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$249,500
3 Beds ⋅ 2 Baths ⋅ 795253 MLS
Make it your first home or make it an addition to your investment portfolio! This home has the charm, the history, and the right price! The original hardwood floors in the living and dining areas make for a great conversation. Similar to the COVE homes, there is a workshop in the back yard that could be turned into an Accessory Dwelling Unit (ADU) since it already has electrical and plumbing. There are SO many ideas for this precious home with 3 bedrooms, 2 baths and a BONUS room that could easily become a 4th bedroom or maybe a gym. After checking with a lender, you could see this could be a MUCH better deal for you than renting would be since the price is under $250K. It appears this address is so close to everything! It's a few minutes drive to Hathaway Bridge leading to the beach, the same to 23rd street for excellent shopping and dining, and probably about the same to the new and improved Downtown area. Check it out, since it could be yours very soon! The city owns the alley (equals 1 rod or 16 1/2 feet ) between the 2 properties. Oh--and wouldn't we love to hear about the memories made in this home when the world was at peace! By the way, no HOA fees here.

1610 Louise Avenue, Panama City

Listing courtesy of ERA Neubauer Real Estate Inc.

$165,000
2 Beds ⋅ 2 Baths ⋅ 793979 MLS
Great central location at an even better price! This well maintained 2 bedroom, 1.5 bathroom townhouse offers a rare opportunity for the first time home buyer or landlord. Providing easy access to both the Hathaway Bridge and Highway 98 the convenience factor offers exceptional value for those with a busy lifestyle. Newer roof, newer hvac system and turk-key ready to call your own. Come see today!

4455 W 19th Street Unit 44, Panama City

Listing courtesy of CENTURY 21 Commander Realty.

$189,000
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
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
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
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.

$800,000
786852 MLS
MAJOR PRICE IMPROVEMENT -- TWO CONTIGUOUS PROPERTIES NOW OFFERED TOGETHER AT $800,000! Rare opportunity to acquire two GC-1 zoned properties in Panama City's Bayview Addition, combining a modern commercial building with an adjacent property offering additional income, parking, and future commercial potential. 1806 Brown Ave features a 3,476 SF commercial building constructed in 2016 with a highly flexible layout including 10 private offices, 2 kitchens, 2 bathrooms, and additional storage space. The property is well suited for professional services, medical, executive suites, salon, co-working, or other permitted commercial uses and offers significant lease-up potential for an investor. 1808 Brown Ave adds tremendous flexibility to the package with a 944 SF, 2-bedroom/1-bath single-family home with projected rental potential of approximately $2,600 per month, plus a separate 575 SF studio currently rented with rental potential of approximately $1,000 per month. Both structures offer the potential for conversion to commercial use, subject to applicable approvals, giving a future owner the ability to maintain residential income, expand business operations, or create additional professional space. The 1808 parcel also provides valuable additional parking for 1806, further enhancing the functionality of the combined properties. Together, 1806 & 1808 Brown Ave offer an unusually versatile investment: commercial lease-up potential, existing studio income, additional residential income potential, multiple buildings, expanded parking, and future adaptive-use possibilities. Now offered together at $800,000, this is a compelling opportunity for an investor seeking multiple revenue streams or an owner-user looking to establish a unique multi-building professional campus in central Panama City.

1806&1808 Brown Avenue, Panama City

Listing courtesy of Luxe Coastal Realty Group LLC.

$550,000
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.

$2,300,000
783424 MLS
Amazing Development Opportunity is Ready for! In a Prime Location, this 4.77 acre parcel is zoned General Commercial 2. Located in the Gateway Overlay and is located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area as well. Situated just before the Hathaway Bridge in Panama City offering fantastic traffic count and visibility when traveling on Hwy 98 East from Panama City or West to Panama City Beach. ACCESS: 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 parcel 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 the 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
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.

$550,000
771397 MLS
MAJOR PRICE IMPROVEMENT -- NOW OFFERED AT $550,000! This modern 3,476 SF professional office building, built in 2016, presents an exceptional opportunity for business owners and investors seeking a flexible, move-in-ready commercial property in central Panama City. The highly functional layout features 10 private offices, 2 kitchens, 2 bathrooms, a potential laundry area, and a large rear storage space, providing versatility for professional services, medical users, executive suites, co-working, or other permitted uses. A sound and security camera system is installed throughout. With a significantly improved price, this property offers tremendous potential for an owner-user looking to build equity rather than lease, or an investor seeking a value-add opportunity through individual office or whole-building lease-up. Additional opportunity: The adjacent property at 1808 Brown Avenue is also available for purchase, offering additional parking, flexible office or residential space, and existing rental income potential--creating the option for a unique multi-property professional campus. Conveniently located in central Panama City with easy access to major roadways, medical facilities, and professional services. At $550,000, this is an opportunity worth a closer look.

1806 Brown Avenue, Panama City

Listing courtesy of Luxe Coastal Realty Group LLC.