5505 Shores Rd Panama City, FL 32404
Estimated payment $8,454/month
Total Views
3,033
4.18
Acres
$358,852
Price per Acre
182,081
Sq Ft Lot
About This Lot
DO NOT MISS OUT ON THIS PRIME COMMERCIAL PROPERTY OPPORTUNITY! This property sits on the corner of HWY 231 and Shores Road offering 4.18 acres of land. The property includes 2 parcels and has a little over 380 ft. of HWY 231 frontage. This land would be perfect for a gas station, restaurant, medical building, office building, you name it! This lot sits south of the traffic light at Cherokee Heights Rd. and is only 2 traffic lights (heading south) to the to the new PUBLIX shopping center located between HWY 390 and HWY 231. This high traffic area is also close to new and existing neighborhoods as it's located in the middle of a fast growing area. The best part is that this location will also capture tourist coming into Panama City as they are heading to the beach on HWY 231, as it's a main vein heading to ''THE WORLD'S MOST BEAUTIFUL BEACHES'', Panama City Beach! Survey and environment reports on file*
Property Details
Property Type
- Land
Est. Annual Taxes
- $884
Lot Details
- 4.18 Acre Lot
- Property fronts a highway
- Zoning described as Commercial
Schools
- Deer Point Elementary School
- Merritt Brown Middle School
- Mosley High School
Community Details
- No Home Owners Association
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $884 | $48,638 | -- | -- |
| 2023 | $884 | $44,216 | $104,400 | $2 |
| 2022 | $631 | $40,196 | $0 | $0 |
| 2021 | $435 | $36,542 | $36,540 | $2 |
| 2020 | $439 | $36,542 | $36,540 | $2 |
| 2019 | $438 | $36,542 | $36,540 | $2 |
| 2018 | $512 | $38,807 | $0 | $0 |
| 2017 | $521 | $38,807 | $0 | $0 |
| 2016 | $537 | $39,012 | $0 | $0 |
| 2015 | $554 | $39,012 | $0 | $0 |
| 2014 | $553 | $39,012 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/27/2024 12/27/24 | For Sale | $1,500,000 | -- | -- |
Source: Central Panhandle Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $265,000 | -- | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $380,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,826 | Balloon |
Source: Public Records
Similar Properties in Panama City, FL
Source: Central Panhandle Association of REALTORS®
MLS Number: 767026
APN: 05857-137-000
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