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    913 Mlk Blvd Panama City, FL 32401

    For Sale
    $49,000

    Vacant lot, 4,443 sq ft, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,443 square foot vacant land parcel presents a remarkable investment opportunity in the heart of Panama City, Florida. Located at 913 MLK Boulevard, this property boasts a highly desirable location on a busy, central thoroughfare, ensuring excellent visibility and accessibility for any commercial venture. Its strategic position offers convenient proximity to Ascension Sacred Heart Bay hospital, Downtown Panama City, and Downtown Millville, providing immediate access to a substantial customer base. Furthermore, the lot enjoys easy access to Panama City Beach, Lynn Haven, and Highway 231, maximizing its reach and potential for attracting a diverse clientele. The asking price for this prime commercial land is $49,000. Given its size, location, and accessibility, this vacant lot represents a significant opportunity for developers and entrepreneurs seeking a high-traffic location to establish a thriving business. The property is zoned for commercial use (verification of zoning is recommended). This is a rare chance to acquire a strategically positioned lot in a rapidly growing area of Panama City, Florida. Don't miss this chance to secure your piece of Panama City's vibrant commercial landscape. The property is situated in Bay County, Florida, with a zip code of 32401.

    Property Features for 913 Mlk Blvd

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6506775
    Latitude
    30.1649446

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    FAQs

    What type of property is this?
    Land - Vacant lot, 4,443 sq ft, high traffic area.
    Where is this land located?
    The property is located at 913 Mlk Blvd Panama City, FL.
    What is the asking price?
    The asking price for this property is $49,000.
    Request Owner's contact information
    913 Mlk Blvd 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
    913 Mlk Blvd Panama City, FL 32401
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