$525,000
Panama City, FL 32401
MLS# 776507
4500 sqft
1 / 19
Property Description
Excellent 1.2 Acre Commercial Development Opportunity / Retail Site available consisting of 3 parcels. (18373-000-000, 18373-000-000 & 18374-000-000) Building #1 is approximately 3,000 +/- Sq Ft. and approximately 18' high. Building #2 is approximately 1,500 +/- Sq Ft. with additional paved parking area. Some improvements sustained storm damage and partial repairs have been completed. Surveys and Certified engineered plans for the rebuild of building #1 are available. No value is applied to the Key building located at 1451 Jenks Ave. The FDOT acquired part of the building for right of way expansion. The current tenant is relocating and the building is anticipated to be demolished. Current zoning will not allow any residential uses. All measurements are estimated, please verify all information if important.
Details
Maps
Contract Info
List Date: 2025-07-19
List Price: $525,000
List Price/SqFt: 116.67
Current Price: $525,000
Sub-Type: Retail
Location
Area: 02 - Bay County - Central
Street #: 211
Street Direction: W
Street Name: 15th
Street Suffix: Street
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 - Bay - Central SW
Subdivision: Segler
Community/Resort: None
Waterfront: No
Parcel ID: 18039-000-000
Elementary School: Northside
Middle School: Jinks
High School: Bay
Directions: Property is located at the corner of 15th Street (Hwy 98) and Jenks Ave.
Legal Description: 5 4S 14W -1.3- 28B BEG 40' S NE COR NW1/4 OF NE1/4 TH W 900' S 590' E 788.64' NE 146.26' ON RR R/W N 495.3' TO POB. & ALL BLK 4 SEGLER & VACATED SOUTH 1/2 14TH CT R/W LESS PRCL,LESS -1.13- ORB 4173 P 483
General Property Info
List Class: Retail Store
Immediate Occupancy: Yes
Construction Status: Under Construction
Acreage: 1.23
SqFt Tot Bldg: 4500
Year Built: 1980
Ceiling Height: 18
Status Change Info
Status: Active
Property Features
Present Zoning: Commercial
Utilities: Electricity - Connected; Public Sewer - Connected; Water Connected
Listing Office: Portfolio Real Estate and Management Group
Last Updated: July - 20 - 2025
Information deemed reliable but not guaranteed.