1014 Mercedes Avenue, Panama City, FL 32401

Panama City
Local realty services provided by:Better Homes and Gardens Real Estate Historic
1014 Mercedes Avenue,Panama City, FL 32401
$260,000
  • 2.5 Acres
  • Lots / Land
  • Pending
Listed by: patrick d pate, kay h pate
Office: beach haven realty
MLS#:789657
Source:FL_BCMLS

Price summary

  • Price:$260,000

About this home

''CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS'' HUGE INVESTMENT POTENTIAL!! Positioned in a prime location in the heart of Panama City, this exceptional 2.5-acre corner parcel offers unlimited potential for developers, investors, and business owners alike. Located in an opportunity zone. Zoned Mix Use 3, the property is ideally suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating incredible possibilities for apartments, townhomes, mixed-use concepts, or a live/work community. Extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and wetland survey--saving valuable time and expense for future development. With its highly visible corner location,...

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Home facts

  • Listing ID #:789657
  • Added:53 day(s) ago
  • Updated:July 01, 2026 at 07:28 AM

Structure and exterior

  • Lot area:2.5 Acres

Utilities

  • Sewer:Sewer Available

Finances and disclosures

  • Price:$260,000
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