1200 19Th St Panama City, FL 32405
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.
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
Similar Nearby for Lease
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.