622 Harmon Ave Panama City, FL 32401
This exceptional 3,572 square foot commercial lot is ideally situated in Panama City, Florida's vibrant downtown district at 622 Harmon Avenue, zip code 32401. Zoned Commercial DTD, this cleared parcel presents a multitude of development opportunities. Its central location offers easy access to local businesses and amenities, making it suitable for various commercial ventures or multi-use residential projects. The property's versatility extends to potential use as additional parking for nearby businesses, capitalizing on the high demand for parking in the area. The parcel number is 19819-000-000. This represents a unique investment chance in the ongoing revitalization of downtown Panama City. Adjacent parcels are also available for purchase, presenting the possibility of acquiring a larger contiguous land holding. This prime location offers significant potential for growth and return on investment, making it an attractive proposition for discerning buyers seeking to participate in the exciting transformation of Panama City's downtown core. The property is ready for immediate development, offering a streamlined path to realizing your investment goals. Don't miss this opportunity to secure a piece of Panama City's thriving downtown.
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.