612 Mc Kenzie Avenue
$559,000
30,492 / 0.7
Description
Significant price reduction! Priced to sell! 612 McKenzie Ave is a large valuable commercial investment property located inside the downtown district of Panama City. Zoned commercial DTD, which aligns with the vision of redevelopment and vitality in the downtown area and allows for many different commercial or residential uses. If you are an investor looking to invest in the growth of the downtown district this property can be developed and used as single or multi-family structures, bars and restaurants,...Significant price reduction! Priced to sell! 612 McKenzie Ave is a large valuable commercial investment property located inside the downtown district of Panama City. Zoned commercial DTD, which aligns with the vision of redevelopment and vitality in the downtown area and allows for many different commercial or residential uses. If you are an investor looking to invest in the growth of the downtown district this property can be developed and used as single or multi-family structures, bars and restaurants, professional offices, open air retail space, cafes and lounges, and specialty food stores to name a few of the choices that encourage and promote economic growth in the City. This property is also located in an 'Opportunity Zone- which allows for favorable federal tax capital gains treatment.' Location is the key for this oversized lot as it is perfectly situated close to the hub of Panama City. This .70-acre piece of property is strategically situated near the corner of 6th Street and McKenzie Ave. The revitalization that is currently taking place around this land makes it most desirable. Current growth within the proximity of 612 McKenzie Blvd includes some very favorable developments. Invest in the future of Downtown Panama City by acquiring this property as a commodity to be converted into cash flows and future wealth for your business. Property photos depict land when it was cleared.
- Listed by Elaine G Fenster • Coldwell Banker Realty
Property Details for 612 Mc Kenzie Avenue
Waterfront
No
Subdivision NameNo Named Subdivision
Zoning DescriptionCommercial,Resid Single Family
LISTING UPDATED: 11/06/2024 01:07 PM
Property Details for 612 Mc Kenzie Avenue
Status | Active |
---|---|
MLS # | 761477 |
Days on Market | 128 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Commercial |
Year Built | - |
Lot Size | 0.70 AC |
County | Bay County |
Building Information for 612 Mc Kenzie Avenue
Lot Size0.70 AC
Property Information for 612 Mc Kenzie Avenue
Property History for 612 Mc Kenzie Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 612 Mc Kenzie Avenue
Taxable ValueLand$65,424Additions$13,275Total$78,699
Tax Record2023$1,635 ($136 / month)
Home Facts
Beds1Total Finished SqFt956 SqFtAbove Grade Finished SqFt956 SqFtStories1Lot Size30,536 SqFtStyleSingle Family ResidenceYear Built1940ZoningPC10CountyBAYAPN19819-000-000
Schools near 612 Mc Kenzie Avenue
This home is within Bay.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Merriam Cherry Street Elementary School PublicPK to 5 | ||
Jinks Middle School Public6 to 8 | ||
Bay High School Public9 to 12 | ||
AMIKIDS Maritime Academy Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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