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    3100 15Th St Panama City, FL 32405

    For Sale
    $950,000

    25.79 Acres, High Traffic, General Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 25.79-acre commercial land parcel in Panama City, Florida, presents a remarkable development opportunity. Located at 3100 E. 15th Street, zip code 32405, this property boasts significant frontage and access on East 15th Street, a major thoroughfare with a daily traffic count of 35,000 vehicles. Its expansive size and convenient location make it ideal for a variety of uses. The property is zoned General Commercial, offering flexibility for diverse development projects. This zoning specifically permits multi-family residential development at a density of 15 units per acre, along with the construction of shopping centers and office buildings. The contiguous nature of the 25.79 acres allows for efficient site planning and layout, accommodating a wide range of development schemes. The asking price for this exceptional property is $950,000. This prime location and zoning flexibility make this a truly unique investment opportunity in a thriving Florida market. Don't miss this chance to acquire a substantial parcel of land with immense potential for significant returns.

    Property Features for 3100 15Th St

    General Information

    Property type
    Land
    Lot Size
    1,123,412 SF

    HighLights

    • High‑traffic location with 35,000 cars per day.
    • Generous General Commercial zoning.
    • Allows high‑density multi‑family development (15 units per acre).
    • Large 25.79‑acre contiguous parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WLTG Radio Broadcaster

    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
    -85.4994192
    Latitude
    30.1973686

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    FAQs

    What type of property is this?
    Land - 25.79 Acres, High Traffic, General Commercial Zoning
    Where is this land located?
    The property is located at 3100 15Th St Panama City, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: High-traffic location with 35,000 cars per day.; Generous General Commercial zoning.; Allows high-density multi-family development (15 units per acre).
    (850) 999-7411
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    3100 15Th 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
    3100 15Th St Panama City, FL 32405
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