1515 Mlk Blvd Panama City, FL 32405
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
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.