537 E 5th Court, Panama City, FL 32401

Property Description

Currently under contract, seller considering back up offers. This is truly a rare find! ZONED COMMERCIAL and a completely remodeled 1925 home that sits on .32 acres in Downtown Panama City/Cove area! This oversized corner lot with 111' frontage on Business Hwy 98 has so much potential. Previously used as a residential rental, this property is zoned commercial and can be used for a business or office or continue as a residential property. This would be ideal for a business that needs office space but also needs secured storage for work vehicles, equipment, etc. on site! The privacy fence offers a gate on Hamilton Avenue with access. The privacy fence on the property is not indicative of the property lines so there's much more potential for enclosed fence space. Just blocks from Harrison Avenue and Ascension Sacred Heart, this property is in a Prime Location! The home is a beautiful 2 bedroom, 1 bath offering a modern boho vibe with new plumbing, electrical, HVAC, windows, exterior doors, roof, insulation, sheetrock and a 100+ year old clawfoot tub that was restored. The concept for the remodel was carefully thought through and planned out to keep the original character intact but with new modern finishes and fixtures. This would also make for a great rental property to add to anyone's current investment portfolio with its close proximity to all that historical downtown Panama City has to offer. Traveling nurses, visitors downtown, etc. The AIRBNB potential is endless! Or long term rent for stability in your investment. Don't miss this opportunity to purchase a COMMERCIAL property in Downtown Panama City where business is booming!