$110,000
Panama City, FL 32404
MLS# 748671
Status: Sold

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Property Description
Discover the potential of this exceptional commercial property strategically situated at the dynamic intersection of N Berthe Avenue and Cherry Street in Panama City. Boasting a Commercial 1 zoning designation, this 0.74-acre lot offers endless possibilities for a range of commercial enterprises. With 180 feet of frontage on both N Berthe Avenue and Cherry Street, visibility and accessibility are guaranteed. Key Features: Unbeatable Location: Located at a bustling intersection, this property offers maximum visibility and exposure, benefitting from an annual average daily traffic of 4,400 vehicles on N Berthe Avenue and 5,500 vehicles on Cherry Street. Zoning Flexibility: The Commercial 1 zoning permits a wide variety of uses, including retail spaces of less than 30,000 square feet, convenience stores, gas stations, laundromats, day care centers, and more. Ample Space: With 0.74 acres at your disposal, you have the freedom to design and construct your commercial vision, whether it's a new development or adaptive reuse. Flood-Free Zone: Rest easy knowing that this property is not located in a flood zone, mitigating concerns related to weather-related issues. Don't miss this golden opportunity to secure a strategically positioned commercial property in Panama City.
Details
Maps
Contract Info
List Date: 2023-10-25
List Price: $135,000
List Price/Acre: 182432.43
Current Price: $110,000
Sub-Type: Vacant Land
List Type: Exclusive Right of Sale
Location Tax Legal
Street #: 118
Street Direction: N
Street Name: Berthe
Street Suffix: Avenue
State: FL
Zip Code: 32404
County: Bay
Area: 02 - Bay County - Central
Subdivision: No Named Subdivision
Parcel ID: 06504-000-000
Legal Description: 8 4S 13W -106- 131D3 BEG 450' S OF SW COR OF NW1/4 OF SW1/4 OF SW1/4 TH S 210' E 210' N 210' W 210' TO ORB 4606 P 1760
General Property Info
Acreage: 0.74
Lot Size (SqFt): 32365
Is Subject Leased: No
Status Change Info
Status: Sold
Under Contract Date: 2024-09-09
Sold Date: 2024-09-23
Sold Price: $110,000
Sold Price/Acre: 148648.65
Property Features
TransportationAccess: City Road; Paved
Financing: Cash; Conventional
Lot Features: Cleared; Level; Within 1/2 Mile to Water
Utilities: Public Sewer - Connected; Water Connected
Present Zoning: Commercial
Listing Office: Keller Williams Success Realty
Last Updated: October - 08 - 2024
Information deemed reliable but not guaranteed.