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    3729 Cherry St Panama City, FL 32401

    For Sale
    $220,000

    Versatile 1,150 SF building, $220,000

    Property size:
    1,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This versatile 1,150-square-foot commercial property in Panama City, Florida, presents a unique investment opportunity. Located at 3729 Cherry Street, this 1974-built structure sits on a 7,405.2-square-foot lot and offers a multitude of potential uses. Previously utilized as a retail store and more recently as a commercial janitorial service, the building is adaptable to various businesses. Features include an owner's suite with a full bathroom, allowing for on-site living, ample storage space, and two full bathrooms. The well-maintained building boasts a metal roof, storm shutters, and a recently installed (2023) 8-foot privacy gate and black chain-link fence. Additional features include an ADT alarm system (requiring new owner connection), washer and dryer hookups in a separate area, and 9-foot ceilings throughout. The property's adaptability makes it suitable for retail, beauty salon, barbershop, or lawn service businesses. Buyers are advised to independently verify all information. The asking price is $220,000. The property is zoned for commercial use and is located in Bay County, Florida, zip code 32401.

    Property Features for 3729 Cherry St

    General Information

    Property type
    Specialty properties
    Square Feet
    1,150 SF

    Building Details

    Year Built
    1974

    HighLights

    • Asking price: $220,000
    • 1,150 square foot special purpose building on a 7,405.2 square foot lot
    • Built in 1974, located at 3729 Cherry Street, Panama City, FL 32401
    • Suitable for retail, salon, barbershop, or other commercial uses; previously used for janitorial services.
    • Features owner's space with bathroom, ample storage, storm shutters, ADT alarm system (requires activation), two bathrooms, metal roof, washer/dryer hookup, and 9‑foot ceilings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6107977
    Latitude
    30.1457671

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    FAQs

    What type of property is this?
    Specialty property - Versatile 1,150 SF building, $220,000
    Where is this specialty property located?
    The property is located at 3729 Cherry St Panama City, FL.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Asking price: $220,000; 1,150 square foot special purpose building on a 7,405.2 square foot lot; Built in 1974, located at 3729 Cherry Street, Panama City, FL 32401
    Request Owner's contact information
    3729 Cherry St Panama City, FL 32401
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    Panama City, FL 32401
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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
    3729 Cherry St Panama City, FL 32401
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