612 McKenzie Avenue, Panama City, FL 32401

Property Description

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.

Listing Status:

Active

Date Added:

August 17, 2024 at 05:00AM

Listing Office:

Coastal Palms Real Estate : 716-912-1447

MLS ID:

761477

Location

• Road/Access: City Street
• Originating MLS: CPAR_CPAR
• County: Bay

Lot

• Zoning: GCD PLAT MAP 105C2 LOT 2324 & 25 LESS S 5' LOT 23 & LOTS 262728 BLK 25 ORB 940 P 146719819-000-000

Financial

• Source: CPAR_CPAR

This listing courtesy of Coastal Palms Real Estate