1300 Grace Avenue, Panama City, FL 32401 - Photo 1

1/1

$1,000,000

Sold
Closed
Commercial Multi-Family

1/1

Property Description

Exceptional turn-key investment opportunity in the heart of Panama City near the growing downtown area. Boasting 10 large units consisting of eight 2/1s and two 1/1s this property stays full with an average rental rate of $1,195/month. Each unit is separately metered for electric and water. Landlord responsibilities are limited to grass, trash and maintenance. These units were completely renovated in 2019 after Hurricane Michael and are meticulously maintained offering low overhead for the next owner. Property is and has been professionally managed. Capture appreciation due to a growing market while you sit back and collect your cash flow. Panama City/Bay County MSA ranks 2nd nationally for percentage population growth per US Census Bureau. Contact listing agent today for more info.

Full Property Details

Full Property Details for 1300 Grace Ave

General

Sold For: $1,000,000
Status: Closed
Type: Commercial Multi-Family
Source: Bay_County
MLS ID: 774652
Added to Site: 222 day(s) ago

Location

County: Bay
Subdivision: Segler
Driving Directions: Traveling north on Harrison Avenue, turn left on 13th Street, property is on the right on corner of 13th St and Grace Ave.

School Information

Elementary School: Northside
Middle School: Jinks
High School: Bay

Community

Community Name: 02 - Bay County - Central

Utilities

Sewer: Public Sewer
Utility Description: Sewer Available

Structural Information

Year Built: 1986

Lot Features

Lot Size (Acres): 0.32
Lot Size (Sq. Ft.): 13,939.2
Lot Size: .32

Disclosures and Reports

Legal Description: SEGLER SUBDIV LOTS 21, 22, 23, 24 ORB 320 P 537 BLK 8 ORB 3944 P 496 MAP 92A1
Property ID: 18406-000-000

Listed by CENTURY 21 Commander Realty
Sold by Prothro Real Estate & Associates

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code *

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Submit, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

Listing agent

— 1300 Grace Ave —

CENTURY 21 Commander Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 1300 Grace Ave

School District:Bay County School District

Name	Grades	Distance
Northside Elementary School 2001 Northside Drive, Panama City, FL 32405	PK-5	1.4 mi
Jinks Middle School 600 West 11th Street, Panama City, FL 32401	6-8	0.5 mi
Bay High School 1200 Harrison Avenue, Panama City, FL 32401	9-12	0.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1300 Grace Ave

Date

Details

Price

Change

Source

9/04/2025

Sold

$1,000,000

-13.04%

MLS

7/19/2025

Price Reduced

$1,150,000

-11.2%

MLS

6/09/2025

Listed

$1,295,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

12 Cornelia St, Freeport, FL 32439 - Photo 1

Just Listed

$369,500

Open House

12 Cornelia St Freeport, FL 32439

Single Family
Active
Updated 4 days ago

4
Beds
3
Total Baths
2,039
Sq. Ft.

Listed by Beverly Buck Team (850) 650-4563

58 Siesta Cir, Freeport, FL 32439 - Photo 1

Just Listed

$545,000

58 Siesta Cir Freeport, FL 32439

Single Family
Active
Updated 22 hours ago

4
Beds
3
Total Baths
2,441
Sq. Ft.

893 Bay Harbor Blvd, Freeport, FL 32439 - Photo 1

Just Listed

$949,000

893 Bay Harbor Blvd Freeport, FL 32439

Vacant Land
Active
Updated 3 days ago

0.35
Acres

152 Dockside Rd, Freeport, FL 32439 - Photo 1

Just Listed

$333,900

152 Dockside Rd Freeport, FL 32439

Single Family
Active
Updated 5 days ago

4
Beds
2
Total Baths
1,799
Sq. Ft.

400 Pitts Bayshore Dr, Freeport, FL 32439 - Photo 1

Price Reduced

-$184,000 (-11.26%)

$1,450,000

400 Pitts Bayshore Dr Freeport, FL 32439

Single Family
Active
Updated 3 days ago

4
Beds
3
Total Baths
2,734
Sq. Ft.

Listed by Cheri Dickson (850) 612-1281 and Nick Brown (540) 379-4435

466 Brighton Cv, Freeport, FL 32439 - Photo 1

Price Reduced

-$10,000 (-1.89%)

$519,000

466 Brighton Cv Freeport, FL 32439

Single Family
Active
Updated 3 hours ago

4
Beds
3
Total Baths
2,406
Sq. Ft.

610 Stillwater Rd, Freeport, FL 32439 - Photo 1

Price Reduced

-$2,000 (-0.85%)

$232,999

610 Stillwater Rd Freeport, FL 32439

Lots/Land
Active
Updated 3 days ago

1.21
Acres

Listed by New Alliance Group Realty

17925 US-331, Freeport, FL 32439 - Photo 1

Price Reduced

-$25,999 (-2.6%)

$975,000

17925 US-331 Freeport, FL 32439

Commercial
Active

2551 N Jenks Ave, Panama City, FL 32405 - Photo 1

Sold

$925,000

2551 N Jenks Ave Panama City, FL 32405

Office
Closed

2206 W Beach Dr, Panama City, FL 32401 - Photo 1

Sold

$875,000

2206 W Beach Dr Panama City, FL 32401

Single Family
Closed

3
Beds
3
Total Baths

3025 Osprey Cir, Panama City, FL 32405 - Photo 1

Sold

$875,000

3025 Osprey Cir Panama City, FL 32405

Single Family
Closed
Updated 11 days ago

5
Beds
6
Total Baths

3438 Token Rd, Panama City, FL 32405 - Photo 1

Sold

$900,000

3438 Token Rd Panama City, FL 32405

Single Family
Closed
Updated 11 days ago

6
Beds
4
Total Baths

1300 Grace Avenue, Panama City, FL 32401 (MLS# 774652) is a Commercial Multi-Family property that was sold at $1,000,000 on September 04, 2025. Want to learn more about 1300 Grace Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

1300 Grace Ave Panama City, FL 32401