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    00 Florida Ave Panama City, FL 32405

    Sponsored
    For Sale
    $400,000

    Prime Development Site, Owner Financing Possible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 174,240 square foot commercial development site is located at 00 Florida Avenue, Panama City, FL 32405, in Bay County. Priced at $400,000, this special purpose property presents a unique opportunity for various business ventures, including warehouse or shop setups. The property is currently considered "wet," meaning it requires mitigation before development. However, Cypress Environmental has already conducted preliminary assessments to verify mitigation feasibility. A minimum of two acres is suitable for development following appropriate mitigation efforts. This presents a significant advantage for developers, reducing upfront environmental remediation costs. The seller is open to owner financing, with terms to be negotiated and agreed upon. This flexible financing option makes this property accessible to a wider range of investors. The expansive lot size offers considerable flexibility in design and development plans, catering to a variety of commercial needs. This prime location in Panama City offers excellent potential for a strong return on investment. Serious inquiries are encouraged.

    Property Features for 00 Florida Ave

    General Information

    Property type
    Specialty properties

    HighLights

    • $400,000 asking price.
    • Special purpose property.
    • 174,240 square foot lot.
    • Located at 00 Florida Avenue, Panama City, FL 32405.
    • Suitable for multiple business or warehouse development.
    • Wetlands present, but mitigation options exist; Cypress Environmental has conducted preliminary assessments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6685232
    Latitude
    30.2105295

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    FAQs

    What type of property is this?
    Specialty property - Prime Development Site, Owner Financing Possible
    Where is this specialty property located?
    The property is located at 00 Florida Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price.; Special purpose property.; 174,240 square foot lot.
    Request Owner's contact information
    00 Florida Ave Panama City, FL 32405
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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
    00 Florida Ave Panama City, FL 32405
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