
Mixed-Use Land for Sale in Panama City, Florida
1014 Mercedes Ave, Panama City, FL 32401
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
- County
- Bay County
- Elevation
- 23 feet
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
4 4S 14W -76- 69A BEG 60' E OF NE COR OF BLK 1 GLENWOOD ADD TH S 330' EAST TO BAYOU NLY 330' M/L TO THE SLY R/W OF 11TH ST TH RUN WLY TO POB ORB 4505 P 2299
Details and features
Listing
- Type
- Commercial Sale
- Franchise
- None
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 9, 2026 | New listing | $265,000 | — | BCAR |