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537 E 5th Court, Panama City, FL 32401
$210,000
537 E 5th Court, Panama City, FL 32401View this property at 537 E 5th Court, Panama City, FL 32401
537 E 5th CourtPanama CityFL32401
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Property Description
Current under contract, seller considering back up offers. This is truly a rare find! ZONED COMMERCIAL and a completely remodeled 1925 home that sits on .32 acres in Downtown Panama City/Cove area! This oversized corner lot with 111' frontage on Business Hwy 98 has so much potential. Previously used as a residential rental, this property is zoned commercial and can be used for a business or office or continue as a residential property. This would be ideal for a business that needs office space but also needs secured storage for work vehicles, equipment, etc. on site! The privacy fence offers a gate on Hamilton Avenue with access. The privacy fence on the property is not indicative of the property lines so there's much more potential for enclosed fence space. Just blocks from Harrison Avenue and Ascension Sacred Heart, this property is in a Prime Location!The home is a beautiful 2 bedroom, 1 bath offering a modern boho vibe with new plumbing, electrical, HVAC, windows, exterior doors, roof, insulation, sheetrock and a 100+ year old clawfoot tub that was restored. The concept for the remodel was carefully thought through and planned out to keep the original character intact but with new modern finishes and fixtures. This would also make for a great rental property to add to anyone's current investment portfolio with its close proximity to all that historical downtown Panama City has to offer. Traveling nurses, visitors downtown, etc. The AIRBNB potential is endless! Or long term rent for stability in your investment. Don't miss this opportunity to purchase a COMMERCIAL property in Downtown Panama City where business is booming!
Full Property Details
Full Property Details for 537 E 5th Ct
General
- Sold For: $210,000
- Status: Closed
- Type: Office
- MLS ID: 748398
- Added to Site: 189 day(s) ago
Interior
- Appliances: Electric Water Heater
- Flooring: Hardwood, Tile
Location
- County: Bay
- Subdivision: Sudduths 1st Add
- Driving Directions: Heading south on Martin Luther King Jr. Blvd, take a right onto Business 98. From there, take the first left onto Hamilton Avenue and then take the first right onto E 5th Court. It's the corner property.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Property Detached: Yes
- Construction: Asbestos
- Roof: Shingle
- Stories/Levels: 1
- Year Built: 1925
Lot Features
- Lot Size (Acres): 0.32
- Frontage: City Street
- Lot Features: Corner Lot
- Zoning: Commercial
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Legal Description: SUDDUTHS 1ST ADD. LOTS 7 & 8 BLK 7A AND PARTS OF LOTS 9, 11 & 12 DESC AS BEG AT THE NW COR OF LOT 7 TH RUN N 47.3' TO THE SLY R/W LINE OF US HWY 98 TH RUN SELY ALONG SAID R/W 105.8' TO E LINE OF LOT 9 TH RUN S 14.5' TO SE COR OF LOT 9 TH RUN W 100' TO POB ORB 4213 P 1868
- Property ID: 20445-000-000
Listed and Sold by Corcoran Reverie
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Schools
Schools serving 537 E 5th Ct
School District:Bay District Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1125 Cherry St, Panama City, FL 32401 | PK-5 | 0.9 mi | |
600 W 11th St, Panama City, FL 32401 | 6-8 | 1.2 mi | |
1200 Harrison Ave, Panama City, FL 32401 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 537 E 5th Ct
Date
Details
Price
Change
Source
11/30/2023
Sold
$210,000
-15.66%
MLS
10/26/2023
Listed
$249,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
537 E 5th Court, Panama City, FL 32401 (MLS# 748398) is a Office property that was sold at $210,000 on November 30, 2023. Want to learn more about 537 E 5th Court? Do you have questions about finding other Office 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.