1304 19Th StPanama City, FL 32405

Property Details for 1304 19Th St

Year built

1977

Construction

STEEL FRAME

Lot size

1.28 AC

Property size (Sq ft)

6,308 SF

Zone code

PC09

Property type

Retail properties

Property subtype

Other retail properties

APN

13784-050-000

APU

13784050000

Description

This exceptional commercial property, located at 1304 W 19th Street in Panama City, Florida, presents a unique investment opportunity. The 6,308 square foot building, constructed in 1977, sits on a sizable 55,756.8 square foot lot – over an acre of land. Currently configured as an auto-body repair shop, this versatile property offers significant potential for a variety of uses. The existing structure could continue its automotive function, potentially in conjunction with the adjacent auto repair shop (available for separate purchase). Alternatively, the property's ample space and zoning (C-1) lend themselves to repurposing for manufacturing or production. The property boasts 165 feet of street frontage and a substantial 28,000 square feet of paved parking, providing ample space for customers, employees, and inventory. Its strategic location, just a few miles from the Port of Panama City and Tyndall Air Force Base, offers excellent accessibility and logistical advantages. Bay County's robust population growth (over 150% in recent years), coupled with Florida's favorable tax climate, makes this property an attractive option for businesses seeking expansion or relocation. The asking price is $1,299,990. This is a rare opportunity to acquire a substantial commercial property in a thriving Florida market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,696,573

  6.5%

  $1,566,068

  7%

  $1,454,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,130,058

  Geo Method

  $1,130,058

• Alternative Use

  Use

  Valuation

  Residential

  $1,321,037

  Hospitality

  $1,210,062

  Educational

  $1,006,758

  Medical

  $1,041,382

  Retail

  $1,566,068

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1831

Longitude

-85.6808

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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