1605 East Ave Panama City, FL 32405

Property Details for 1605 East Ave

Year built

1955

Property size

2,438 SF

Property type

Office Properties & Spaces

Description

This exceptional commercial property, located at 1605 N East Avenue in Panama City, Florida, presents a unique investment opportunity. The property boasts a substantial 20,037.6 square foot lot, zoned C3A (Low Density Commercial), offering significant flexibility for future development. Currently featuring a 2,438 square foot, single-story building constructed in 1955, the property is ideally suited for a variety of uses. The existing structure, while in need of cosmetic updates and repairs, could easily be adapted for use as an office, insurance agency, salon, or similar business. Alternatively, the generous lot size allows for the demolition of the existing building and construction of a new structure tailored to specific business needs. The existing building includes four bedrooms and two bathrooms, a covered carport, a spacious living room and kitchen, a Florida room, and an office nook. The property is being sold "As-Is," reflecting the need for cosmetic improvements, and is priced accordingly at $179,500. This prime location in Panama City, Florida (zip code 32405) offers excellent visibility and accessibility, making it an attractive proposition for savvy investors and entrepreneurs. The large corner lot provides ample space for parking and potential expansion. Don't miss this chance to acquire a versatile commercial property in a thriving Florida market.