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$189,000

Investor opportunity in the St. Andrews area of Panama City. This 3-bedroom, 2-bath, one-story brick home is currently gutted and in the renovation process, but is being offered as-is and priced to sell. Located just two blocks from the bay, the property offers strong potential for a flip, rental, or long-term hold in a rapidly growing area near St. Andrews, downtown Panama City, dining, shopping, marinas, and the waterfront. With the right vision, this home has the potential to become a coastal-chic brick cottage with modern finishes, an open feel, and strong resale or rental appeal. Renovation has already begun, giving the next owner the opportunity to complete the project with their own design selections, layout preferences, and finish package. For investors or buyers planning to improve the property, certain renovation expenses may offer potential tax advantages depending on how the property is used, whether as a rental, investment property, or resale project. Buyers should consult their CPA or tax professional regarding possible deductions, depreciation, capital improvements, and other tax considerations. Great opportunity for an investor, builder, or buyer looking for a project with upside in a high-demand coastal market.

3 Beds ⋅ 2 Baths ⋅ 792774 MLS

Investor opportunity in the St. Andrews area of Panama City. This 3-bedroom, 2-bath, one-story brick home is currently gutted and in the renovation process, but is being offered as-is and priced to sell. Located just two blocks from the bay, the property offers strong potential for a flip, rental, or long-term hold in a rapidly growing area near St. Andrews, downtown Panama City, dining, shopping, marinas, and the waterfront. With the right vision, this home has the potential to become a coastal-chic brick cottage with modern finishes, an open feel, and strong resale or rental appeal. Renovation has already begun, giving the next owner the opportunity to complete the project with their own design selections, layout preferences, and finish package. For investors or buyers planning to improve the property, certain renovation expenses may offer potential tax advantages depending on how the property is used, whether as a rental, investment property, or resale project. Buyers should consult their CPA or tax professional regarding possible deductions, depreciation, capital improvements, and other tax considerations. Great opportunity for an investor, builder, or buyer looking for a project with upside in a high-demand coastal market.

4002 W 17th Street, Panama City

Listing courtesy of EXP Realty LLC.

$995,000

HUGE PRICE REDUCTION, LOCATION LOCATION, LOCATION!!! This great building and property sits right in the main corridor of Hwy 98 taking you straight to St Andrews downtown or all the way East to Tyndall. The owner has kept the building in excellent condition as he has operated a very successful business there for 20 + years. The time has come to pass the torch of this premier property to a new venue. The building is being sold vacant. the large lot currently boasts 50 +or- parking spaces. The property has enough space for expansion if the buyer needs additional space. Excellent signage already in place on this perfect corner lot with VERY strong traffic counts. Why bother with the HIGH cost of construction as well as difficulty and time of building a new building. This building can be opened and operating in a matter of weeks depending on the type of new business. Do not miss out on this great opportunity.

792088 MLS

HUGE PRICE REDUCTION, LOCATION LOCATION, LOCATION!!! This great building and property sits right in the main corridor of Hwy 98 taking you straight to St Andrews downtown or all the way East to Tyndall. The owner has kept the building in excellent condition as he has operated a very successful business there for 20 + years. The time has come to pass the torch of this premier property to a new venue. The building is being sold vacant. the large lot currently boasts 50 +or- parking spaces. The property has enough space for expansion if the buyer needs additional space. Excellent signage already in place on this perfect corner lot with VERY strong traffic counts. Why bother with the HIGH cost of construction as well as difficulty and time of building a new building. This building can be opened and operating in a matter of weeks depending on the type of new business. Do not miss out on this great opportunity.

4018 W Hwy 98 Street, Panama City

Listing courtesy of Counts Real Estate Group Inc.

$215,900

A perfect blend of location and potential investment income or primary residential. Only asking $219,900 to meet your budget. This home has been remodeled with new flooring, kitchen etc. Fenced in back yard. It is currently being rented month to month at $2000 per month. Close proximity to Highway 98, and Beaches. We have several other homes to be sold and currently rented which all three can be sold as a bundle and discount.

3 Beds ⋅ 2 Baths ⋅ 789078 MLS

A perfect blend of location and potential investment income or primary residential. Only asking $219,900 to meet your budget. This home has been remodeled with new flooring, kitchen etc. Fenced in back yard. It is currently being rented month to month at $2000 per month. Close proximity to Highway 98, and Beaches. We have several other homes to be sold and currently rented which all three can be sold as a bundle and discount.

1707 Michigan Avenue, Panama City

Listing courtesy of Coastal Sun Realty LLC.

$199,000

**New Lower Price!** Opportunity knocks with this 3-bedroom, 1-bath brick home in one of Panama City's most convenient locations. Whether you're an investor, first-time homebuyer, or someone looking to add your own personal touch, this property offers incredible potential at an even better value. Inside, you'll find fresh paint throughout and beautiful real hardwood floors that have been newly sanded and are ready for the stain color of your choice. The functional floor plan provides a solid foundation for updates, allowing you to create the home you've envisioned. Step outside to a spacious backyard with plenty of room for entertaining, gardening, pets, or future improvements. Located within walking distance of **Gulf Coast State College** and just minutes from **Florida State University Panama City**, **Haney Technical College**, **HCA Florida Gulf Coast Hospital**, shopping, restaurants, and everyday conveniences, this home is ideally situated for homeowners and investors alike. You're also only about five minutes from the beautiful beaches of Panama City Beach and a short drive to St. Andrews, Downtown Panama City, and many of the area's most popular attractions. With low property taxes of approximately $2,000 per year, a desirable central location, and a **new lower price**, this property is an outstanding opportunity whether you're looking for a primary residence, rental property, or your next renovation project. Schedule your showing today!

3 Beds ⋅ 1 Baths ⋅ 788584 MLS

**New Lower Price!** Opportunity knocks with this 3-bedroom, 1-bath brick home in one of Panama City's most convenient locations. Whether you're an investor, first-time homebuyer, or someone looking to add your own personal touch, this property offers incredible potential at an even better value. Inside, you'll find fresh paint throughout and beautiful real hardwood floors that have been newly sanded and are ready for the stain color of your choice. The functional floor plan provides a solid foundation for updates, allowing you to create the home you've envisioned. Step outside to a spacious backyard with plenty of room for entertaining, gardening, pets, or future improvements. Located within walking distance of **Gulf Coast State College** and just minutes from **Florida State University Panama City**, **Haney Technical College**, **HCA Florida Gulf Coast Hospital**, shopping, restaurants, and everyday conveniences, this home is ideally situated for homeowners and investors alike. You're also only about five minutes from the beautiful beaches of Panama City Beach and a short drive to St. Andrews, Downtown Panama City, and many of the area's most popular attractions. With low property taxes of approximately $2,000 per year, a desirable central location, and a **new lower price**, this property is an outstanding opportunity whether you're looking for a primary residence, rental property, or your next renovation project. Schedule your showing today!

1824 Grant Avenue, Panama City

Listing courtesy of CENTURY 21 Ryan Realty Inc.

$859,000

🚨 PRICE REDUCED + $25,000 BUYER IMPROVEMENT ALLOWANCE! 🚨 Rare opportunity to acquire two contiguous GC-1 zoned properties in Panama City's Bayview Addition, now offered together at a newly reduced package price of $859,000. The seller is also offering a $25,000 credit at closing to assist with customization, reconfiguration, or tenant improvements, providing added flexibility for owner-users and investors alike. This unique assemblage combines a modern commercial building with an income-producing residential property, creating multiple income and use scenarios. 1806 Brown Ave features a 3,476 SF building constructed in 2016, offering flexible space suitable for a variety of commercial, professional, medical, salon, or service-based uses. 1808 Brown Ave, built in 2017, is a 2-bedroom, 1-bath residence currently tenant occupied, generating approximately $2,600 per month in rental income. The adjacent parcel also provides valuable additional parking for 1806 and includes a detached garage suitable for office, storage, workshop, or flex space. Together, the properties create a rare opportunity for a business owner seeking a professional campus environment or an investor looking for in-place income and future upside.

786852 MLS

🚨 PRICE REDUCED + $25,000 BUYER IMPROVEMENT ALLOWANCE! 🚨 Rare opportunity to acquire two contiguous GC-1 zoned properties in Panama City's Bayview Addition, now offered together at a newly reduced package price of $859,000. The seller is also offering a $25,000 credit at closing to assist with customization, reconfiguration, or tenant improvements, providing added flexibility for owner-users and investors alike. This unique assemblage combines a modern commercial building with an income-producing residential property, creating multiple income and use scenarios. 1806 Brown Ave features a 3,476 SF building constructed in 2016, offering flexible space suitable for a variety of commercial, professional, medical, salon, or service-based uses. 1808 Brown Ave, built in 2017, is a 2-bedroom, 1-bath residence currently tenant occupied, generating approximately $2,600 per month in rental income. The adjacent parcel also provides valuable additional parking for 1806 and includes a detached garage suitable for office, storage, workshop, or flex space. Together, the properties create a rare opportunity for a business owner seeking a professional campus environment or an investor looking for in-place income and future upside.

1806&1808 Brown Avenue, Panama City

Listing courtesy of Luxe Coastal Realty Group LLC.

$550,000

OWNER Financing on this parcel with 30% down with a term based on term of 10 years at 6.5% with a balloon in 3 years. Property ZONED C-2 General Commercial Premier location on the 98 corridor with a strong traffic count both North and South as well as East and West. It is the first red light after descending from the Hathaway Bridge. Allowable uses on the property include business professional, retail, restaurants, auto repairs as well as multiple other uses for the property. MLS # 784646 Adjoining parcel on the west side can be purchased as well to make a larger parcel. Call listing agent for more information. High and dry parcel with good ingress and egress. The two parcels together combine for over 1 full acre and runs from street to street. Over 260' of frontage on US Hwy 98 and 130' of frontage on each side street. Prime location for a strong chain restaurant location. McDonalds & Dunkin Donuts are directly across the Highway.

784718 MLS

OWNER Financing on this parcel with 30% down with a term based on term of 10 years at 6.5% with a balloon in 3 years. Property ZONED C-2 General Commercial Premier location on the 98 corridor with a strong traffic count both North and South as well as East and West. It is the first red light after descending from the Hathaway Bridge. Allowable uses on the property include business professional, retail, restaurants, auto repairs as well as multiple other uses for the property. MLS # 784646 Adjoining parcel on the west side can be purchased as well to make a larger parcel. Call listing agent for more information. High and dry parcel with good ingress and egress. The two parcels together combine for over 1 full acre and runs from street to street. Over 260' of frontage on US Hwy 98 and 130' of frontage on each side street. Prime location for a strong chain restaurant location. McDonalds & Dunkin Donuts are directly across the Highway.

3701 W Highway 98, Panama City

Listing courtesy of Counts Real Estate Group Inc.

$257,000

Perfect first home or investment property. The home is in excellent construction condition just needs the new buyers personal touch to make the property SHINE. Excellent location with nice surrounding homes and a nice large lot in St Andrews. Newer A/C and roof and Electric has all been upgraded. 3 bedrooms and 2 full baths with extra room for office or additional kids' bedroom. The property has two sheds outside, a covered patio outback that would make for a perfect outdoor kitchen! There's an area perfect for lounging around and entertaining friends or family! This property is priced right and won't last long. Way less expensive than renting in today's market! There is an adjoining lot that can be purchased to make for a bigger parcel or to build a new home. The home could use updated windows as they current windows are original. The home has the original Hardwood floors throughout parts of the home. The lot also has an Easement area between this home and the one that adjoins it to the north.

3 Beds ⋅ 2 Baths ⋅ 784693 MLS

Perfect first home or investment property. The home is in excellent construction condition just needs the new buyers personal touch to make the property SHINE. Excellent location with nice surrounding homes and a nice large lot in St Andrews. Newer A/C and roof and Electric has all been upgraded. 3 bedrooms and 2 full baths with extra room for office or additional kids' bedroom. The property has two sheds outside, a covered patio outback that would make for a perfect outdoor kitchen! There's an area perfect for lounging around and entertaining friends or family! This property is priced right and won't last long. Way less expensive than renting in today's market! There is an adjoining lot that can be purchased to make for a bigger parcel or to build a new home. The home could use updated windows as they current windows are original. The home has the original Hardwood floors throughout parts of the home. The lot also has an Easement area between this home and the one that adjoins it to the north.

1610 Louise Avenue, Panama City

Listing courtesy of Counts Real Estate Group Inc.

$2,300,000

Amazing Development Opportunity is Ready for You! In a Prime Location, this 4.77 acre parcel is zoned General Commercial 2. Located in the Gateway Overlay and this property is located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area. Located just before the Hathaway Bridge in Panama City, this offering fantastic traffic count and visibility when traveling on Hwy 98 East from Panama City or West to Panama City Beach. This parcel offers easy access via 3 different roads, Hwy 98, 19th St, and Brown Ave. Approximately 180 feet frontage on Hwy 98, 580 feet on 19th St, and 375 feet on Brown Ave. This property is in close proximity to Port of Panama City and Gulf Coast State College and FSU campuses as well as quick access to Historic St. Andrews and the Downtown Panama City area, and Panama City Beach. This property would be perfect for apartments, hotel, restaurant, retail store or any combination of many different commercial businesses. See more usage details in the documents section of this listing. Previously, there was a hotel that has been demolished due to damage from Hurricane Michael.

783424 MLS

Amazing Development Opportunity is Ready for You! In a Prime Location, this 4.77 acre parcel is zoned General Commercial 2. Located in the Gateway Overlay and this property is located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area. Located just before the Hathaway Bridge in Panama City, this offering fantastic traffic count and visibility when traveling on Hwy 98 East from Panama City or West to Panama City Beach. This parcel offers easy access via 3 different roads, Hwy 98, 19th St, and Brown Ave. Approximately 180 feet frontage on Hwy 98, 580 feet on 19th St, and 375 feet on Brown Ave. This property is in close proximity to Port of Panama City and Gulf Coast State College and FSU campuses as well as quick access to Historic St. Andrews and the Downtown Panama City area, and Panama City Beach. This property would be perfect for apartments, hotel, restaurant, retail store or any combination of many different commercial businesses. See more usage details in the documents section of this listing. Previously, there was a hotel that has been demolished due to damage from Hurricane Michael.

4810 W Highway 98, Panama City

Listing courtesy of ERA Neubauer Real Estate, Inc.

$129,900

Great location for Business!! Convenient, centrally located and easily accessible. Two huge side be side lots just off 15th Street. Zoned Mixed use. The possibilities are endless. Wooded and not in a flood zone. Priced to sell quick!!

703186 MLS

Great location for Business!! Convenient, centrally located and easily accessible. Two huge side be side lots just off 15th Street. Zoned Mixed use. The possibilities are endless. Wooded and not in a flood zone. Priced to sell quick!!

0000 Drummond Avenue, Panama City

Listing courtesy of CENTURY 21 Ryan Realty Inc.

$589,000

🚨 Seller Offering a $25,000 Buyer Improvement Allowance! 🚨 Now offered at an even more compelling price, this modern 3,476 SF professional office building, built in 2016, presents an outstanding opportunity for business owners and investors alike. The seller is offering a $25,000 credit at closing to assist with customization, reconfiguration, or tenant improvements or closing costs making it easy to tailor the space to your specific business needs. The flexible layout features 10 private offices, 2 kitchens, 2 bathrooms, a potential laundry area, and a large rear storage space, making it ideal for professional services, medical users, executive suites, co-working, or other permitted uses. A sound and security camera system is installed throughout. Additional opportunity available: The adjacent property at 1808 Brown Avenue is also available for purchase, offering additional parking, flexible office or residential space, and rental income potential. Conveniently located in central Panama City with easy access to major roadways, medical facilities, and professional services.

771397 MLS

🚨 Seller Offering a $25,000 Buyer Improvement Allowance! 🚨 Now offered at an even more compelling price, this modern 3,476 SF professional office building, built in 2016, presents an outstanding opportunity for business owners and investors alike. The seller is offering a $25,000 credit at closing to assist with customization, reconfiguration, or tenant improvements or closing costs making it easy to tailor the space to your specific business needs. The flexible layout features 10 private offices, 2 kitchens, 2 bathrooms, a potential laundry area, and a large rear storage space, making it ideal for professional services, medical users, executive suites, co-working, or other permitted uses. A sound and security camera system is installed throughout. Additional opportunity available: The adjacent property at 1808 Brown Avenue is also available for purchase, offering additional parking, flexible office or residential space, and rental income potential. Conveniently located in central Panama City with easy access to major roadways, medical facilities, and professional services.

1806 Brown Avenue, Panama City

Listing courtesy of Luxe Coastal Realty Group LLC.