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    OFF-MARKET
    Specialty properties

    1844 East Ave, Panama City, FL 32405

    2,842 SF Built 1990
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1844 East Ave in Panama City, Florida, presents a unique investment opportunity. The 2,842 square foot metal building sits on a spacious 10,454.4 square foot lot and was constructed in 1990. Currently utilized as builder storage, this versatile space offers significant potential for a variety of commercial uses. The property's C-3 General Commercial zoning allows for a wide range of businesses. The building features three bathrooms and a large open area, ideal for customization. Previous use as a daycare highlights the adaptability of the multiple rooms. An 8-foot fence and a large gate provide secure access to the expansive back lot, perfect for storage or expansion. The property is being sold "AS IS," reflecting its potential for renovation and tailored improvements to suit a new owner's specific needs. The convenient location within unincorporated Bay County, Florida, zip code 32405, ensures easy access to major transportation routes and a thriving local market. This is a rare chance to acquire a well-situated commercial property with substantial upside potential. The asking price is $325,000.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1990
    Total area 2,842 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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