1602 Martin Luther King Boulevard, Panama City, FL 32405
$1,100,000
Property Type:
Commercial for Sale
Square Footage:
7,612
Lot Size (sq. ft.):
81,022
Status:
Sold
Current Price:
$1,400,000
List Date:
9/21/2023
Last Modified:
5/16/2025
Description
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.
More Information MLS# 746912
Contract Info
List Price/SqFt: 183.92
List Date: 2023-09-21
List Price: $1,400,000
Current Price: $1,100,000
Sub-Type: Office
Location
Sub Area: 0201 - Bay - Central NE
Community/Resort: None
Waterfront: No
Elementary School: Cedar Grove
Middle School: Mowat
High School: Bay
Directions: From US-98 E in Panama City, turn left onto N Cove Blvd/Martin Luther King Jr Blvd, property will be on the right.
Area: 02 - Bay County - Central
Street #: 1602
Street Name: Martin Luther King
Street Suffix: Boulevard
State: FL
Zip Code: 32405
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 14494-000-000
Legal Description: KEITH'S 4TH ADD. LOTS 6,7,8 BLK 2 LESS MLK R/W ORB 3020 P 1987 LESS DOT PRCL# 189.1
General Property Info
List Class: Commercial
Acreage: 1.86
Construction Status: Construction Complete
SqFt HVAC: 2875
SqFt - Office: 2875
SqFt - Warehouse: 4737
Frontage Ft: 340
SqFt Tot Bldg: 7612
Lot Depth: 248
Year Built: 1963
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: 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.
Status Change Info
Sold Price/SqFt: 144.51
Sold Price/Acre: 591397.85
Status: Sold
Under Contract Date: 2025-02-10
Sold Date: 2025-05-16
Sold Price: $1,100,000
Construction/Siding
Roof - Metal: 1
Siding - Hardie Board: 1
Trim - Hardie Board: 1
Energy
AC - Central Elect: 1
Heat - Central Electric: 1
Financing
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Present Zoning
Commercial: 1
Utilities
Electric 220/240: 1
Electricity - Availabile: 1
Public Sewer - Connected: 1
Water Connected: 1
Accessibility Features
Accessible Approach with Ramp: 1
Business Only
Year Built: 1963
Business/Property
Handicapped Access: 1
Kitchen Area: 1
Office Area: 1
Restrooms - Private: 1
Floors in Unit/Home
One: 1
Offering Type
Real Estate: 1
Site Description
Cleared: 1
Transport. Access
4-Lane: 1
Divided Highway: 1
Paved: 1
State Road: 1
Property Features
Accessibility Features: Accessible Approach with Ramp
Energy: AC - Central Elect; Heat - Central Electric
Financing: Cash; Conventional; FHA; VA
Offering Type: Real Estate
Present Zoning: Commercial
Site Description: Cleared
Utilities: Electric 220/240; Electricity - Availabile; Public Sewer - Connected; Water Connected
Listing Office:
EXP Realty LLC
Last Updated: May - 16 - 2025
Information deemed reliable but not guaranteed.