1220 19Th StPanama City, FL 32405

Property Details for 1220 19Th St

Year built

1978

Construction

STEEL FRAME

Lot size

1.04 AC

Property size (Sq ft)

3,000 SF

Zone code

PC09

Property type

Retail properties

Property subtype

Other retail properties

APN

13784-022-000

APU

13784022000

Description

This exceptional Panama City, Florida commercial property, located at 1220 W 19th Street, presents a unique investment opportunity. Currently operating as an auto repair shop (potentially available for sale separately alongside the adjacent auto body shop), this 3,000 square foot building sits on a sizable 45,302.4 square foot lot – over an acre of land. The property boasts 140 feet of street frontage and an expansive 32,000 square feet of paved parking, offering significant flexibility for a variety of uses. Its strategic location, just a few miles from the Port of Panama City and Tyndall Air Force Base, provides excellent access to transportation and infrastructure. Currently zoned C-1, the property's potential extends beyond automotive uses, with suitability for manufacturing or production businesses. Built in 1978, this property benefits from Bay County's robust population growth (over 150% in recent years) and Florida's attractive low-tax environment, making it an ideal location for expansion or relocation. The asking price is $1,299,990.

• CAP approach

  CAP return

  Valuation

  6%

  $806,867

  6.5%

  $744,801

  7%

  $691,601

• Comparable approach

  Method

  Valuation

  Relative Method

  $537,440

  Geo Method

  $537,440

• Alternative Use

  Use

  Valuation

  Residential

  $628,267

  Hospitality

  $575,489

  Educational

  $478,800

  Medical

  $495,267

  Retail

  $744,801

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1831

Longitude

-85.6802

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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