224 E 8th Avenue

Details

Welcome to Revitalized and Beautiful Panama City! The downtown area has had numerous improvements and is becoming a booming tourist destination with numerous favorite and new restaurants, boutique shopping, special events, offices, and much more on the way. Get in before the prices skyrocket!This Mixed-Use property is comprised of 5 lots, on a corner street with an alley for easy access. Whether building homes, townhomes, or your commercial business, you're only a block from the Downtown Social District and all that Panama City has to offer. With a low number of vacation rentals near downtown, this property is a great candidate for future income generation. With current Mixed-Use 2 classification you can build up to 6 units.The property currently includes a 1936 3 Bed 2 Bath Home with a 2020 Roof that needs updates, a 20' x 28' concrete block garage facing the alley, and a 22' x 38' concrete block building facing McKenzie Ave. Both outbuildings require repairs. It is being offered at land value. Flood Zone X = No Flood Insurance Required. Recent Survey, Zoning, and more information available. All sizes, dimensions, and uses are approximate. Buyer to verify.