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    2124 3Rd St Panama City, FL 32401

    For Sale
    $70,000

    Build Your Dream Business - 2,526 SF Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 2,526 square foot vacant lot presents a remarkable opportunity for entrepreneurs in Panama City, Florida. Located at 2124 E 3rd Street, this property boasts a highly desirable location in the heart of Millville, directly adjacent to Gene's Oyster Shack and across the street from Tropical Drinks Restaurant, ensuring high visibility and foot traffic. The lot is zoned for commercial use and offers significant potential for a diverse range of businesses, including but not limited to coffee shops, boutiques, motorsports garages, workshops, or showrooms. A significant advantage is the pre-existing concrete slab, a remnant from a previous structure, which can significantly reduce construction costs and time. Furthermore, essential utilities including water, sewer, and gas lines are readily available for connection, streamlining the development process. While the property lines shown in any marketing materials are approximate, a previous survey is available for review. Buyers are encouraged to conduct their own due diligence to verify property lines if deemed necessary. This is a truly exceptional opportunity to establish a thriving business in a vibrant and well-established commercial area. The asking price for this prime commercial lot is $70,000. Don't miss out on this chance to secure your future in Panama City's bustling Millville district. The property is located in Bay County, Florida, zip code 32401.

    Property Features for 2124 3Rd St

    General Information

    Property type
    Land

    HighLights

    • 2,526 sq ft vacant commercial lot in Panama City, FL.
    • Located at 2124 E 3rd Street in Millville, adjacent to Gene's Oyster Shack and across from Tropical Drinks Restaurant.
    • Zoned for commercial use, ideal for various businesses (coffee shops, boutiques, etc.).
    • Features a pre‑existing concrete slab and readily available utilities (water, sewer, gas).
    • Asking price: $70,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.632936
    Latitude
    30.152966

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    FAQs

    What type of property is this?
    Land - Build Your Dream Business - 2,526 SF Lot
    Where is this land located?
    The property is located at 2124 3Rd St Panama City, FL.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: 2,526 sq ft vacant commercial lot in Panama City, FL.; Located at 2124 E 3rd Street in Millville, adjacent to Gene's Oyster Shack and across from Tropical Drinks Restaurant.; Zoned for commercial use, ideal for various businesses (coffee shops, boutiques, etc.).
    Request Owner's contact information
    2124 3Rd 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
    2124 3Rd St Panama City, FL 32401
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