Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1040 15Th St Panama City, FL 32405

    For Sale
    $879,000

    High-traffic corner lot, 5,026 SF retail building

    Property size:
    5,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail property at 1040 W 15th Street in Panama City, Florida, presents a compelling investment opportunity. Boasting a substantial 5,026 square feet, the building was constructed in 1977 and sits on a generous 0.86-acre (37,461.6 sq ft) corner lot, strategically positioned along a major thoroughfare connecting Highway 231 to the beaches. The property benefits from high visibility and convenient access. Currently configured as a retail store, the space includes approximately 3,631 square feet of heated and cooled area, supplemented by a large covered storage area at the rear. Ample parking is provided with 20 spaces. The lot itself is fenced, measuring approximately 125 feet by 125 feet, offering additional potential for expansion or outdoor uses. The property is zoned GC-2 and enjoys a prime location adjacent to a major anchor tenant, U-Haul, ensuring consistent traffic flow. Its depth of approximately 300 feet by 125 feet provides significant flexibility for future development. This location is poised for continued growth and is unaffected by upcoming overpass construction, making it a secure and promising investment. The asking price is $879,000.

    Property Features for 1040 15Th St

    General Information

    Property type
    Retail properties
    Square Feet
    5,026 SF

    Building Details

    Year Built
    1977

    HighLights

    • 5,026 SF retail building on a 0.86‑acre corner lot in Panama City, FL.
    • Located on a major thoroughfare connecting Highway 231 to the beaches, offering high visibility and convenient access.
    • Features 3,631 SF of heated/cooled space plus large covered storage; 20 parking spaces.
    • 125' x 125' fenced lot with potential for expansion; GC‑2 zoning.
    • Prime location adjacent to U‑Haul, asking price $879,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Morales Pine Straw Mulch Supplier Antojitoslatinos1.LLC Ice Cream Shop Alamo Auto Sales Used Car Dealer Panhandle Gun & Pawn Pawn Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6743082
    Latitude
    30.1917155

    Nearby Similar for Sale

    • $1,150,000
      Pending

      Unique Bayfront Property with Income

      Bayfront property featuring a main house and six rental units.
      6035 Bus, Panama City, FL 32404
      View Details
    • $528,000
      0.40 Acres

      Dual-Home Family Retreat Opportunity

      Dual-home property near Beach Drive, ideal for living and investment.
      1016 W 12Th St, Panama City, FL 32401
      View Details
    • $1,850,000
      0.25 Acres

      Waterfront Multi-Family Investment Opportunity

      Waterfront property with new construction and income potential in Panama City.
      401 Massalina Dr, Panama City, FL 32401
      View Details
    • $699,900
      2,204 SF

      Renovated Multi-Unit Rental Property

      Turnkey, fully furnished rental property with proven rental history.
      3820 Treasure Cir, Panama City, FL 32408
      View Details
    • $694,000
      2,269 SF

      Upgraded Duplex with Rental Potential

      Duplex with multiple possibilities: live, rent, or short-term rent.
      3707 Mystic St, Panama City, FL 32408
      View Details
    • $694,000
      0.13 Acres

      Adorable Duplex with Multiple Possibilities

      Upgraded duplex with short-term rental potential near lagoon access.
      3707 Mystic St, Panama City, FL 32408
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic corner lot, 5,026 SF retail building
    Where is this retail property located?
    The property is located at 1040 15Th St Panama City, FL.
    What is the asking price?
    The asking price for this property is $879,000.
    What are key features of this property?
    This property features: 5,026 SF retail building on a 0.86-acre corner lot in Panama City, FL.; Located on a major thoroughfare connecting Highway 231 to the beaches, offering high visibility and convenient access.; Features 3,631 SF of heated/cooled space plus large covered storage; 20 parking spaces.
    Request Owner's contact information
    1040 15Th St Panama City, FL 32405
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1040 15Th St
    Panama City, FL 32405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1040 15Th St Panama City, FL 32405
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.