1505 Fairy Ave Panama City, FL 32405
This exceptional 20,160 square foot commercial property, located at 1505 Fairy Avenue in Panama City, Florida, presents a unique investment opportunity. Situated in Bay County, zip code 32405, this land parcel is conveniently located just off 15th Street, providing easy access to a thriving business district. The property's zoning designation is GC2, allowing for a variety of uses, including offices and small businesses. This versatile land is ideal for entrepreneurs seeking a strategic location to establish their operations or for investors looking for a strong return. The property's agricultural and manufacturing subtypes offer flexibility for diverse development plans. Its prime location near 15th Street ensures high visibility and convenient access to essential amenities and transportation routes. The asking price for this exceptional property is $422,000. With its strategic location, flexible zoning, and substantial lot size, this property represents a compelling investment opportunity in a dynamic Florida market. The latitude and longitude coordinates are 30.175909 and -85.6850192 respectively. This is a rare chance to acquire a well-positioned commercial lot in a growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.