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224 E 8 Ave Panama City, FL 32401

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For Sale
$250,000

Five lots near downtown Panama City, ideal for development.

Property Features for 224 E 8 Ave

General Information

Standard status
Active

Source: KELLER WILLIAMS SUCCESS REALTY Agent DENNIS NELSON

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


Overview

Mixed-Use Land in Booming Panama

This mixed-use property, comprised of five lots on a corner street with alley access, is located in revitalized Panama City, one block from the Downtown Social District. The area is experiencing improvements and becoming a tourist destination with restaurants, boutique shopping, special events, and offices. The property is zoned Mixed-Use 2, allowing for up to six units to be built. The site includes a 1936 3-bedroom, 2-bathroom home with a 2020 roof that needs updates. Additionally, there is a 20' x 28' concrete block garage facing the alley and a 22' x 38' concrete block building facing McKenzie Ave, both requiring repairs. The property is being offered at land value. Given the low number of vacation rentals near downtown, this property is a candidate for future income generation. The property is in Flood Zone X, meaning no flood insurance is required. A recent survey and zoning information are available.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts 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
-85.6475
Latitude
30.1608

FAQs

What type of property is this?
Mixed-use property - Five lots near downtown Panama City, ideal for development.
Where is this mixed-use property located?
The property is located at 224 E 8 Ave Panama City, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: - Prime location: Only one block from the Downtown Social District in revitalized Panama City.; - Mixed-Use zoning allows for building homes, townhomes, or a commercial business with up to 6 units.; - Great income potential due to the low number of vacation rentals near downtown.
More about this property
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