About This Home

This 0-bedroom, 0-bathroom commercial at 1014 Mercedes Avenue in Panama City, FL is listed for $260,000. on a 2.50 acres lot.

Key Features

  • 2.50 acre lot
Listing Description

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. 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, strong development flexibility, and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is perfectly positioned for growth and long-term value. Whether you are looking to develop multifamily housing, professional office space, educational facilities, or a mixed-use

investment project, this property presents a rare opportunity in one of the area's most desirable and rapidly growing locations. All measurements and items of importance are to be confirmed by buyer or buyer agent.

Monthly Cost Estimate

$1,391/mo

20% down · 6.5% · 30 years

Principal$188
Interest$1,127
Insurance$76

Estimates only. Actual payments may vary.

Location

1014 Mercedes Avenue

Panama City, FL 32401

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1014 Mercedes Avenue is listed at $260,000. The estimated monthly payment is $1,391 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 2.50 acre lot.

This property is listed by Patrick D Pate.

PP

Patrick D Pate

License 3437592

Agent at Beach Haven Realty

Listed by Beach Haven Realty · Broker phone: (770) 596-6599 · Broker website

MLS# 1002849· Source: Emerald Coast Association of Realtors· 173 days on PropertySimple

Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1014 Mercedes Avenue, Panama City, FL 32401

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