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224 8th Street
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PRICED AT ONLY: $240,000

Address: 224 8th Street, Panama City, FL 32401

Description

Welcome to Revitalized and Beautiful Panama City! The downtown area has had numerous improvements and is becoming a booming tourist destination with numerous favorite and new restaurants, boutique shopping, special events, offices, and much more on the way. Get in before the prices skyrocket! This Mixed Use property is comprised of 5 lots, on a corner street with an alley for easy access. Whether building homes, townhomes, or your commercial business, you're only a block from the Downtown Social District and all that Panama City has to offer. With a low number of vacation rentals near downtown, this property is a great candidate for future income generation. With current Mixed Use 2 classification you can build up to 6 units. The property currently includes a 1936 3 Bed 2 Bath Home with a 2020 Roof that needs updates, a 20' x 28' concrete block garage facing the alley, and a 22' x 38' concrete block building facing McKenzie Ave. Both outbuildings require repairs. It is being offered at land value. Flood Zone X = No Flood Insurance Required. Recent Survey, Zoning, and more information available. All sizes, dimensions, and uses are approximate. Buyer to verify.

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  • MLS#: 779937 ( Residential )
  • Street Address: 224 8th Street
  • Viewed: 9
  • Price: $240,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 25

Description

Welcome to Revitalized and Beautiful Panama City! The downtown area has had numerous improvements and is becoming a booming tourist destination with numerous favorite and new restaurants, boutique shopping, special events, offices, and much more on the way. Get in before the prices skyrocket! This Mixed Use property is comprised of 5 lots, on a corner street with an alley for easy access. Whether building homes, townhomes, or your commercial business, you're only a block from the Downtown Social District and all that Panama City has to offer. With a low number of vacation rentals near downtown, this property is a great candidate for future income generation. With current Mixed Use 2 classification you can build up to 6 units. The property currently includes a 1936 3 Bed 2 Bath Home with a 2020 Roof that needs updates, a 20' x 28' concrete block garage facing the alley, and a 22' x 38' concrete block building facing McKenzie Ave. Both outbuildings require repairs. It is being offered at land value. Flood Zone X = No Flood Insurance Required. Recent Survey, Zoning, and more information available. All sizes, dimensions, and uses are approximate. Buyer to verify.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
  • Other Structures: Garages
Land Information
  • Lot Features: CornerLot
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Cherry Street
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Road Frontage Type: CityStreet
  • Sewer: PublicSewer
  • Utilities: SewerAvailable, WaterConnected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: GULFVIEW ADD. LOTS 13, 14, 15, 16, 17 BLK 1 ORB 4300 P 657
  • Area Major: 02 - Bay County - Central
  • Parcel Number: 17668-000-000
  • The Range: 0.00
Nearby Subdivisions
[no Recorded Subdiv]   Abbott's Add To Cedar Grove   Bay Club Condo Ph 1   Bayou Plat   Bayside   Bayview Add   Boden Addition   Bry-co Park   Bunkers Cove   Caroline Add Unit 1 Amend   Caroline Add Unit 2   Caroline Add Unit 3   Caroline Addition   Carver Heights   Corley's 2nd Add   Cove   Cove Pointe   Cove Terrace   Cove Terrace 2nd Add   Cove Terrace 3rd Add   Del-mar Plat   Dell Whatley   Doty   Driftwood Estates   East Springfield   Glenwood Addition   Grove Heights   Gulfview Addition   Gwaltney Estates   Harmon Plat   Holmes Add- Millville   Hursts Replat   Keiths Bay Harbor Add   Lakeside   Lakeside Plat   Lincoln Park   Lincoln Park 1st Addition   Massalina Bayou Townhouses   Millville   Mooretown   N Highland   No Named Subdivision   North Mooretown   Oak Hammock   Oak Hill   Oakland Terr Sub 18th   Oakland Terrace Add   Oakridge 1st Add.wnhs   Old Mill Addition   Old Orchard   Old Orchard 1st Add   Old Town Plat   Pine Crest Add To Callaway   Pine-lea 2nd   Pinecrest Add.   Robindale   Rosenwald Heights   Segler   Shermans 2nd Add   Shermans Add   Springfield   Sudduths 10th Add   Sudduths 1st Add   Sudduths 2nd Add   Sudduths 3rd Add   Sudduths 4th Add   Sudduths 8th Add   Sunnyland Heights   The Landings At Lake Caroline    Ware Estate   Washington Heights   Welch Add  
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