1014 Mercedes Avenue, Panama City, FL 32401

Property Description

HUGE INVESTMENT POTENTIAL!! Positioned in a prime location in the heart of Panama City, this exceptional 2.5-acre corner parcel offers unlimited potential for developers, investors, and business owners alike. Zoned Mix Use 3, the property is ideally suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating incredible possibilities for apartments, townhomes, mixed-use concepts, or a live/work community. Extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and wetland survey--saving valuable time and expense for future development. With its highly visible corner location, strong development flexibility, and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is perfectly positioned for growth and long-term value. Whether you are looking to develop multifamily housing, professional office space, educational facilities, or a mixed-use investment project, this property presents a rare opportunity in one of the area's most desirable and rapidly growing locations. All measurements and items of importance are to be confirmed by buyer or buyer agent.

Listing Status:

Active

Date Added:

May 12, 2026

Data Last Updated:

May 24, 2026 at 7:22PM

Listing Office:

Beach Haven Realty LLC : 7705966599

Listing Agent:

Patrick D Pate : 850-381-7273

MLS ID:

1002849

Location

• Originating MLS: Emerald Coast Association of REALTORS®
• County: Bay

Lot

• Zoning: 16536-000-000

Financial

• Source: Emerald Coast Association of REALTORS®