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    5220 Cherry St Panama City, FL 32404

    For Sale
    $159,900

    SINGLE_FAMILY - Panama City, FL

    Type:Office
    Property size:
    1,400 SF
    Lot size:
    0.42 Acres
    Days on Market:
    106
    Last Refresh:
    Dec 9 at 10:06 am

    Property Features for 5220 Cherry St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    24966-000-000
    Size
    1,400 SF
    Lot size
    0.42 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1959
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Tile, Carpet
    Building materials
    Brick, Block, VinylSiding
    Roof type
    Metal

    Beachy Beach Real Estate (850) 527-5651 [email protected]

    Listing agent Jessica J Albritton (850) 532-6262 License #0706690

    Listing date Aug 26, 2025

    Copyright © 2025 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

    Corner Lot Mixed-Use Potential

    This property features a large home situated on a prominent corner lot in a convenient location. Zoned for mixed-use, it offers potential as either a spacious residence or a strategic office space. Currently configured as a 3-bedroom, 1-bathroom home, it includes a functional kitchen, an inside laundry room, a living room, and a generously sized family room with a fireplace. The property also features a large carport and an expansive corner lot, just under half an acre. The roof was replaced in 2019, but there is remaining damage from Hurricane Michael. The property size is approximately 1400 square feet. Located in Panama City, Florida, this property offers various possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Awesome TV Mounting

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.595604
    Latitude
    30.145338

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    FAQs

    What type of property is this?
    Office Property / Space - Large corner lot with mixed-use zoning, ideal for residence or office.
    Where is this office property / space located?
    The property is located at 5220 Cherry St Panama City, FL.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: - Large corner lot (just under half an acre) with high visibility.; - Mixed-use zoning offers flexibility for residential or business use.; - Spacious layout includes 3 bedrooms, living room, and large family room with fireplace.
    (850) 532-6262
    Request Owner's contact information
    5220 Cherry St 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
    5220 Cherry St Panama City, FL 32404
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