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Property profile & analytics
OFF-MARKET
Land

2242 East Ave Panama City, FL 32405

Property ID
Property summary
AI-generated overview

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.

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
Current use
Occupant on record · Public records
  • Ware Oil & Supply Co Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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