26 days on rocket

900 E Cherry St, Panama City, FL, 32401

$265,000

0.65 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeBusiness
MLS #756700
Lot Size0.65 Acres
StatusActive

About 900 E Cherry St

Dynamic corner commercial vacant property located directly across street from Dollar General store in the Cove. The Tax ID Parcel # above also includes a second parcel (Tax ID # 20985-010-000) making this a larger L-Shaped property (total 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 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 the building was seriously damaged by Hurricane Michael (2018) - and the 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...This location would be a great site for commercial business/retail storefront/or office space. Several multi-family property uses are in the area. The current owner has little knowledge about former site usage and has no specifics on prior remediation. Seller has no problem granting buyer site access for environmental audits or other inspections per typical sales contract negotiations. The Cove is a popular and well populated mostly residential area - the right retail or service business should handsomely succeed at this location.

Property Details

Property Features

Listing Office:

  • Office Name: O'Keefe & Wainwright Inc

Lot Features

Lot Information:

  • Lot: Cleared, Corner Lot, Sloped
  • Lot Size: 0.65 Acres

School Info

Assigned Schools Information:

  • Bay High School, Public District Grades 9-12
  • Jinks Middle School, Public District Grades 6-8
  • Merriam Cherry Street Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Cove Blvd (Hwy 77) and Bus Hwy 98 go south on Cove Blvd to Cherry Street (4 way stop). Turn left and go east on Cherry Street two blocks to subject property at corner of Cherry Street and S Palo Alto Ave. Across Street from Dollar General Shopping Center in the Cove.

Price Information

Listing Price Info

Price Summary:

  • List Price: $265,000
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

Med. Sold Price

$348.8K

Med. Price/SqFt

$204

Avg. Days On Market

58

# of Sold Homes

236

900 E Cherry St vs Panama City

26 DAYS ON ROCKET

-32 Days

$265,000

-$83.8K Less

KEY TAKEAWAY

This property is $83.8K less than the Median Sold Price in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #756700

Listing Office:

  • Office Name: O'Keefe & Wainwright Inc

IDX 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 12:55:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,390

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$861

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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

school-card-donut-6895686
1
/10
  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 0.17 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6895687
4
/10
  • Jinks Middle School

  • 600 W 11th St

  • 2.06 miles

  • Public District Grades 6-8

High School

school-card-donut-6895688
4
/10
  • Bay High School

  • 1200 Harrison Ave

  • 1.82 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,385. The most common annual income of people living in Panama City, FL is between $35k-100k. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 900 E Cherry St

What is the listing price of this property?

The listing price of 900 E Cherry St property is $265,000.

What type of property is this?

The property 900 E Cherry St is land located in Panama City, Florida, 32401.

Is this property for sale now?

Active Listing: 900 E Cherry St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 900 E Cherry St are:
Merriam Cherry Street Elementary School: GreatSchools Rating 1/10
Jinks Middle School: GreatSchools Rating 4/10
Bay High School: GreatSchools Rating 4/10

How much acreage is this property?

The property 900 E Cherry St is 0.65 acres.
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Rocket HomesFloridaBay CountyPanama City32401900 E Cherry St

This home is located at 900 E Cherry St in Panama City, FL and zip code 32401 in the Bunkers Cove neighborhood. This home sits on a 0.65 acre lot. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $265,000.

Over 26 listings were sold over their listed price in May 2024 in Panama City, FL. In the same period over 138 listings were sold below the listed price and 72 listings were sold for the listed price. The inventory of homes for sale in Panama City, FL between April 2024 and May 2024 increased by 6.3%. In May 2024 median list price was $348,800 and the average listing age was 58 days.

From Rocket Homes Real Estate and based on county public records data.

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