and Tyndall AFB.
    Where is this land located?
    The property is located at 1224 South Berthe Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Prime development opportunity near East Bay.; - Proximity to Tyndall Air Force Base (10-minute drive).; - Located next to the recently completed Bridge Harbor waterfront development.
    (850) 890-2384
    Request Owner's contact information
    1224 South Berthe Ave Panama City, FL 32404
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    Panama City, FL 32404
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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
    1224 South Berthe Ave Panama City, FL 32404
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