922 East Ave Panama City, FL 32401
- Retail properties
- 2,850 SF
Current Use by Public Records
- Retail properties
Property Details for 922 East Ave
- Year built
- 1954
- Property size
- 2,850 SF
- Property type
- Retail properties
Description
This exceptional Panama City, Florida commercial property presents a unique investment opportunity. Located at 922 N East Avenue, this 1-acre lot boasts 132 feet of frontage on N East Avenue and is zoned General Commercial 1. The property includes a 2,850 square foot, single-story building constructed in 1954, currently featuring a three-bedroom, one-and-a-half-bathroom residence easily adaptable for office or retail use. A significant asset is a 30' x 40' metal building equipped with underground electrical and a 400-amp, three-phase circuit panel. Note that this metal building sustained hurricane damage requiring roof replacement. Additional improvements include a 10' x 12' concrete storage building situated behind the residence. The property's convenient location and ample space offer considerable development potential, suitable for a retail plaza, complex, or expanded storage facilities. This property is priced at $433,000 (equipment not included). The asking price of $483,000 includes approximately $50,000 worth of existing fabrication equipment. This is a prime location with excellent transportation access and high potential for future business growth.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.6247
- Latitude
- 30.1657
