5310 14Th St Panama City, FL 32404
This exceptional 5-acre commercial property in Panama City, Florida, presents a unique investment opportunity. Located at 5310 E 14th Street, zip code 32404, this property boasts a 1,421 square foot cottage built in 1935, featuring three bedrooms and one bathroom. The cottage, ideal for immediate office use, includes a large covered porch and a durable metal roof. Its spacious living room and kitchen offer ample space for various business needs. The three bedrooms could easily be converted into additional offices or workspaces. The expansive 217,800 square foot lot is completely cleared, providing significant flexibility for development or expansion. The property is ready for immediate use, with all existing equipment to be removed before closing. This location offers excellent visibility and accessibility, making it suitable for a wide range of commercial ventures, from parking to office space. The asking price is $899,000. Don't miss this chance to acquire a versatile and strategically located commercial property in a thriving Florida market.
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.