1304 19th St Panama City, FL 32405-4105
This exceptional commercial property, located at 1304 W 19th Street in Panama City, Florida, presents a unique investment opportunity. The 6,308 square foot building, constructed in 1977, sits on a sizable 55,756.8 square foot lot – over an acre of land. Currently configured as an auto-body repair shop, this versatile property offers significant potential for a variety of uses. The existing structure could continue its automotive function, potentially in conjunction with the adjacent auto repair shop (available for separate purchase). Alternatively, the property's ample space and zoning (C-1) lend themselves to repurposing for manufacturing or production. The property boasts 165 feet of street frontage and a substantial 28,000 square feet of paved parking, providing ample space for customers, employees, and inventory. Its strategic location, just a few miles from the Port of Panama City and Tyndall Air Force Base, offers excellent accessibility and logistical advantages. Bay County's robust population growth (over 150% in recent years), coupled with Florida's favorable tax climate, makes this property an attractive option for businesses seeking expansion or relocation. The asking price is $1,299,990. This is a rare opportunity to acquire a substantial commercial property in a thriving Florida market.
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Professional Auto Body Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PC09 · Panama City, FLPanama City. Always verify with local authorities before improvements.
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.