1844 East Ave, Panama City, FL 32405
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.