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    1719 Mlk Blvd Panama City, FL 32405

    For Sale
    $650,000

    1,083 SF Workshop & Office Space

    Property size:
    1,083 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    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 Features for 1719 Mlk Blvd

    General Information

    Property type
    Specialty properties
    Square Feet
    1,083 SF

    Building Details

    Year Built
    1956
    Stories
    1

    HighLights

    • $650,000 asking price.
    • 1,083 square foot special purpose property.
    • Located at 1719 MLK Boulevard, Panama City, FL 32405.
    • Single‑story building built in 1956.
    • 50,094 square foot lot.
    • Features a large gravel laydown area and two new workshops.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6504013
    Latitude
    30.1799793

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    FAQs

    What type of property is this?
    Specialty property - 1,083 SF Workshop & Office Space
    Where is this specialty property located?
    The property is located at 1719 Mlk Blvd Panama City, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price.; 1,083 square foot special purpose property.; Located at 1719 MLK Boulevard, Panama City, FL 32405.
    Request Owner's contact information
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    Panama City, FL 32405
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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
    1719 Mlk Blvd Panama City, FL 32405
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