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About This Home
This 0-bedroom, 0-bathroom condo at 1014 Mercedes Avenue in Panama City, FL is listed for $265,000. on a 2.50 acres lot.
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.
Key Features
- 2.50 acre lot
Monthly Cost Estimate
$1,417/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1014 Mercedes Avenue
Panama City, FL 32401
Questions & Answers
This 0-bedroom, 0-bathroom condo at 1014 Mercedes Avenue is listed at $265,000. The estimated monthly payment is $1,148 based on 20% down at 6.5% interest.
Key features include: 2.50 acre lot.
This property is listed by Patrick D Pate and can be reached at 8503817273 or ppatebeachlife@gmail.com.






