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.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Realty
Lot Features
Lot Information:
Lot Size: 0.70 Acres
Other
Directions Information:
Directions: From Harrison Ave turn east on 6th St. and then turn left on McKenzie Ave. Look for agent signs on your right.
Price Information
Listing Price Info
Price Summary:
List Price: $559,000
Tax Information:
Annual Amount: $1,366
Tax Year: 2020
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Merriam Cherry Street Elementary School
1125 Cherry St
Distance between this listing and this school1.14 miles
Public District Grades PK-5
6
/10
Palm Bay Elementary School
1104 Balboa Ave
Distance between this listing and this school1.21 miles
Public Charter Grades KG-5
4
/10
Northside Elementary School
2001 Northside Dr
Distance between this listing and this school2.14 miles
Public District Grades PK-5
Nearby Schools
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school0.89 miles
Public District Grades 6-8
10
/10
University Academy Sabl Inc
1980 Discovery Loop
Distance between this listing and this school3.63 miles
Public Charter Grades KG-8
7
/10
Bay Haven Charter Middle School
2501 Hawks Landing Blvd
Distance between this listing and this school4.16 miles
Public Charter Grades 6-8
Nearby Schools
4
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school0.75 miles
Public District Grades 9-12
1
/10
Rosenwald High School
924 Bay Ave
Distance between this listing and this school1.09 miles
Public District Grades 6-12
5
/10
Palm Bay Preparatory Academy 6-12
1104 Balboa Ave
Distance between this listing and this school1.22 miles
The neighbors living near this home have an average income of $17,889. Typical income of Panama City, FL residents is less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 612 Mckenzie Ave
What is the listing price of this property?
The listing price of 612 Mckenzie Ave property is $559,000.
What type of property is this?
The property 612 Mckenzie Ave is land located in Panama City, Florida, 32401.
Is this property for sale now?
Active Listing: 612 Mckenzie Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,366 (source: MLS/based on county public records data).
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This home is located at 612 Mckenzie Ave in Panama City, FL and zip code 32401 in the Gulf Coast Development neighborhood. This home sits on a 0.70 acre lot. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $559,000.
In October 2024, from all listings sold in Panama City, FL there were more than 16 sold above asking price, over 138 sold below and more than 40 were sold right at the asked price. In October 2024 in Panama City, FL there were 1.7% less homes for sale than in September 2024. While the average time on the market in October 2024 was 77 days, the median list price was $339,477.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
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