612 Mckenzie Ave Panama City, FL 32401

Property Details for 612 Mckenzie Ave

Property type

Commercial real estate

Description

This exceptional .70-acre commercial lot, located at 612 McKenzie Avenue in Panama City, Florida, presents a significant investment opportunity. Zoned Commercial DTD, this property is ideally situated within the revitalizing downtown district, offering diverse development potential. Its strategic location near the corner of 6th Street and McKenzie Avenue places it at the heart of Panama City's growth. The zoning allows for a wide range of uses, including single or multi-family structures, restaurants, bars, professional offices, retail spaces, cafes, lounges, and specialty food stores – all contributing to the city's economic expansion. The property's designation as an Opportunity Zone provides favorable federal tax capital gains treatment for investors. The asking price reflects a significant price reduction, making this a compelling opportunity to capitalize on the ongoing revitalization efforts in downtown Panama City. The lot size is 30,536 square feet, and the property's potential for generating cash flow and future wealth is substantial. Photos show the cleared land, ready for development. This is a rare chance to acquire a key piece of Panama City's burgeoning commercial landscape. The 32401 zip code ensures easy access to the city's amenities and infrastructure.