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    2105 Martin Luther King Jr Blvd Panama City, FL 32405

    For Sale
    $1,200,000

    Prime Retail/Restaurant Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.98-acre commercial land parcel presents a lucrative build-to-suit opportunity in Panama City, Florida. Located at 2105 Martin Luther King Jr Blvd, this property boasts a highly desirable location at the intersection of 23rd Street and MLK Jr Blvd, experiencing over 58,000 vehicles daily. The site offers high visibility due to a signaled intersection and ample parking, making it perfect for quick-service restaurants or retail establishments. Its prime location within Panama City's core retail trade area ensures strong customer traffic and visibility. The property is situated near numerous national retailers, restaurants, and entertainment venues, including Bay City Point Shopping Center (200,000 square feet) and Panama City Mall, across the street. This area's high traffic volume, accessibility, and demographic growth have attracted major national brands such as Target, Home Depot, Best Buy, Lowe's, Bealls Outlet, Hobby Lobby, Dillards, JC Penney, Ulta, Burlington, Ross, McDonald's, Chipotle, and Panera Bread. The property is zoned COM and has an APN of 14412-010-000. The asking price is $1,200,000, translating to approximately $1,224,489.80 per acre. This represents a unique chance to capitalize on a thriving retail market in a high-traffic location.

    Property Features for 2105 Martin Luther King Jr Blvd

    General Information

    Property type
    Land
    Lot Size
    42,689 SF

    HighLights

    • $1,200,000 asking price for 0.98 acres of commercial land.
    • Located at 2105 Martin Luther King Jr Blvd, Panama City, FL 32405 (APN 14412‑010‑000).
    • High‑visibility site at a signaled intersection with over 58,000 cars per day.
    • Ideal for quick‑service restaurants (QSRs) or retail users, with ample parking.
    • Located in Panama City's core retail trade area, near numerous national retailers and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.65064982699
    Latitude
    30.186178146881

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    FAQs

    What type of property is this?
    Land - Prime Retail/Restaurant Land
    Where is this land located?
    The property is located at 2105 Martin Luther King Jr Blvd Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for 0.98 acres of commercial land.; Located at 2105 Martin Luther King Jr Blvd, Panama City, FL 32405 (APN 14412-010-000).; High-visibility site at a signaled intersection with over 58,000 cars per day.
    (850) 977-6991
    Request Owner's contact information
    2105 Martin Luther King Jr Blvd 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
    2105 Martin Luther King Jr Blvd Panama City, FL 32405
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