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    200 Sherman Ave Panama City, FL 32401

    For Sale
    $1,600,000

    Bayfront Industrial Land, Huge Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 85,770 square foot property, located at 200 Sherman Avenue in Panama City, Florida (zip code 32401), presents a unique investment opportunity. Currently zoned Industrial, this waterfront land boasts stunning views of the bayou and offers significant potential for future development. The property comprises two parcels, 100 and 200 Sherman Avenue, sold together. The asking price is $1,600,000. Buyers are advised that while every effort has been made to ensure accuracy, dimensions are approximate and should be independently verified if deemed necessary. The property's prime location in Bay County, Florida, combined with its substantial size and waterfront access, makes it an attractive proposition for a variety of development projects. Its current industrial zoning may allow for various uses, but interested parties should conduct their own due diligence regarding zoning regulations and potential rezoning possibilities. The expansive lot provides ample space for a wide range of development scenarios, capitalizing on the beautiful bayou views and the desirable location in Panama City. This is a rare chance to acquire a significant waterfront parcel with considerable upside potential. Serious inquiries are encouraged.

    Property Features for 200 Sherman Ave

    General Information

    Property type
    Specialty properties

    HighLights

    • $1,600,000 asking price.
    • Special purpose property.
    • 85,770 square foot lot.
    • Located at 200 Sherman Avenue, Panama City, FL 32401.
    • Currently zoned Industrial, with potential for rezoning.
    • Waterfront property on the Bayou.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.633213
    Latitude
    30.149971

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    FAQs

    What type of property is this?
    Specialty property - Bayfront Industrial Land, Huge Potential
    Where is this specialty property located?
    The property is located at 200 Sherman Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price.; Special purpose property.; 85,770 square foot lot.
    Request Owner's contact information
    200 Sherman Ave 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
    200 Sherman Ave Panama City, FL 32401
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