922 East AvePanama City, FL 32401

  • Retail properties
  • 2,850 SF
For Sale
$433,000 View listing

Property Details for 922 East Ave

Year built
1954
Property size (Sq ft)
2,850 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

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.

922 East Ave, Panama City, Florida

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.1657
Longitude
-85.6247

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