1322 Bayview/Beck Ave Panama City, FL 32401
This exceptional investment opportunity encompasses two adjacent properties totaling over 29,293 square feet in historic St. Andrews, Panama City, Florida. The first parcel, located at 1323 Beck Avenue, boasts a substantial 20,580 square foot lot with 147 feet of frontage on Beck Avenue. Existing improvements include a 2,000 square foot building and a 1,000 square foot storage shed. The second parcel, situated at 1322 Bayview Avenue, comprises 8,820 square feet (63 x 140) and is zoned for multi-family use. This lot features a 3-bedroom, 1-bathroom home. The combined properties present a unique opportunity for redevelopment, offering ample space and flexibility for various projects. The properties' proximity to each other allows for creative development strategies, maximizing potential returns. The asking price is $1,194,900, and the owner is willing to provide financing with a substantial down payment. Built in 1947, this property offers endless possibilities with plenty of parking. This is a truly one-of-a-kind investment in a desirable location. The zip code is 32401, and the property is located in Bay County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.