1602 Martin Luther King Boulevard, Panama City, FL 32405

$1,100,000
Property Type: Commercial for Sale Status: Sold
Current Price: $1,400,000 List Date: 9/22/2023 Last Modified: 5/29/2025

Description

This property is a perfect location for any construction services, industrial services, or a manufacturing business. This is a 1.86 acre fenced in lot with an electric security gate. Property is conveniently located to main roadways including Hwy 231, Hwy 77, Hwy 98 and 23rd St. Highlights include 2875 sq/ft of office and 4257 sq/ft of warehousing, asphalt slab approx. 162' x 162', with plenty of greenspace, and extra auxiliary storage buildings. There is available access to MLK Blvd and to Louisiana Ave. The property provides approx. 345 feet of main road frontage off of MLK Blvd. Lot is Industrial commercial zoning. Recently renovated Office building includes: 5 offices, 3 bathrooms, a kitchenette, and reception area.

Supplements: Office has a standing seam metal roof from 2022, hot water heater 2022, HVAC 2022. Office also features an icehouse where team members can fill up coolers before going into the field. Wearhouse building has 7 roll up bay doors, 3 of which are 16ft power roll up bay doors. Wearhouse building has a 2019 screw down metal roof. This property features 37 parking spaces with plenty of room for additional parking, as well as plenty of room for additional building and expansion. No detail was spared to make this a functional and efficient commercial use property. Note there is a new survey denoting where a portion of the frontage was sold to DOT, that can be referenced. When the DOT takes over this section, they have agreed to make all necessary repairs and renovations as a remedy.

More Information MLS# 932920

Contract Info

GCCMLS Number: 30856734 Listing Board: Emerald Coast List Date: 2023-09-22 List Price: $1,400,000

Location, Tax and Legal

Sub Area: 2701 - Bay - Central NE Legal Description: KEITH'S 4TH ADD. LOTS 6,7,8 BLK 2 LESS MLK R/W ORB 3020 P 1987 LESS DOT PRCL# 189.1

General Property Info

Listed on GCCMLS: Yes Lot Depth: 248 Lot Frontage: 340

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: This property is a perfect location for any construction services, industrial services, or a manufacturing business. This is a 1.86 acre fenced in lot with an electric security gate. Property is conveniently located to main roadways including Hwy 231, Hwy 77, Hwy 98 and 23rd St. Highlights include 2875 sq/ft of office and 4257 sq/ft of warehousing, asphalt slab approx. 162' x 162', with plenty of greenspace, and extra auxiliary storage buildings. There is available access to MLK Blvd and to Louisiana Ave. The property provides approx. 345 feet of main road frontage off of MLK Blvd. Lot is Industrial commercial zoning. Recently renovated Office building includes: 5 offices, 3 bathrooms, a kitchenette, and reception area.

Class

Industrial: 1 Office: 1 Other: 1

Construction Status

Existing: 1

Industrial

Building SqFt: 7612 Year Built: 1963 Property Type: Flex Space

Doors & SqFt

Warehouse SF: 4257

Office

Year Built: 1963 Unit SqFt: 2875 # of Units: 5

Other

# of Units: 7

None

Current Price: $1,100,000

Status Change Info

Status: Sold Under Contract Date: 2025-02-10 Sold Date: 2025-05-16 Sold Price: $1,100,000

Location Tax and Legal

Area: 27 - Bay County Street #: 1602 Street Name: Martin Luther King Street Suffix: Boulevard State: FL Zip Code: 32405 County: Bay Parcel ID: 14494-000-000

Property Features

Class: Industrial; Office; Other Construction Status: Existing
Listing Office: EXP Realty LLC
Last Updated: May - 29 - 2025
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.