2105 Martin Luther King Jr BlvdPanama City, FL 32405

Property Details for 2105 Martin Luther King Jr Blvd

Year built

1981

Construction

WOOD FRAME

Lot size

0.98 AC

Property size (Sq ft)

4,764 SF

Zone code

PC09

Property type

Land

Property subtype

Commercial land

APN

14412-010-000

APU

14412010000

Description

This exceptional 1.01-acre commercial land parcel presents a remarkable opportunity for retail or restaurant development in Panama City, Florida. Situated at 2105 Martin Luther King Jr Blvd, this single-tenant property boasts a highly desirable location within a thriving retail corridor, enjoying excellent visibility and accessibility along a major thoroughfare with an impressive 22,500 AADT. The property's COM zoning allows for a variety of uses, making it ideal for a quick-service restaurant (QSR), retail establishment, or other similar ventures. Its strategic placement near the intersection of E 23rd St and Martin Luther King Jr Blvd (58,000 AADT) places it within the core retail trade area of Panama City, benefiting from significant traffic volume. The site enjoys proximity to a major 200,000 square foot shopping center (Bay City Point) and is directly across from the Panama City Mall, ensuring high foot traffic and brand recognition. The property's adjacency to established national retailers and restaurants, including Target, Home Depot, Best Buy, Lowe's, and numerous popular dining options, further enhances its appeal and potential. The owner is actively pursuing cross-access with the adjacent shopping center, promising even greater convenience and synergy. This location's strong demographics and high traffic counts have attracted numerous national brands, underscoring the area's robust economic vitality and growth potential. The property's APN is 14412-010-000, located in Bay County, Florida, zip code 32405. This is a ground lease or build-to-suit opportunity not to be missed.

• Alternative Use

  Use

  Valuation

  Residential

  $997,683

  Hospitality

  $913,873

  Educational

  $760,331

  Medical

  $786,480

  Retail

  $1,182,738

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1862

Longitude

-85.6507

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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