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OFF-MARKET
Specialty properties

1200 19Th St Panama City, FL 32405

Property ID
Property summary
AI-generated overview

This exceptional 1.8-acre commercial lot, located at 1200 W 19th St in Panama City, Florida (zip code 32405), presents a unique investment opportunity. Situated on the northwest corner of 19th Street and Northside Drive, this property boasts excellent visibility and frontage on two major roads, ensuring high traffic exposure. The lot size is 78,408 square feet, offering ample space for a variety of commercial developments. Its strategic location makes it particularly well-suited for a medical facility, given the potential to acquire the adjacent lot to create a substantial parking area. The combined parcels, if purchased together, would encompass approximately 3 acres. Due diligence has already been completed, including wetland delineation and stormwater engineering. This pre-planning significantly streamlines the development process, allowing for the immediate determination of maximum building size and facilitating a quicker path to construction. The asking price for this remarkable property is $350,000. This is a rare opportunity to secure a prime commercial parcel in a thriving Florida location.

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
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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