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OFF-MARKET
Specialty properties

1200 19Th St Panama City, FL 32405

Property ID
Property summary
AI-generated overview

This exceptional 52,272 sq ft commercial lot in Panama City, Florida (32405), presents a remarkable development opportunity. Located at 1200 W 19th Street in Bay County, this property (Lot 4) is ideally situated for a variety of uses. The asking price is $225,000. Significant pre-development work has already been completed, including engineering and wetland delineation studies. These studies allow for 75% impervious land coverage, significantly streamlining the development process. All necessary documentation is readily available. This property's central location offers easy access to key areas, making it highly attractive for various projects. Potential uses include, but are not limited to, medical offices, schools, commercial offices, retail spaces, and even warehouse facilities or laydown yards. The reduced uncertainty associated with completed engineering and wetland studies makes this a truly exceptional opportunity for developers seeking a prime location with minimal upfront hurdles. The property's size and zoning flexibility offer considerable versatility for a wide range of commercial ventures. This is a rare chance to acquire a ready-to-develop parcel in a high-demand area. Don't miss this chance to capitalize on this prime commercial real estate offering.

Property profile
Verified
Property type Specialty properties
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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