Listing Office: Keller Williams Realty Emerald
Property details
About 612 Mckenzie Ave
SIGNIFICANT PRICE REDUCTION! PRICED TO SELL!612 McKenzie Ave is a large valuable commercial investment property located inside the downtown district of Panama City. Zoned commercial DTD, which aligns with the vision of redevelopment and vitality in the downtown area and allows for many different commercial or residential uses. If you are an investor looking to invest in the growth of the downtown district this property can be developed and used as single or multi-family structures, bars and restaurants, professional offices, open air retail space, cafes and lounges, and specialty food stores to name a few of the choices that encourage and promote economic growth in the City. This property is also located in an 'Opportunity Zone- which allows for favorable federal tax capital gains treatment.' Location is the key for this oversized lot as it is perfectly situated close to the hub of Panama City. This .70-acre piece of property is strategically situated near the corner of 6th Street and McKenzie Ave. The revitalization that is currently taking place around this land makes it most desirable. Current growth within the proximity of 612 McKenzie Blvd includes some very favorable developments. Invest in the future of Downtown Panama City by acquiring this property as a commodity to be converted into cash flows and future wealth for your business. Property photos depict land when it was cleared.
Highlights
Home typeBusiness
StatusActive
Lot size0.7 Acres
MLS #761477
Summary
- MLS Number: 761477
- MLS Name: BCAR
- Office Name: Coldwell Banker Realty
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© 2025 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: 1/31/2025, 6:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$559,000
612 Mckenzie Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $78,699 | $1,634 |
| 2022 | $66,536 | $1,422 |
| 2021 | $63,684 | $1,422 |
| 2020 | $61,793 | $1,366 |
| 2018 | $67,399 | $1,222 |
| 2017 | $66,444 | $1,195 |
History based on county public records data.
Nearby schools
1
Merriam Cherry Street Elementary School
Public District PK-5
1.1 mi
•1125 Cherry St
6
Palm Bay Elementary School
Public Charter KG-5
1.2 mi
•1104 Balboa Ave
4
Northside Elementary School
Public District PK-5
2.1 mi
•2001 Northside Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $17,889. The majority of Panama City, FL residents have income less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
74%
<35k
25%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
56%
Single, No Kids
18%
Single, with Kids
16%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
48%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Big Lots
Family Dollar
Burlington
Where do the neighbors go to eat?
Golden Corral
White Castle
Church's Chicken
What do the neighbors drive?
Kia
Chevrolet
Buick
What do the neighbors listen to?
Adult Standards
Rock
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 612 Mckenzie Ave
This home is located at 612 Mckenzie Ave in Panama City, FL and zip code 32401 in the Gulf Coast Development neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $559,000.
Panama City, FL housing market in December 2024 saw over 11 listings sold above listed price, more than 39 sold at listed price and over 146 sold below. In December 2024 in Panama City, FL there were 1.4% less homes for sale than in November. Listings spent 79 days on the market in December 2024, and had a median list price of $339,456 during the same period.
From Rocket Homes Real Estate and based on county public records data.