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    1322 Bayview/Beck Ave Panama City, FL 32401

    For Sale
    $1,194,900

    Two adjoining lots, multi-use potential, owner financing.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity encompasses two adjacent properties totaling over 29,293 square feet in historic St. Andrews, Panama City, Florida. The first parcel, located at 1323 Beck Avenue, boasts a substantial 20,580 square foot lot with 147 feet of frontage on Beck Avenue. Existing improvements include a 2,000 square foot building and a 1,000 square foot storage shed. The second parcel, situated at 1322 Bayview Avenue, comprises 8,820 square feet (63 x 140) and is zoned for multi-family use. This lot features a 3-bedroom, 1-bathroom home. The combined properties present a unique opportunity for redevelopment, offering ample space and flexibility for various projects. The properties' proximity to each other allows for creative development strategies, maximizing potential returns. The asking price is $1,194,900, and the owner is willing to provide financing with a substantial down payment. Built in 1947, this property offers endless possibilities with plenty of parking. This is a truly one-of-a-kind investment in a desirable location. The zip code is 32401, and the property is located in Bay County.

    Property Features for 1322 Bayview/Beck Ave

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1947

    HighLights

    • Exceptional investment opportunity: Two adjacent properties totaling over 29,293 square feet in historic St. Andrews, Panama City, FL.
    • 1323 Beck Ave. parcel: 20,580 sq ft lot, 147 ft frontage, 2,000 sq ft building, 1,000 sq ft shed.
    • 1322 Bayview Ave. parcel: 8,820 sq ft lot (63 x 140), multi‑family zoning, 3 bed/1 bath home.
    • Combined properties offer redevelopment potential, ample space, and flexible project options.
    • Asking price: $1,194,900; owner financing available with substantial down payment.
    • Built in 1947, ample parking, Bay County, FL (zip code 32401).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.7013876
    Latitude
    30.1808283

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    FAQs

    What type of property is this?
    Specialty property - Two adjoining lots, multi-use potential, owner financing.
    Where is this specialty property located?
    The property is located at 1322 Bayview/Beck Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,194,900.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Two adjacent properties totaling over 29,293 square feet in historic St. Andrews, Panama City, FL.; 1323 Beck Ave. parcel: 20,580 sq ft lot, 147 ft frontage, 2,000 sq ft building, 1,000 sq ft shed.; 1322 Bayview Ave. parcel: 8,820 sq ft lot (63 x 140), multi-family zoning, 3 bed/1 bath home.
    Request Owner's contact information
    1322 Bayview/Beck 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
    1322 Bayview/Beck Ave Panama City, FL 32401
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