Automotive Service
For Sale
$585,000
1900 N East Avenue, Panama City, FL 32405
COMMERCIAL - Panama City, FL
Property Size3,375 SF
Lot Size0.31 Acres
Price / SF$173.33
Days on Market124
Property Features for 1900 N East Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business
Subdivision
[No Recorded Subdiv]
Elementary school
Cedar Grove
Middle school
Everitt
High school
Bay
Directions
from N 231 take R on East Ave. Past Sherman R on left. From E. 15th street turn L., .5 mile on R.
Standard status
Active
APN
14818-050-000
Size
3,375 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
35 3S 14W -11.16- ST AND BAY DEV CO PLAT BEG 112.5' N & 550' W OF SE COR LOT 57 TH W 122.68' N 112.5' E 123.38' S 112.5' TO POB ORB 3408 P 2161
Legal Description
35 3S 14W -11.16- ST AND BAY DEV CO PLAT BEG 112.5' N & 550' W OF SE COR LOT 57 TH W 122.68' N 112.5' E 123.38' S 112.5' TO POB ORB 3408 P 2161
Building Details
Year built
1990
Flooring type
Concrete
Building materials
AluminumSiding
Roof type
Flat
Listing Agency:
Think Real Estate
(850) 270-4200
Listed By:
Kim R Johnson · License #SL 3569360
(850) 819-3296
Added: Apr 1
Changed: Jul 20
Last Checked: Aug 2 at 6:06PM
MLS# 787701
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.
Investment Insights
Based on property information with market context.
This automotive service shop offers 3,375 square feet of functional workspace on a 0.31-acre lot with 123 feet of frontage. The facility is laid out to support day-to-day service operations, with service bays designed to accommodate multiple technicians and workflow. In addition to the shop area, there is space for equipment, customer service, and an office for administrative needs.
Located at 1900 N East Avenue in Panama City, this property is positioned for visibility along the road and provides straightforward access for an owner-operator or ongoing business use in Bay County.
The improvements are described as move-in ready, with a layout that supports automotive and related service activities, making it a practical fit for operators seeking an established workspace and service-bay configuration.
Located at 1900 N East Avenue in Panama City, this property is positioned for visibility along the road and provides straightforward access for an owner-operator or ongoing business use in Bay County.
The improvements are described as move-in ready, with a layout that supports automotive and related service activities, making it a practical fit for operators seeking an established workspace and service-bay configuration.
Key Highlights
- Prime commercial location in the heart of Panama City/Bay County with high traffic and excellent accessibility.
- Move‑in ready, turnkey facility with service bays suitable for various businesses.
- Functional workspace of 3,375 square feet on a .31‑acre lot.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.8k | $18.00 |
| − Vacancy | −$5.2k | −$1.53 |
| EGI | $55.6k | $16.47 |
| − OpEx | −$16.7k | −$4.94 |
| NOI | $38.9k | $11.53 |
3,375 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$555.9K
$486.4K – $648.5K
NOI $38,910 @ 7.0% cap · market cap 6.65%
Second Best
Industrial
$328.8K
$287.7K – $383.6K
NOI $23,013 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$848.8K
$742.7K – $990.2K
NOI $59,414 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Apparel 28%
Dining 24%
Goodwill
Apparel
6,076 visits/mo
0.5 miles
Dollar General
Shops & Services
4,953 visits/mo
0.3 miles
Burger King
Dining
4,692 visits/mo
0.4 miles
Family Dollar
Shops & Services
2,949 visits/mo
0.1 miles
Exxon
Shops & Services
2,250 visits/mo
0.2 miles
Demographics for 32405, FL
28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- TK's Auto World — 2913 15th St, Panama City, FL 32405
- Bean Automotive Repair — 2453 Gannon Cir, Panama City, FL 32405
- Discount Paint & Body — panama city, fl 32401
- safelite Panama City, Fl — N East Ave, Panama City, FL 32405
- John Lee Mazda Service — 2533 E 15th St, Panama City, FL 32405
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service shop with multiple service bays, office space, and 123 feet of frontage on a 0.31-acre lot.
Where is this auto shop located?
The property is located at 1900 N East Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Prime commercial location in the heart of Panama City/Bay County with high traffic and excellent accessibility.; Move‑in ready, turnkey facility with service bays suitable for various businesses.; Functional workspace of 3,375 square feet on a .31‑acre lot.
