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    1304 19Th St Panama City, FL 32405

    For Sale
    $1,299,990

    Acre+ Lot, 6,308 SF Building

    Property size:
    6,308 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial property, located at 1304 W 19th Street in Panama City, Florida, presents a unique investment opportunity. The 6,308 square foot building, constructed in 1977, sits on a sizable 55,756.8 square foot lot – over an acre of land. Currently configured as an auto-body repair shop, this versatile property offers significant potential for a variety of uses. The existing structure could continue its automotive function, potentially in conjunction with the adjacent auto repair shop (available for separate purchase). Alternatively, the property's ample space and zoning (C-1) lend themselves to repurposing for manufacturing or production. The property boasts 165 feet of street frontage and a substantial 28,000 square feet of paved parking, providing ample space for customers, employees, and inventory. Its strategic location, just a few miles from the Port of Panama City and Tyndall Air Force Base, offers excellent accessibility and logistical advantages. Bay County's robust population growth (over 150% in recent years), coupled with Florida's favorable tax climate, makes this property an attractive option for businesses seeking expansion or relocation. The asking price is $1,299,990. This is a rare opportunity to acquire a substantial commercial property in a thriving Florida market.

    Property Features for 1304 19Th St

    General Information

    Property type
    Land
    Square Feet
    6,308 SF

    Building Details

    Year Built
    1977

    HighLights

    • 6,308 SF building on a 1+ acre lot (55,756.8 SF) in Panama City, FL.
    • Built in 1977, currently used as an auto body shop, with C‑1 zoning allowing for diverse uses.
    • Features 165' of street frontage and 28,000 SF of paved parking.
    • Excellent location near Port of Panama City and Tyndall AFB.
    • Priced at $1,299,990.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Professional Auto Body Auto Body Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6812142
    Latitude
    30.1830581

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    FAQs

    What type of property is this?
    Land - Acre+ Lot, 6,308 SF Building
    Where is this land located?
    The property is located at 1304 19Th St Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,299,990.
    What are key features of this property?
    This property features: 6,308 SF building on a 1+ acre lot (55,756.8 SF) in Panama City, FL.; Built in 1977, currently used as an auto body shop, with C-1 zoning allowing for diverse uses.; Features 165' of street frontage and 28,000 SF of paved parking.
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    1304 19Th St 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
    1304 19Th St Panama City, FL 32405
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