Downtown Panama City Commercial
For Sale
$395,000
612 McKenzie Ave, Panama City, FL 32401
Large commercial investment property in downtown Panama City.
Property SizeContact for details
Lot Size0.70 Acres
Days on Market198
Property Features for 612 McKenzie Ave
General Information
Standard status
Active
Lot size
0.70 Acres
Property subtype
Vacant Land
Listing Agency:
Coastal Palms Real Estate
Listed By:
Elaine G Fenster · License #3419923
(850) 704-2051
Source:
Bemajorteam
Added: Mar 26
Changed: Oct 8
Last Checked: Oct 7 at 2:26PM
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 Coastal Palms Real Estate
Investment Insights
Based on property information with market context.
Located near downtown Panama City, this 0.70-acre commercial property on McKenzie Avenue is zoned DTD, aligning with the area's redevelopment vision. The DTD zoning allows for various commercial or residential uses, including single or multi-family structures, bars and restaurants, professional offices, open-air retail spaces, cafes and lounges, and specialty food stores. The zoning permits a maximum density of 30 units per acre, potentially allowing for up to 21 units on this property. Situated near the corner of 6th Street and McKenzie Ave, the property benefits from ongoing revitalization efforts in its proximity. Located in an 'Opportunity Zone', it offers potential federal tax benefits on capital gains. This property presents an opportunity for investors looking to capitalize on the growth of downtown Panama City.
Key Highlights
- Prime downtown location in Panama City, offering high visibility and accessibility.
- Zoned DTD, allowing for a wide range of commercial and residential development options.
- Located in an Opportunity Zone, providing potential federal tax benefits on capital gains.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,030
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 - Large commercial investment property in downtown Panama City.
Where is this commercial land located?
The property is located at 612 McKenzie Ave Panama City, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Prime downtown location in Panama City, offering high visibility and accessibility.; Zoned DTD, allowing for a wide range of commercial and residential development options.; Located in an Opportunity Zone, providing potential federal tax benefits on capital gains.
