1014 Mercedes Avenue, Panama City, FL 32401

New Listing
$265,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 108,900 Status: Active
Current Price: $265,000 List Date: 5/12/2026 Last Modified: 5/12/2026

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.

More Information MLS# 1002849

Contract Info

GCCMLS Number: 99999999 Listing Board: Emerald Coast List Date: 2026-05-12 List Price: $265,000

Location, Tax and Legal

Sub Area: 2702 - Bay - Central SE Legal Description: 4 4S 14W -76- 69A BEG 60' E OF NE COR OF BLK 1 GLENWOOD ADD TH S 330' EAST TO BAYOU NLY 330' M/L TO THE SLY R/W OF 11TH ST TH RUN WLY TO POB ORB 4505 P 2299

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 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.

Class

Income Producing: 1 Land: 1 Multi-Family: 1

Land

Property Type: Mixed Use

Income Producing

Property Type: Multi-Family

Multi-Family

# of Units: 20

None

Current Price: $265,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 27 - Bay County Street #: 1014 Street Name: Mercedes Street Suffix: Avenue State: FL Zip Code: 32401 County: Bay Parcel ID: 16536-000-000

General Property Info

Acreage: 2.5

Property Features

Class: Income Producing; Land; Multi-Family

Documents

Listing Office: Beach Haven Realty LLC
Last Updated: May - 12 - 2026
Broker Attribution: 7705966599

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.