$244,900
Panama City, FL 32401
MLS# 778186
1364 sqft
1 / 13
Property Description
✨ All the vintage charm of Grandma's house—only better! ✨ This MU-3 zoned property (multi-use zoning) offers residential and light commercial possibilities, making it the perfect opportunity for a live/work lifestyle. Lovingly restored, 1011 Grace Ave retains much of its original character, including the gorgeous heart-pine hardwood floors you'll spot in the photos. With thoughtful updates already completed, this property is ready for you to take it to the next level. Highlights include: MU-3 zoning: residential + light commercial use potential Ample parking in the front and rear with coveted alley access Flexible layout—convert to a primary residence, second home, or investment property Room to expand toward the alley for added space or functionality Surrounded by new construction—an area on the rise! Much of the heavy lifting has already been done—now it's your chance to customize and make it your own.
Details
Maps
Contract Info
List Date: 2025-08-26
List Price: $244,900
List Price/SqFt: 179.55
Current Price: $244,900
Sub-Type: Office
Location
Area: 02 - Bay County - Central
Street #: 1011
Street Name: Grace
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 - Bay - Central SW
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 18110-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: Traveling east on 11th Street from intersection of Jenks and 11th, right on Grace. Property on right.
Legal Description: 5 4S 14W -76- 29B BEG 100' N OF INTERSECT OF N R/W OF 10TH ST & W R/W GRACE AV N 60' W 140' S 60' E 140' TO POB ORB 1055 P 1013-ORB 1066 P1950
General Property Info
List Class: Other
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Stories in Building: 1
Site Dimensions: 60 x 140
Acreage: 0.19
SqFt - Office: 8508669918
SqFt Tot Bldg: 1364
Year Built: 1933
Status Change Info
Status: Active
Business Only
Year Built: 1933
Building SqFt: 1346
Office
Year Built: 1933
Property Features
Accessibility Features: Accessible Approach with Ramp; Accessible Entrance
Energy: AC - Central Elect; Heat - Central Electric
Financing: Conventional
Present Zoning: Other - See Remarks
Sale Type: As Is
Site Description: Level
Utilities: Electricity - Connected; Internet - Broadband Available; Public Sewer - Connected; Water Connected
Listing Office: Coldwell Banker Realty
Last Updated: October - 07 - 2025
Information deemed reliable but not guaranteed.