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612 McKenzie Ave is a valuable commercial investment property located near the downtown area 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. 'Opportunity Zone- 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.The structures that are currently on the property have no value to the sale but are rich in history. Within close proximity to this lot is another parcel of land that is for sale which would allow for larger investment and space. Parcel #19806-000-000. Go see this gem of an investment for your next purchase for development. Last three photos have been generated to depict what property will look like once cleared.
Property Details
MLS# | 729208 |
Status | Active |
Property Type | Commercial |
Acreage | 0.7 |
HOA | No HOA Fees |
Features
Utilities | ElectricityAvailable, SewerAvailable, WaterAvailable, |
Lot | AdditionalLandAvailable, |
Location
Elementary School | Cherry Street |
Middle School | Jinks |
High School | Bay |
Zip Code | 32401 |
Area | Bay County - Central |
Sub-area | Bay - Central SW |
Subdivision | [No Recorded Subdiv] |
Map
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