2150 Martin Luther King Jr Blvd, Panama City, FL 32405-5331
- Super regional malls
- 326,879 SF
- 24.39 lot acres
Current Use by Public Records
- Panama City Mall / Shopping Center & Mall
- VIP Cinemas / Cinema / Theater & Performing Art Venue
- SNIPES / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
- Olan Mills / Photography Service / (Bike/Boat/Book/etc) Store
- Shores of Panama by Emerald View Resorts / Hotel & Motel
Property Details for 2150 Martin Luther King Jr Blvd
- Year built
- 1976
- Construction
- CONCRETE
- Lot size
- 24.39 lot acres
- Zone code
- PC09
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- 14405-020-000
- APU
- 14405020000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 4, 2019 | — | Kdi Hendon Panama Redev LLC | Kdi Panama Mall LLC | Quit Claim Deed · related | — |
| Sep 10, 2013 | $42,000,000 | Kdi Panama Mall LLC | LLC,panama City Mall | Grant Deed | — |
| Jun 4, 2002 | $24,303,000 | Panama City Mall LLC | Panama City Assoc LLC | Grant Deed · related | — |
Description
This exceptional 54.15-acre site presents a unique mixed-use redevelopment opportunity in the heart of Panama City, Florida. The property encompasses a substantial 600,000 square feet of vacant commercial space, ripe for revitalization following Hurricane Michael in 2018. This expansive footprint allows for a diverse range of development possibilities, including a large-scale commercial project, with ample space for retail establishments, restaurants, and entertainment venues. The significant acreage also offers the potential for the addition of residential components, such as apartments or a hotel, creating a vibrant and self-contained community. The availability of outparcels provides further flexibility for development and strategic partnerships. This is a rare chance to shape the future of a key location in Panama City, capitalizing on the significant demand for new commercial and residential spaces in a rapidly recovering market. The scale of this project offers substantial returns for a developer with a vision for a dynamic and thriving mixed-use development. The sheer size and potential of this property make it an unparalleled investment opportunity in a desirable Florida location. All 600,000 square feet is currently vacant, providing a blank canvas for a transformative project. The extensive acreage allows for ample parking and expansive landscaping, enhancing the overall appeal and functionality of the development.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.6475
- Latitude
- 30.1873
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
