1040 West 15th Street Panama City, FL

MLS # 675800 $700,000 4,039 SF Free-Standing Retail Building with Fenced Lot on West 15th Street in Panama City, FL

Presented By:

Information contained herein was obtained from sources believed reliable; however, Nations Real Estate, LLC makes no guarantees, warranties or representations as to the completeness or accuracy

thereof. This presentation of the property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

1040 West 15th

Street

Panama City, FL 32405

Price $700,000

Space Type Freestanding Retail

Size 4,000 SF

Year Built 1977

Lot Dimensions 125’ x 300’

Parking 60 Free Surface Spaces are Available

Street Frontage 125’ on West 15

th Street with one curb cut and

300’ on Degama Avenue

Don Nations Nations Real Estate

2325-A Frankford Avenue, Suite A

Panama City, FL 32405

dfnations@aol.com

850.785.2233, Office

850.814.4242, Mobile

850.763.9353, Fax

This is a 4,000 SF free-standing retail building with great visibility on 15th Street. The

0.86 acre lot is fenced in the back with plenty of parking on the front and side. This

location has previously been a car lot, but could be a great location for any retail user.

Property Photos

Zoning Information

This property is Zoned C-2

C-2, Plaza Commercial: The purpose of this zone is to provide areas for the continuation, expansion, and creation

of business enterprise.

Location Information

This property is located on the northeast corner of

West 15th

Street and DeGama Avenue in Panama

City. It is next door to the U-Haul Center which is

currently expanding & Firestone Automotive. It is

located in close proximity to Enterprise Rent-a-car

and many other retail and restaurant locations.

Radius Ring Demographic Summary Report

1 Mile 3 Miles 5 Miles

2010 Population 5,956 35,051 76,744

2023 Projected Population 6,872 39,073 87,628

2010 Households 2,594 15,109 31,602

2023 Projected Households 2,981 16,703 35,825

2018 Average Household Income $45,038 $55,268 $60,904

2018 Median Household Income $32,348 $39,094 $44,088

Traffic Counts

Street Cross Street Cross Street

Distance

Distance from

Subject

Count

Year

Traffic

Volume

West 15th

Street Caroline Bouleavrd 0.03 W 0.23 Miles 2017 30,500 MPSI

West 15th

Street Wood Avenue 0.04 W 0.34 Miles 2017 35,000 MPSI

Lisenby Avenue 16th

Street 0.03 S 0.40 Miles 2017 11,000 MPSI

Florida Avenue West 14th

Street 0.04 N 0.51 Miles 2017 4,700 MPSI

West 15th

Street Mulberry Avenue 0.03 E 0.72 Miles 2017 32,500 MPSI

Airport Road 21st Street 0.06 NW 0.77 Miles 2017 4,600 MPSI

West 15th

Street Fountain Avenue 0.02 E 0.78 Miles 2017 32,000 MPSI

West 11th

Street Bell Avenue 0.02 W 0.82 Miles 2017 12,000 MPSI

Airport Road West Norwood Drive 0.08 SE 0.88 Miles 2017 4,800 MPSI

Frankford Avenue 16t Street 0.02 N 0.89 Miles 2017 7,000 MPSI

Demographic and Traffic Information

Panama City, the county seat of Bay County, is located in the Florida Panhandle on beautiful St. Andrews Bay by the Gulf of

Mexico. Known as a popular tourist destination, Panama City is alive with activity, from quaint specialty shops to familiar

national stores of all kinds and from superb local dining establishments to familiar restaurants.

Now, through the efforts and dedication of many, the opportunity to expand development northward is becoming a reality. Major

contributors to the continued growth and success of Panama City are Port Panama City located in the protected harbor of St.

Andrews Bay, the Panama City and St. Andrew's Marinas located on Florida's Intercostals Waterway, and the higher education

opportunities provided by the continued growth of Gulf Coast State College, Florida State University-Panama City, and Troy

University-Panama City.

Named one of the 100 Best Small Art Towns in America, the city is home to the Marina Civic Center and the Visual Arts Center.

The almost-perfect weather, friendly atmosphere, numerous activities and exciting possibilities combine to make Panama City a

great place to live, work and play.