For Sale
$565,000

2900 5Th StPanama City, FL 32401

Versatile Property, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Panama City commercial property, listed at $565,000, offers 4,672 square feet on a 0.33-acre lot (14,374.8 sq ft). Built in 1947, the property comprises two buildings: a 1,976 sq ft restaurant with a 1,242 sq ft apartment above, and a renovated 1,262 sq ft office/retail space. The GC-2 zoning allows for a variety of commercial uses, including retail, professional offices, and service businesses. Located on 2900 E 5th Street, Panama City, FL 32401, this property benefits from high visibility and accessibility, with an annual average daily traffic count of 18,100 vehicles. This presents a unique investment opportunity or a versatile space for your business, combining ample space, flexible zoning, and strong income potential. The property's prime location and diverse building options make it an attractive proposition for a wide range of commercial ventures. This is a rare opportunity to acquire a well-situated commercial property in a thriving area of Panama City. The combination of existing income streams and potential for future growth makes this an exceptional investment.

Highlights

  • Asking Price: $565,000
  • Property Type: Special Purpose; 4,672 SF building on a 0.33-acre lot (14,374.8 sq ft)
  • Year Built: 1947
  • Location: 2900 E 5th Street, Panama City, FL 32401, high traffic area (18,100 AADT)
  • Features two buildings: a 1,976 SF restaurant with a 1,242 SF apartment, and a 1,262 SF renovated office/retail space.
  • Zoned GC-2 (General Commercial-2), allowing for retail, professional offices, and service businesses.

Property Details for 2900 5Th St

Property type
Specialty properties
Square Feet
4,672 SF
Year Built
1947

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.156685
Longitude
-85.6226488
2900 5Th St, Panama City, Florida

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2900 5Th St
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