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    804 School Ave Panama City, FL 32401

    For Sale
    $215,000

    High-Income Potential, Versatile Space

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property at 804 School Avenue, Panama City, Florida, presents a unique investment opportunity. Boasting a substantial 20,473.2 square foot lot, the property features over 4800 square feet of versatile space, ideal for a variety of business ventures, including retail, warehousing, or even a daycare center. Built in 1968, the property includes two attached residential units – one with one bedroom and one bathroom, and the other with two bedrooms and one bathroom, offering additional income streams. The property benefits from a recently installed metal roof, ensuring long-term durability and reduced maintenance costs. While partially gutted, this presents a blank canvas for a buyer to customize the space to perfectly suit their business needs and vision. Located in Bay County, Florida, with the address 804 School Avenue, Panama City, FL 32401, this property is priced competitively at $215,000. Its strategic location and flexible layout make it an attractive proposition for entrepreneurs seeking a profitable investment in a thriving Florida market. The property's existing residential units provide immediate rental income, further enhancing its investment appeal. Don't miss this chance to acquire a versatile and income-producing commercial property with significant upside potential.

    Property Features for 804 School Ave

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1968
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6162026
    Latitude
    30.1628093

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    FAQs

    What type of property is this?
    Specialty property - High-Income Potential, Versatile Space
    Where is this specialty property located?
    The property is located at 804 School Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $215,000.
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    804 School 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
    804 School Ave Panama City, FL 32401
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