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Unique Waterfront Property on Lake
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4820 N Lakewood Drive, Panama City, FL 32404

Versatile waterfront property suitable for various uses or residence.

Property Size5,010 SF
Price / SF$129.74
Days on Market679

Property Features for 4820 N Lakewood Drive

General Information

Standard status Active
Size 5,010 SF
Property subtype Special Purpose
Zoning LDR

Building Details

Year Built 1950
Listing Agency: ERA Neubauer Real Estate
Listed By: Deborah Class · License #SL3293094
Source: Crexi
Added: Sep 30, 2024 Changed: Aug 8 Last Checked: Aug 8 at 4:04AM

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 ERA Neubauer Real Estate

Investment Insights

Based on property information with market context.

This unique waterfront property offers approximately 3825 square feet of total heated and cooled space, with approximately 2530 square feet on the main level and approximately 1295 square feet on the lower level. Previously used as a meeting place and church, the facility could be converted to a residential home, with a land use exemption in place for use as Clubs, Lodges, or Halls. The site includes two lots with approximately 200 feet of frontage on Martin Lake, along with a large paved parking lot. The main level features a commercial kitchen, commercial restrooms built to ADA code, a utility closet with water access, two carpeted meeting rooms, a foyer area, and a large main hall overlooking Lake Martin with access to an open deck area and a side door exit/entrance. The recently finished lower level includes new flooring, a full bath, new granite countertop, a large interior storage room, and another large storage space accessible from the exterior, plus additional storage in an outside storage building. The roof was replaced in December 2018, and additional interior work has been completed since. The property is located in Panama City, FL.

Key Highlights

  • Waterfront property with approximately 200 feet on Martin Lake.
  • Large main hall overlooking Lake Martin with deck access.**
  • Approximately 3825 sq ft total H/C (2530 sq ft on main level, 1295 sq ft on lower level).

Property Analytics

Current Use

Churches & religious facilities

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Spa & Massage Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

268
Businesses Nearby

Demographics for 32404, FL

38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Church & religious facility - Versatile waterfront property suitable for various uses or residence.
Where is this church & religious facility located?
The property is located at 4820 N Lakewood Drive Panama City, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Waterfront property with approximately 200 feet on Martin Lake.; Large main hall overlooking Lake Martin with deck access.**; Approximately 3825 sq ft total H/C (2530 sq ft on main level, 1295 sq ft on lower level).
(850) 832-4988 Call to check price and availability
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