Active

1602 Martin Luther King Boulevard

Panama City FL, 32405

$1,750,000


$608.70 per sqft

Active

2,875 sqft

Commercial

Built in 1963

This property is a perfect location for any construction services, industrial services, or a manufacturing business. This is a 1.86 acre fenced in lot with an electric security gate. Property is conveniently located to main roadways including Hwy 231, Hwy 77, Hwy 98 and 23rd St. Highlights include 2875 sq/ft of office and 4257 sq/ft of warehousing, asphalt slab approx 162' x 162', with plenty of greenspace, and extra auxiliary storage buildings. There is available access to MLK Blvd and to Louisiana Ave. The property provides approx. 345 feet of main road frontage off of MLK Blvd. Lot is Industrial commercial zoning. Recently renovated Office building includes: 5 offices, 3 bathrooms, a kitchenette, and reception area. Office has a standing seam metal roof from 2022, hot water heater 2022, HVAC 2022. Office also features an icehouse where team members can fill up coolers before going into the field. Wearhouse building has 7 roll up bay doors, 3 of which are 16ft power roll up bay doors. Wearhouse building has a 2019 screw down metal roof. This property features 37 parking spaces with plenty of room for additional parking, as well as plenty of room for additional building and expansion. No detail was spared to make this a functional and efficient commercial use property. Note there is a new survey denoting where a portion of the frontage was sold to DOT, that can be referenced. When the DOT takes over this section, they have agreed to make all necessary repairs and renovations as a remedy.

746912

MLS ID

September 21, 2023

Listed

February 29, 2024

Updated

Map

1602 Martin Luther King Boulevard
Panama City FL, 32405

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Electric


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

1.86 Acres


Lot Features

Cleared


Roof

Metal


Sewer

Public Sewer

School Information

High School

Bay


Elementary School

Cedar Grove

Other Property Details

Area Name

02 - Bay County - Central


Days on Market

160


Garage

No


View

No


County

Bay


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

2/24/2024

Price Change

$1,750,000

-19%

 

Courtesy of EXP Realty LLC, The Fadden-McKelvie Group,
Listing Contact: (321) 890-5364 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Peevy Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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