1828 Sherman Ave Panama City, FL 32405
This exceptional 47,655 square foot vacant commercial land parcel is situated at 1828 Sherman Avenue in Panama City, Florida, zip code 32405. Zoned for General Commercial use, this property presents a significant opportunity for developers and businesses seeking expansion. The lot's size offers ample space for a variety of commercial projects. Its strategic location provides excellent visibility and accessibility, contributing to its high potential. Data from 2021 indicates an average daily traffic count of approximately 4,300 vehicles, underscoring the significant potential for customer traffic and business success. The property is located in Bay County, Florida, and its coordinates are 30.1795898 latitude and -85.6327836 longitude. The asking price for this prime commercial land is $240,000. This represents a compelling investment opportunity in a thriving area with strong potential for future growth and return. Don't miss this chance to acquire a highly desirable commercial property in a prime Panama City location.
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
Similar Nearby for Lease
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.