5120 Hwy 22 HwyPanama City, FL 32404

This exceptional 1-acre commercial property, located at 5120 E Highway 22 in Panama City, Florida, presents a rare investment opportunity. Boasting 1,040 square feet of existing building space, currently configured as a home, this property offers significant potential for conversion into a business office. The expansive 43,995.6 square foot lot provides ample space for trucks, supplies, materials, or additional structures, making it ideal for businesses requiring significant outdoor space. The property enjoys high visibility due to its corner lot location and 180-foot frontage on Highway 22, ensuring excellent exposure. While currently zoned R6 residential, the City of Callaway has indicated a straightforward rezoning process for commercial use, given the area's predominantly commercial character. The existing home features a recently installed roof and front porch, along with original hardwood floors. While some repairs and updates are needed, the property benefits from city water and sewer connections. Offered at $189,000, this property represents a unique chance to acquire a versatile commercial space with significant development potential in a prime location. Built in 1950, this property is ready for its next chapter. Don't miss this chance to own a piece of Panama City's commercial landscape. The zip code is 32404.