2242 East Ave Panama City, FL 32405
This exceptional 67,518 square foot commercial lot is ideally situated in Panama City, Florida, at 2242 N East Avenue. Boasting a central location between Highway 231 and Highway 98, this property offers unparalleled accessibility and visibility. Zoned General Commercial, this 1.55-acre parcel is completely cleared and ready for immediate development, eliminating costly site preparation. Previously improved, the existing structures were removed following Hurricane Michael, presenting a clean slate for new construction. The asking price is $269,000, representing a compelling opportunity for investors and developers seeking a strategic location in a thriving market. The property's location in Bay County, Florida, with a zip code of 32405, provides easy access to major transportation routes and a robust local economy. This is a rare chance to acquire a fully prepared commercial lot in a high-demand area, primed for a variety of commercial ventures. The property's size and zoning make it suitable for a wide range of uses, from retail and office spaces to light industrial facilities. Don't miss this chance to secure a prime piece of Panama City real estate.
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Ware Oil & Supply Co Factory Production Facility
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.