Property profile

1719 Mlk Blvd Panama City, FL 32405

OFF-MARKET
Commercial real estate
1,083 SF Built 1956
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Property summary

AI-generated overview

This exceptional Panama City commercial property, located at 1719 MLK Boulevard, presents a rare investment opportunity. The 1,083 square foot building, constructed in 1956, features two large, newly constructed workshops, perfect for various commercial uses, and a comfortable executive office. The property sits on a substantial 50,094 square foot lot, providing ample space for operations and storage. A significant advantage is the large gravel laydown area, ideal for equipment staging or material storage. The single-story building offers convenient access and functionality. Further enhancing its appeal is deeded access to a side road, providing easy delivery and logistical efficiency. This property's strategic location in Bay County, Florida, 32405, offers excellent accessibility and visibility. The asking price for this unique commercial property is $650,000. This is a turnkey opportunity for businesses seeking a versatile and well-equipped space with significant outdoor area. Don't miss this chance to acquire a highly functional and strategically located commercial property in a thriving area.

Property profile

Verified
Property type Commercial real estate
Year built 1956
Total area 1,083 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1719 Mlk Blvd Panama City, FL 32405
Panama City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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