1217 Mlk Blvd Panama City, FL 32401
This exceptional 14,985 sq ft commercial lot is situated in Panama City, Florida, at 1217 MLK Boulevard, zip code 32401. Located within an Opportunity Zone, this property boasts significant highway frontage. The lot offers 150 feet of frontage along the heavily trafficked Hwy 77/MLK Boulevard and a depth of 100 feet, ensuring high visibility for any business. Its strategic location provides easy access to Ascension Sacred Heart Bay and the attractions of Downtown Panama City. Zoned GC-2, this property presents a unique opportunity for entrepreneurs seeking a high-traffic location to establish their business. The asking price for this prime commercial real estate is $115,000. The property's size and location make it ideal for a variety of commercial ventures. Don't miss this chance to secure a prominent position in a thriving area. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.