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900 E Cherry Street, Panama City, FL 32401
$265,000
900 E Cherry Street, Panama City, FL 32401View this property at 900 E Cherry Street, Panama City, FL 32401
900 E Cherry StreetPanama CityFL32401
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Property Description
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.
Full Property Details
Full Property Details for 900 E Cherry St
General
- Price: $265,000
- Status: Active
- Type: Commercial Land
- MLS ID: 756700
- Updated: 5/6/2024
- Added to Site: 17 day(s) ago
Location
- County: Bay
- Subdivision: Sudduths 2nd Add
- Driving 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.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Utilities
- Utility Description: Sewer Available, Water Available
Lot Features
- Lot Size (Acres): 0.65
- Lot Size (Sq. Ft.): 28,314
- Lot Dimensions: Irregular L-Shape
- Frontage: City Street, Paved
- Sidewalks: Yes
- Topography: Sloping
- Lot Features: Cleared, Corner Lot, Sloped
- Zoning: Commercial
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 4%
- Special Conditions: Listed As-Is
- Legal Description: SUDDUTHS 2ND ADD LOTS 1, 2 & 3 BLK 54 ORB 3766 P 1765 plus Tax ID # 10985-010-000 additional parcel
- Property ID: 20985-000-000
- Block: 54
- Lot Number: 12.3
Listed by O'Keefe & Wainwright Inc
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Schools
Schools serving 900 E Cherry St
School District:Bay District Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1125 Cherry St, Panama City, FL 32401 | PK-5 | 0.1 mi | |
600 W 11th St, Panama City, FL 32401 | 6-8 | 2 mi | |
1200 Harrison Ave, Panama City, FL 32401 | 9-12 | 1.8 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 900 E Cherry St
Date
Details
Price
Change
Source
5/02/2024
Listed
$265,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 900 E Cherry St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,223
19%
$150,800
23%
2022
$1,867
13%
$122,200
31%
2021
$1,654
9%
$93,600
—
2019
$1,513
-21%
$93,600
-26%
2018
$1,919
-1%
$126,713
-2%
2017
$1,943
-1%
$129,619
1%
2016
$1,972
-6%
$128,557
-3%
2015
$2,089
1%
$132,479
—
2014
$2,071
4%
$132,479
-4%
2013
$1,989
—
$137,381
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 900 E Cherry St
900 E Cherry Street, Panama City, FL 32401 (MLS# 756700) is a Commercial Land property with a lot size of 0.65 acres. 900 E Cherry Street is currently listed for $265,000 and was received on May 02, 2024. Want to learn more about 900 E Cherry Street? Do you have questions about finding other Commercial Land 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.