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Property profile & analytics
OFF-MARKET
Land

1515 Mlk Blvd Panama City, FL 32405

Property ID
Property summary
AI-generated overview

This exceptional .5-acre commercial land parcel, totaling 21,780 square feet, presents a remarkable development opportunity in Panama City, Florida. Strategically located at 1515 N MLK Blvd, this property boasts prominent frontage on Highway 77, offering excellent visibility and accessibility. Its proximity to the intersection of Highway 77 and 15th Street ensures high traffic volume and convenient access for potential businesses. The lot is already cleared, eliminating the need for costly site preparation, and is ready for immediate development. Detailed site plans reveal established setbacks of 15 feet in the front, 20 feet in the rear, and 5 feet on each side. The asking price for this prime commercial land is $170,000. All dimensions and measurements are approximate

Property profile
Verified
Property type Land
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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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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