1602 Martin Luther King Boulevard, Panama City, FL 32405 (MLS# 746912)

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: $1,100,000 List Date: 9/21/2023 Last Modified: 5/16/2025

Overview

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 … (Read more)

Listing Details MLS# 746912

Contract Info

List Price/SqFt: 183.92
Sub-Type: Office

Location

Area: 02 – Bay County – Central
Street #: 1602
Street Name: Martin Luther King
Street Suffix: Boulevard
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0201 – Bay – Central NE
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 14494-000-000
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.
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
Construction Status: Construction Complete
Acreage: 1.86
Frontage Ft: 340
Lot Depth: 248
SqFt HVAC: 2875
SqFt – Office: 2875
SqFt – Warehouse: 4737
SqFt Tot Bldg: 7612
Year Built: 1963

Status Change Info

Under Contract Date: 2025-02-10
Sold Date: 2025-05-16
Sold Price/SqFt: 144.51
Sold Price/Acre: 591397.85

Business Only

Year Built: 1963

Listing Info, Tax and Legal

HOA Fee: No

More Information

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.

Construction/Siding

Roof – Metal: Yes
Siding – Hardie Board: Yes
Trim – Hardie Board: Yes

Energy

AC – Central Elect: Yes
Heat – Central Electric: Yes

Financing

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Present Zoning

Commercial: Yes

Utilities

Electric 220/240: Yes
Electricity – Availabile: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Accessibility Features

Accessible Approach with Ramp: Yes

Business/Property

Handicapped Access: Yes
Kitchen Area: Yes
Office Area: Yes
Restrooms – Private: Yes

Floors in Unit/Home

One: Yes

Offering Type

Real Estate: Yes

Site Description

Cleared: Yes

Transport. Access

4-Lane: Yes
Divided Highway: Yes
Paved: Yes
State Road: Yes

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.