900 E Cherry Street Panama City, FL 32401

Recent Price Reduction...and PRIME TO SELL! This dynamic corner commercial vacant property is located directly across street from Dollar General store in the Cove, just one block from Merriam Cherry Street School. Great multi-method property access and exposure with this strategic corner location th...at also includes paved alley across the rear. This highly visible location with steady consumer traffic offers this to be a great site for commercial business/retail storefront or service industry office space. There are several multi-family residential (condos or apartment complex) properties in the immediate area. The Tax ID Parcel # above has an attached separate additional second parcel (Tax ID # 20985-010-000) making this a larger L-Shaped property (total property near .65 acre). The main rectangular parcel is approximately 164 feet on Cherry Street and near 150 feet deep to alley along rear of property. The adjoining parcel adds near 25 feet x 160 feet piece along the alley and behind the existing (attorney) office bldg to East (see attached sketch in documents). The total parcel being sold is L-Shaped and just under (7/10ths) of an acre. This property was formerly a a gas station (Jr Foods store and EZ Serve) for many years. See copy of DEP remediation letter acknowledgement in attached Documents. More recently the former building was an Ambulance Company, but building was damaged by Hurricane Michael (2018) - that original building has since been removed. The property is currently vacant land with multiple concrete pads on site. With soon to be complete Cherry Street rehab and renovation (repaving/landscaping/widened walks...). The current owner has minimal first hand knowledge about prior site usage and has no specifics of prior remediation. Seller has no problem granting buyer site access for any environmental audits or other inspections per typical sales contract negotiations. The Cove is a popular and well populated mostly residential area - a properly positioned new retail or service business wil handsomely succeed at this prime Cove location. CURRENT OWNER IS READY... AND SAYS SELL! Continue reading