# 1014 Mercedes Avenue, Panama City, FL 32401

> **TL;DR:** commercial, $265,000. Est. $1,148/mo. Listed 24 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $265,000 |
| Lot Size | 108,900 sqft (2.50 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 24 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,148 |
| **Total** | **$1,148** |

## Property Highlights

- 2.50 acre lot

## Description

### Agent 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. 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, 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.

## Location

- **Address:** 1014 Mercedes Avenue, Panama City, FL 32401
- **County:** Bay
- **Neighborhood:** No Named Subdivision
- **Coordinates:** 30.1672, -85.645592
- **Google Maps:** https://www.google.com/maps?q=30.1672,-85.645592

## Listing Agent

- **Name:** Patrick D Pate
- **Brokerage:** Beach Haven Realty
- **Phone:** 8503817273
- **Email:** ppatebeachlife@gmail.com

## Primary Photo

![1014 Mercedes Avenue - Primary Photo](http://lh.rdcpix.com/4ecbf0e5a48b33f33e21ed9240754145l-f188238117r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.com/listing/1014-mercedes-avenue-panama-city-fl-32401-l789657)*

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**MLS#:** 789657 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Central Panhandle 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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1014-mercedes-avenue-panama-city-fl-32401-l789657)

---

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