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1602 Martin Luther King Dr

2 Properties Offered at $1,400,000 in Panama City, FL

EXECUTIVE SUMMARY

This property is a perfect location for any construction services, industrial services, or a manufacturing business. This is a 1.86 acre fenced in lot with an electric security gate. Property is conveniently located to main roadways including Hwy 231, Hwy 77, Hwy 98 and 23rd St. Highlights include 2875 sq/ft of office and 4257 sq/ft of warehousing, asphalt slab approx 162' x 162', with plenty of greenspace, and extra auxiliary storage buildings. There is available access to MLK Blvd and to Louisiana Ave. The property provides approx. 345 feet of main road frontage off of MLK Blvd. Lot is Industrial commercial zoning. Recently renovated Office building includes: 5 offices, 3 bathrooms, a kitchenette, and reception area.
Office has a standing seam metal roof from 2022, hot water heater 2022, HVAC 2022. Office also features an icehouse where team members can fill up coolers before going into the field. Wearhouse building has 7 roll up bay doors, 3 of which are 16ft power roll up bay doors. Wearhouse building has a 2019 screw down metal roof. This property features 37 parking spaces with plenty of room for additional parking, as well as plenty of room for additional building and expansion. No detail was spared to make this a functional and efficient commercial use property. Note there is a new survey denoting where a portion of the frontage was sold to DOT, that can be referenced. When the DOT takes over this section, they have agreed to make all necessary repairs and renovations as a remedy.

PROPERTY FACTS

Price $1,400,000
Price / SF $196.30 / SF
Sale Type Investment or Owner User
Status Under Contract
Number of Properties 2
Individually For Sale 0
Total Building Size 7,132 SF
Total Land Area 1.86 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
1602 Martin Luther King Jr Blvd, Panama City, FL 32405 Flex 4,257 SF 1957 -
1602 Martin Luther King Jr Blvd, Panama City, FL 32405 Office 2,875 SF 1957 -
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  • Listing ID: 31000947

  • Date on Market: 2/20/2024

  • Last Updated:

  • Address: 1602 Martin Luther King Dr, Panama City, FL

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