Remarks

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.

Details

MLS#: 761477
Price: $559,000

Style: Commercial

County: Bay
Subdivision: No Named Subdivision

School Elementary: Cherry Street
School Middle: Jinks
School High: Bay