5220 Cherry St Panama City, FL 32404
Versatile Corner Lot Gem with Mixed-Use Zoning! Discover an exceptional opportunity in this large home situated on a prominent corner lot, offering a highly convenient location. Boasting ''mixed use'' zoning, this property presents incredible potential, whether you envision it as a spacious residence or a strategic office space for your business. Currently configured as a 3-bedroom, 1-bathroom home, it features a functional kitchen, an inside laundry room for added convenience, a comfortable living room, and a generously sized family room complete with a cozy fireplace. Outside, you'll find a large carport and an expansive corner lot, just under half an acre, providing ample space and visibility. While the roof was replaced in 2019, please note there is still some remaining damage from Hurricane Michael. Capitalize on this great deal and explore the myriad possibilities this unique property offers! (all sizes approximate and taken from public records, buyer to verify any details buyer deems important).
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.