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    2908 Forester Trl Panama City, FL 32405

    For Sale
    $109,250

    Prime 1.15-acre lot in Cedar Grove

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 50,094 square foot commercial land parcel presents a unique investment opportunity in Panama City, Florida's thriving Cedar Grove Commerce Park. Located within Bay County's rapidly expanding East Avenue corridor, this property is ideally suited for a variety of commercial uses. The site is fully planned and ready for development, making it an attractive option for businesses seeking a strategic location with excellent infrastructure. Zoned for light manufacturing and assembly, transportation and warehousing, personal services, showrooms, and communication facilities, this versatile lot offers significant potential for growth and profitability. Prospective buyers should be aware that the property is subject to recorded covenants, codes, restrictions, and landscaping requirements, details of which are available upon request. The asking price for this prime commercial land is $109,250. The address is 2908 Forester Trail, Panama City, FL 32405. This is a rare opportunity to acquire a well-situated parcel in a high-growth area, offering substantial returns for the discerning investor. Don't miss out on this chance to secure your place in one of Panama City's most promising commercial developments. Act quickly, as this property is expected to generate significant interest.

    Property Features for 2908 Forester Trl

    General Information

    Property type
    Land

    HighLights

    • $109,250 asking price.
    • 50,094 square foot lot.
    • Located in Cedar Grove Commerce Park, Panama City, FL.
    • Ideal for light manufacturing, warehousing, or similar uses.
    • Subject to covenants, codes, and restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -85.615859
    Latitude
    30.180944

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    FAQs

    What type of property is this?
    Land - Prime 1.15-acre lot in Cedar Grove
    Where is this land located?
    The property is located at 2908 Forester Trl Panama City, FL.
    What is the asking price?
    The asking price for this property is $109,250.
    What are key features of this property?
    This property features: $109,250 asking price.; 50,094 square foot lot.; Located in Cedar Grove Commerce Park, Panama City, FL.
    Request Owner's contact information
    2908 Forester Trl 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
    2908 Forester Trl Panama City, FL 32405
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