$459,000
Panama City, FL 32401
MLS# 761477
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Property Description
PRICE REDUCTION on this beautiful piece of property near downtown Panama City! 612 McKenzie Ave is a large valuable commercial investment property located inside the downtown district of Panama City. Zoned commercial DTD, which aligns with the vision of redevelopment and vitality in the downtown area and allows for many different commercial or residential uses. Per planning and zoning, but verify with Leslie, DTD zoning allows for a maximum density of 30 units per acre. The property appraiser website shows that the acreage is 0.701. This would allow for a maximum of 21 units. If you are an investor looking to invest in the growth of the downtown district this property can be developed and used as single or multi-family structures, bars and restaurants, professional offices, open air retail space, cafes and lounges, and specialty food stores to name a few of the choices that encourage and promote economic growth in the City. This property is also located in an 'Opportunity Zone- which allows for favorable federal tax capital gains treatment.' Location is the key for this oversized lot as it is perfectly situated close to the hub of Panama City. This .70-acre piece of property is strategically situated near the corner of 6th Street and McKenzie Ave. The revitalization that is currently taking place around this land makes it most desirable. Current growth within the proximity of 612 McKenzie Blvd includes some very favorable developments. Invest in the future of Downtown Panama City by acquiring this property as a commodity to be converted into cash flows and future wealth for your business. Check out this valuable piece of property and invest in the future growth of Panama City!
Details
Maps
Contract Info
List Price/Acre: 655714.29
List Type: Exclusive Right of Sale
Named Exception: No
List Date: 2024-08-16
List Price: $459,000
Current Price: $459,000
Sub-Type: Land/Acres
Location, Tax & Legal
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: No
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From Harrison Ave turn east on 6th St. and then turn left on McKenzie Ave. Look for agent signs on your right.
HOA Fee: No
Street #: 612
Street Name: McKenzie
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Area: 02 - Bay County - Central
Subdivision: No Named Subdivision
Parcel ID: 19819-000-000
Legal Description: GCD PLAT MAP 105C2 LOT 23,24 & 25 LESS S 5' LOT 23 & LOTS 26, 27, 28 BLK 25 ORB 940 P 1467
General Property Info
Acreage: 0.7
Lot Size (SqFt): 30536
Is Subject Leased: No
Remarks & Misc
Remarks: PRICE REDUCTION on this beautiful piece of property near downtown Panama City! 612 McKenzie Ave is a large valuable commercial investment property located inside the downtown district of Panama City. Zoned commercial DTD, which aligns with the vision of redevelopment and vitality in the downtown area and allows for many different commercial or residential uses. Per planning and zoning, but verify with Leslie, DTD zoning allows for a maximum density of 30 units per acre. The property appraiser website shows that the acreage is 0.701. This would allow for a maximum of 21 units. If you are an investor looking to invest in the growth of the downtown district this property can be developed and used as single or multi-family structures, bars and restaurants, professional offices, open air retail space, cafes and lounges, and specialty food stores to name a few of the choices that encourage and promote economic growth in the City. This property is also located in an 'Opportunity Zone- which allows for favorable federal tax capital gains treatment.' Location is the key for this oversized lot as it is perfectly situated close to the hub of Panama City. This .70-acre piece of property is strategically situated near the corner of 6th Street and McKenzie Ave. The revitalization that is currently taking place around this land makes it most desirable. Current growth within the proximity of 612 McKenzie Blvd includes some very favorable developments. Invest in the future of Downtown Panama City by acquiring this property as a commodity to be converted into cash flows and future wealth for your business. Check out this valuable piece of property and invest in the future growth of Panama City!
Financing
Cash: 1
Conventional: 1
Lot Features
Build To Suit: 1
Near Public Boat Ramp: 1
Sidewalk: 1
Within 1/2 Mile to Water: 1
Lot/Parcel Access
City Road: 1
Paved Road: 1
Present Zoning
Commercial: 1
Resid Single Family: 1
Utilities
Electricity - Connected: 1
Garbage: 1
Water Connected: 1
Sale Type
Accept Backup Offers: 1
As Is: 1
TransportationAccess
2 - Lane: 1
City Road: 1
Paved: 1
Status Change Info
Status: Active
Property Features
TransportationAccess: 2 - Lane; City Road; Paved
Financing: Cash; Conventional
Lot Features: Build To Suit; Near Public Boat Ramp; Sidewalk; Within 1/2 Mile to Water
Sale Type: Accept Backup Offers; As Is
Utilities: Electricity - Connected; Garbage; Water Connected
Present Zoning: Commercial; Resid Single Family
Listing Office: Coastal Palms Real Estate
Last Updated: May - 30 - 2026
Information deemed reliable but not guaranteed.