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Property profile & analytics

2124 3Rd St Panama City, FL 32401

  • Commercial land
  • 1,782 SF
  • 0.06 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US18-5775840
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial land

Property Details for 2124 3Rd St

Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.06 lot acres
Property size
1,782 SF
Zone code
PC09
Property type
Commercial land
APN
22861-000-000
APU
22861000000

Description

This exceptional 2,526 square foot vacant lot presents a remarkable opportunity for entrepreneurs in Panama City, Florida. Located at 2124 E 3rd Street, this property boasts a highly desirable location in the heart of Millville, directly adjacent to Gene's Oyster Shack and across the street from Tropical Drinks Restaurant, ensuring high visibility and foot traffic. The lot is zoned for commercial use and offers significant potential for a diverse range of businesses, including but not limited to coffee shops, boutiques, motorsports garages, workshops, or showrooms. A significant advantage is the pre-existing concrete slab, a remnant from a previous structure, which can significantly reduce construction costs and time. Furthermore, essential utilities including water, sewer, and gas lines are readily available for connection, streamlining the development process. While the property lines shown in any marketing materials are approximate, a previous survey is available for review. Buyers are encouraged to conduct their own due diligence to verify property lines if deemed necessary. This is a truly exceptional opportunity to establish a thriving business in a vibrant and well-established commercial area. The asking price for this prime commercial lot is $70,000. Don't miss out on this chance to secure your future in Panama City's bustling Millville district. The property is located in Bay County, Florida, zip code 32401.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Panama City
County
Bay
State
Florida
Longitude
-85.6329
Latitude
30.153
CBSA code
37460
CBSA name
PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$334
$12,800
$0.00
$12,800
-
$12,800
$0.00
$12,800
More about this property
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