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    1108 School Ave Ave Panama City, FL 32401

    For Sale
    $1,100,000

    6,702 SF Flex Space, Prime Location

    Property size:
    6,702 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6,702 square foot special purpose property, built in 2005, presents a unique investment opportunity in Panama City, Florida. Situated on a substantial 1.25-acre lot (62,290.8 sq ft), the property boasts a versatile layout ideal for a variety of uses. The building comprises approximately 1,571 square feet of office space and 5,131 square feet of warehouse space, providing ample room for operations and storage. A significant advantage is the expansive, fully secured yard, perfect for equipment storage or outdoor operations. The property is completely enclosed by a six-foot chain-link fence with three strands of barbed wire, ensuring security. Its strategic location offers easy access to downtown Panama City, Tyndall Air Force Base, Lynn Haven, and Panama City Beach, making it an attractive option for businesses seeking convenient access to major transportation routes and a diverse workforce. The asking price for this well-maintained property is $1,100,000. This represents a compelling opportunity to acquire a versatile commercial property in a thriving Florida market. The property's size, location, and security features make it an ideal investment for businesses seeking a flexible and secure space to grow.

    Property Features for 1108 School Ave Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    6,702 SF

    Building Details

    Year Built
    2005

    HighLights

    • $1,100,000 asking price.
    • 6,702 square foot special purpose building.
    • Built in 2005.
    • 62,290.8 square foot lot.
    • Located at 1108 School Avenue, Panama City, FL 32401.
    • Features approximately 1,571 square feet of office space and 5,131 square feet of warehouse space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6159817
    Latitude
    30.1687661

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    FAQs

    What type of property is this?
    Specialty property - 6,702 SF Flex Space, Prime Location
    Where is this specialty property located?
    The property is located at 1108 School Ave Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price.; 6,702 square foot special purpose building.; Built in 2005.
    Request Owner's contact information
    1108 School Ave Ave Panama City, FL 32401
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    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
    1108 School Ave Ave Panama City, FL 32401
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