$499,000

601 W 11th St Panama City, FL 32401

Estimated payment $2,779/month

-- Bed
-- Bath
2,736 Sq Ft
$182 Price per Sq Ft

About This Home

This is PRIME Mixed-Use opportunity in the heart of Panama City, Florida! This versatile commercial property offers endless potential situated on 0.45 acres in a high-visibility, centrally-located corridor of Panama City. Zoned Mixed Use-3, this property allows for both commercial and residential uses...ideal for investors, business owners, trades, storage, flex space, or future redevelopment. Offering approximately 2,800 square feet, this property features one large warehouse divided into two units, each with separate entrances, individual electrical meters, and shared water/sewer. Both units include full-size garage doors, private bathrooms, and flexible layouts to accommodate a wide range of uses. Unit B also features a convenient kitchenette. This setup is ideal for an owner investor who wishes to operate out of one unit and rent the additional unit to a tenant for an income-producing property. The property is fenced, provides ample parking, and offers excellent accessibility and visibility with its central location to downtown Panama City, Highway 231 and 15th Street. This is an incredible opportunity to purchase flexible space in a fast-growing area of Panama City, Florida! Buyer to verify all information, if deemed important.

Listing Agent

Carly Sostheim

Corcoran Reverie Listed on: 11/26/2025

Corcoran Reverie

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,807

Year Built

  • Built in 1967

Lot Details

  • 0.45 Acre Lot
  • Zoning described as General Commercial, Resid Multi-Family, Other - See Remarks

Home Design

  • Aluminum Siding
  • Metal Siding

Schools

  • Cherry Street Elementary School
  • Jinks Middle School
  • Bay High School

Community Details

  • No Home Owners Association

Property Details

Property Type

Other

Est. Annual Taxes

$1,807

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1967
  • Property Sub Type: Other
  • Lot Size Acres: 0.45
  • Road Frontage Type: City Street
  • Subdivision Name: [No Recorded Subdiv]
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Construction Type: Aluminum Siding, Metal Siding

Utilities

  • Utilities: Sewer Available, Water Connected
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Jinks

Lot Info

  • Lot Size Sq Ft: 19602.0
  • Mobile Dim Units: Feet
  • Zoning Description: General Commercial, Resid Multi-Family, Other - See Remarks

MLS Schools

  • Elementary School: Cherry Street
  • High School: Bay

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,807 $99,488 -- --
2023 $1,807 $90,444 $98,985 $16,892
2022 $1,514 $82,222 $0 $0
2021 $1,114 $59,391 $59,391 $0
2020 $1,135 $59,391 $59,391 $0
2019 $1,038 $64,238 $59,391 $4,847
2018 $2,245 $148,255 $0 $0
2017 $2,230 $148,786 $0 $0
2016 $2,215 $144,406 $0 $0
2015 $2,285 $144,937 $0 $0
2014 $2,266 $144,937 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2025 11/26/25 For Sale $499,000 -- $182 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $65,000 Diamond Title Agency Inc
Warranty Deed $50,000 Attorney
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $50,000 New Conventional
Source: Public Records

Source: Central Panhandle Association of REALTORS®

MLS Number: 782111

Central Panhandle Association of REALTORS®

APN: 18150-000-000