For Sale
$433,000

922 East AvePanama City, FL 32401

1-Acre Commercial Lot, 2,850 SF Building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Panama City, Florida commercial property presents a unique investment opportunity. Located at 922 N East Avenue, this 1-acre lot boasts 132 feet of frontage on N East Avenue and is zoned General Commercial 1. The property includes a 2,850 square foot, single-story building constructed in 1954, currently featuring a three-bedroom, one-and-a-half-bathroom residence easily adaptable for office or retail use. A significant asset is a 30' x 40' metal building equipped with underground electrical and a 400-amp, three-phase circuit panel. Note that this metal building sustained hurricane damage requiring roof replacement. Additional improvements include a 10' x 12' concrete storage building situated behind the residence. The property's convenient location and ample space offer considerable development potential, suitable for a retail plaza, complex, or expanded storage facilities. This property is priced at $433,000 (equipment not included). The asking price of $483,000 includes approximately $50,000 worth of existing fabrication equipment. This is a prime location with excellent transportation access and high potential for future business growth.

Highlights

  • 1-Acre commercial lot in Panama City, FL, with 132 feet of frontage on N East Avenue.
  • Zoned General Commercial 1.
  • Includes a 2,850 sq ft, 1954-built single-story building adaptable for office or retail; currently a 3 bed/1.5 bath residence.
  • Features a 30' x 40' metal building (needs roof repair due to hurricane damage) with underground electric and a 400-amp, three-phase panel.
  • Also includes a 10' x 12' concrete storage building.
  • Asking price: $483,000 (includes ~$50,000 in fabrication equipment); $433,000 (equipment excluded).

Property Details for 922 East Ave

Property type
Retail properties
Square Feet
2,850 SF
Year Built
1954
Stories
1

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.165702
Longitude
-85.6246765
922 East Ave, Panama City, Florida

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922 East Ave
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