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612 Mckenzie Avenue

Panama City, FL 32401
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Acres0.70

Acre(Lot)

PRICE REDUCTION on this beautiful piece of property near downtown Panama City! 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. Per planning and zoning, but verify with Leslie, DTD zoning allows for a maximum density of 30 units per acre. The property appraiser website shows that the acreage is 0.701. This would allow for a maximum of 21 units. 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 retai l 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. Check out this valuable piece of property and invest in the future growth of Panama City!

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Detail Ic Property Details

Property Type : Land

Price : $459,000

AD Id : 66735843

MLS Id : 761477

Lot Size : 0.70 Acre(Lot)

County : Bay

Subdivision: Tranquilla

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Feature Features

  • Lot Information

    Main Square Feet: 0.7 Lot Size Acres: 0.7 Lot Size Square Feet: 30,536

    Property Information

    Subdivision: No Named Subdivision Source Property Type: Land MLS Area Minor: 0203 - Bay - Central SW Zoning Description: Resid Single Family, Commercial Property SubType: Commercial

  • Listing Price Information

    Listing Price: $459000
    Original Price: $625000

  • Tax Information

    Parcel Number: 19819-000-000 Tax Legal Desc: GCD PLAT MAP 105C2 LOT 23,24 & 25 LESS S 5' LOT 23 & LOTS 26, 27, 28 BLK 25 ORB 940 P 1467

  • Location Information

    Direction: From Harrison Ave turn east on 6th St. and then turn left on McKenzie Ave. Look for agent signs on your right.
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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)
507 Harlem Avenue, Panama City, FL, 32401 $45,000 -- -- -- 0.27 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)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/16/2026 @ 05:23

MLS: 761477 LISTED BY: Elaine Fenster, Coastal Palms Real Estate 716-912-1447 SOURCE: CPAR

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