Skip to main contentSkip to navigation
1 / 1

Mixed-Use Land for Sale in Panama City, Florida

1014 Mercedes Ave, Panama City, FL 32401

$265,000
2.5 acres
Active sale
ago
Est $1,954/mo

HUGE INVESTMENT POTENTIAL!! Positioned in a prime location in the heart of Panama City, this exceptional 2.5-acre corner parcel offers unlimited potential for developers, investors, and business owners alike. Zoned Mix Use 3, the property is ideally suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating incredible possibilities for apartments, townhomes, mixed-use concepts, or a live/work community. Extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and wetland survey--saving valuable time and expense for future development. With its highly visible corner location, strong development flexibility, and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is perfectly positioned for growth and long-term value. Whether you are looking to develop multifamily housing, professional office space, educational facilities, or a mixed-use investment project, this property presents a rare opportunity in one of the area's most desirable and rapidly growing locations. All measurements and items of importance are to be confirmed by buyer or buyer agent.

Location

Street address
1014 Mercedes Ave
Elevation
23 feet
Coordinates
30.1672, -85.6456

Directions

Traveling on MLK Blvd., East on E. 11th St. the lot will be on your right on the corner of Mercedes Ave. and E. 11th St.

Property details

Acreage
2.5 acres
Zoning
Resid Single Family, Resid Multi-Family, City, Business
MLS #
BCAR 789657
Posted

Parcels

  • 16536-000-000

Legal description

Details and features

Listing

Type
Commercial Sale
Franchise
None

Listing history

DateEventPriceChangeSource
May 9, 2026New listing$265,000BCAR
Subscribe to listing updates

Payment calculator

This 2.5-acre property is located at 1014 Mercedes Ave in Panama City, FL 32401. The property is available for sale for $265,000 with a price per acre of $106,000.

Checked 1 hour ago — Updated

Report listing issue

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact