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    1302 19Th St Panama City, FL 32405

    For Sale
    $2,700,000

    8,000+ SF Auto Facility, Fully Equipped

    Property size:
    8,081 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 1302 W 19th Street in Panama City, Florida, presents a unique investment opportunity. The property, built in 1977, encompasses two substantial buildings totaling over 8,000 square feet on a large 119,354.4 square foot lot. Currently operating as a thriving automotive repair and auto body shop, the property boasts 355 feet of street frontage, providing excellent visibility and accessibility. The buildings include ample workspace, a dedicated office, two fully functional paint booths, and extensive storage facilities. A recently installed state-of-the-art security system ensures comprehensive protection for the entire property. The sale includes a wide array of essential automotive repair equipment, significantly enhancing the value and operational readiness of the business. This equipment includes, but is not limited to: a frame machine, alignment machine, drill press, Marquette dent puller, MillerMatic plasma cutter, multiple welders, compressors, tire machines, a crusher, multiple lifts, a forklift, a tow truck, two recovery wreckers, and a substantial amount of additional inventory. Two bathrooms are also included. The asking price for this turnkey operation is $2,700,000. This property is zoned for special purpose use.

    Property Features for 1302 19Th St

    General Information

    Property type
    Specialty properties
    Square Feet
    8,081 SF

    Building Details

    Year Built
    1977

    HighLights

    • 8,000+ SF of combined building space in two structures.
    • Secure premises with installed security systems.
    • Two restrooms.
    • Extensive automotive repair equipment including three tow trucks, multiple lifts, a welder, paint booths, and alignment/frame straightening machinery.
    • Ample parts inventory.
    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 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
    -85.6804609
    Latitude
    30.18307

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    FAQs

    What type of property is this?
    Specialty property - 8,000+ SF Auto Facility, Fully Equipped
    Where is this specialty property located?
    The property is located at 1302 19Th St Panama City, FL.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: 8,000+ SF of combined building space in two structures.; Secure premises with installed security systems.; Two restrooms.
    Request Owner's contact information
    1302 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
    1302 19Th St Panama City, FL 32405
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