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1410 Wilmont Ave Panama City, FL 32401

OFF-MARKET Specialty properties Google Maps
4,653 SF Built 1960
Estimated value
No estimation on file for this property yet.
Property ID US18-3039285

Property summary

AI-generated overview

This exceptional Panama City, Florida property presents a rare investment opportunity. Located at 1410 Wilmont Avenue, this special purpose property boasts a total of 4,653 square feet across two existing structures situated on a generous 18,295.2 square foot lot. The main building, exceeding 2,800 square feet, previously served as a church, offering substantial space for redevelopment. A second building, slightly over 1,000 square feet, was formerly used as a residence. Additionally, a smaller shed is located at the rear of the lot. Built in 1960, the property requires some renovation, presenting a chance to create a unique and profitable venture. Its prime location, just one block from Highway 98 and in close proximity to the Saint Andrews area, offers excellent visibility and accessibility. The property is being sold in its "as-is" condition, allowing for maximum flexibility in its future use. This is a remarkable opportunity to acquire a substantial property with significant potential in a desirable location. The asking price is $299,999. The property's zoning and permitted uses should be independently verified.

Property profile

Verified
Property type Specialty properties
Year built 1960
Total area 4,653 SF
UPID US18-3039285

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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