Prime commercial opportunity in the heart of a Panama City Opportunity Zone! This strategically located lot offers easy access to Ascension Sacred Heart Bay, Downtown Panama City, and its attractions. Zoned GC-2, the property features impressive Hwy 77/MLK Blvd frontage spanning 150 ft, with a depth of 100 ft. Explore the potential for your business in this high-visibility location.
Property Details
Property Features
Listing Office:
Office Name: ERA Neubauer Real Estate Inc
Lot Features
Lot Information:
Lot Size: 0.34 Acres
School Info
Assigned Schools Information:
Bay High School, Public District Grades 9-12
Jinks Middle School, Public District Grades 6-8
Northside Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Directions from Panama City to 1217 Martin Luther King Jr Blvd. Head toward E 7th St on Harrison Ave (US-231). Go for 0.6 mi. Turn right onto E 11th St (CR-28). Go for 0.6 mi. Turn left onto N Cove Blvd (SR-77 N). Go for 0.3 mi. Make a U-Turn at E 13th St onto N Cove Blvd (SR-77 S). Go for 367 ft. 1217 Martin Luther King Jr BlvdPanama City, FL 32401-3319
Price Information
Listing Price Info
Price Summary:
List Price: $115,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Panama City, FL.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$641
Per Month
Principal & Interest
$574
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$411
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Northside Elementary School
2001 Northside Dr
Distance between this listing and this school1.35 miles
Public District Grades PK-5
Middle School
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school0.27 miles
Public District Grades 6-8
High School
3
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school0.22 miles
Public District Grades 9-12
Assigned Schools
5
/10
Northside Elementary School
2001 Northside Dr
Distance between this listing and this school1.35 miles
Public District Grades PK-5
Nearby Schools
8
/10
North Bay Haven Charter Academy Elementary School
1104 Balboa Ave
Distance between this listing and this school0.66 miles
Public Charter Grades KG-5
2
/10
Oscar Patterson Elementary Magnet
1025 Redwood Ave
Distance between this listing and this school1.52 miles
Public Magnet Grades PK-5
Assigned Schools
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school0.27 miles
Public District Grades 6-8
Nearby Schools
7
/10
North Bay Haven Charter Academy Middle School
1104 Balboa Ave
Distance between this listing and this school0.66 miles
Public Charter Grades 6-8
3
/10
Everitt Middle School
608 School Ave
Distance between this listing and this school2.99 miles
Public District Grades 6-8
Assigned Schools
3
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school0.22 miles
Public District Grades 9-12
Nearby Schools
9
/10
North Bay Haven Career Academy
1104 Balboa Ave
Distance between this listing and this school0.66 miles
Public Charter Grades 9-12
6
/10
Bay Virtual Franchise
1311 Balboa Ave
Distance between this listing and this school0.74 miles
The neighbors living near this home have an average income of $41,656. The most common annual income of people living in Panama City, FL is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1217 Mlk Blvd
What is the listing price of this property?
The listing price of 1217 Mlk Blvd property is $115,000.
What type of property is this?
The property 1217 Mlk Blvd is land located in Panama City, Florida, 32401.
Is this property for sale now?
Active Listing: 1217 Mlk Blvd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1217 Mlk Blvd are: Northside Elementary School: GreatSchools Rating 5/10Jinks Middle School: GreatSchools Rating 4/10Bay High School: GreatSchools Rating 3/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1217 Mlk Blvd in Panama City, FL and zip code 32401 in the Bry-Co Park neighborhood. This home sits on a 0.34 acre lot. It has been listed on Rocket Homes since February 17, 2024 and is currently priced at $115,000.
Over 30 listings were sold over their listed price in April 2024 in Panama City, FL. In the same period over 130 listings were sold below the listed price and 51 listings were sold for the listed price. The number of homes for sale in Panama City, FL increased by 4.7% between March 2024 and April 2024. In April 2024, listings were on the market for 61 days. During the same period, the median list price in this real estate market was $347,653.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Figure Skating
Figure Skating
Horse Races
NHRA Drag Racing
Chico's
Family Dollar
Stein Mart
Bob Evans
Church's Chicken
LongHorn Steakhouse
Oldsmobile
Cadillac
Buick
News
Jazz
Contemporary Inspirational