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$375,000

Discover the versatility of this beautifully updated multi-use property in a convenient downtown Panama City location! Zoned for both residential and commercial use, this property offers the flexibility to accommodate a variety of business or living arrangements. Recent renovations include fresh paint in a neutral color palette, new interior trim and doors, recessed lighting, and an updated kitchenette featuring granite countertops and new cabinetry. Originally built in 1941, the 1,498-square-foot building blends character with modern updates and offers a functional, adaptable layout. Situated on a 0.16-acre lot with parking available in both the front and rear, along with handicap access, the property is ideally positioned near the downtown business district and just one block from Harrison Avenue. Whether you're seeking professional office space, a business location, or a property to make your own as a residence, this unique opportunity offers flexibility, convenience, and potential in an established Panama City location.

796775 MLS

834 Grace Avenue, Panama City

Listing courtesy of Gillman Group Realty.

$496,000

Investment Opportunity on 100x160 corner lot in Downtown Panama City! This versatile property is divided into three separate units and offers excellent income potential. It is centrally located near downtown Panama City dining, and shopping. Situated on a large lot with a huge side yard, there's ample space potentially for expansion, additional amenities, or future development. The property features: • Unit 1: 2 bedrooms, 1 bath • Unit 2: 1 bedroom, 1 bath • Unit 3: 3 bedrooms, 2 baths Seller says current rental income - Unit 1 renting for $1,500/month, Unit 3 for $2,000/month, and Unit 2 previously renting between $500-$700/month--bringing total potential income to over $4,000 per month. Live in one unit and rent the others or maximize returns by leasing all three--flexibility makes this property ideal for both investors and owner-occupants. Extensively updated in 2022, including new kitchens, bathrooms, flooring, roof, and more, this property is move-in ready and positioned for immediate cash flow. All measurements are approximate and should be verified by buyer.

6 Beds ⋅ 4 Baths ⋅ 787848 MLS

803 Oak Avenue, Panama City

Listing courtesy of Local Insight Realty.

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