1014 Mercedes Avenue
Panama City, FL 32401
2.50Acres(Lot)
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. Located in an opportunity zone. 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 topographi
Property Details
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Features
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Lot Information
Main Square Feet: 2.5 Lot Size Acres: 2.5 Lot Size Square Feet: 108,900Property Information
Subdivision: No Named Subdivision Source Property Type: Land MLS Area Minor: 0202 - Bay - Central SE Zoning Description: Resid Single Family, Resid Multi-Family, City, Business Property SubType: Commercial
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Listing Price Information
Listing Price: $260000Original Price: $265000
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Tax Information
Parcel Number: 16536-000-000 Tax Legal Desc: 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
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Utility Information
SewerAvailable -
Location Information
Direction: 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.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 81 Bayou Avenue, Panama City, FL, 32401 | $16,500 | -- | -- | -- | 0.41 Acre(Lot) |
| 000 Sheffield Avenue, Panama City, FL, 32401 | $80,000 | -- | -- | -- | 2.04 Acres(Lot) |
| 3504 E 5th Street, Panama City, FL, 32401 | $39,900 | -- | -- | 11,195 | 0.26 Acre(Lot) |
| 3502 E 5th Street, Panama City, FL, 32401 | $225,000 | -- | -- | 21,562 | 0.50 Acre(Lot) |
| 613 Powell Avenue, Panama City, FL, 32401 | $17,398 | -- | -- | -- | 0.19 Acre(Lot) |
| 135 Everitt Avenue, Panama City, FL, 32401 | $86,000 | -- | -- | 23,087 | 0.53 Acre(Lot) |
| 2911 E 5th Court, Panama City, FL, 32401 | $265,000 | -- | -- | -- | 0.69 Acre(Lot) |
| 915 Everitt Avenue, Panama City, FL, 32401 | $129,000 | -- | -- | -- | 1.50 Acres(Lot) |
| 509 N James Avenue, Panama City, FL, 32401 | $58,000 | -- | -- | 6,708 | 0.15 Acre(Lot) |
| 2702 E 9th Street, Panama City, FL, 32401 | $49,000 | -- | -- | 3,485 | 0.08 Acre(Lot) |
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ByOwner last updated this listing 06/19/2026 @ 19:41
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