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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1304 19th St Panama City, FL 32405-4105

6,308 SF 1.28 ac lot Built 1977
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-0062924
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1977
Construction STEEL FRAME
Total area 6,308 SF
Lot 1.28 ac (55,844 SF)
Zoning code PC09
APN 13784-050-000
UPID US18-0062924
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
  • Professional Auto Body Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Danny Leger · 21 yrs held
Danny Leger
since 2005
1 recorded transaction
2005
$300,000
Zoning & alternative use
PC09 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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