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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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612 McKenzie Ave , Panama City, FL 32401
$449,000
Est. Payment: $2,277.24/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 682
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

PRICE REDUCTION on this beautiful piece of property near downtown Panama City! PRICE includes bonus lot on Harmon Ave. 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. Per planning and zoning, but verify with Leslie, DTD zoning allows for a maximum density of 30 units per acre. The property appraiser website shows that the acreage is 0.701. This would allow for a maximum of 21 units. 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. Check out this valuable piece of property and invest in the future growth of Panama City!

Highlights

Listed by Elaine G Fenster , 850-704-2051 Coastal Palms Real Estate , 716-912-1447. Bay County Association of REALTORS

Property Type

Vacant Land

Lot/Acreage
0.7

County

Bay

Area

02 - Bay County - Central

Neighborhood

No Named Subdivision

Listing ID

761477

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:Resid Single Family, Commercial
Principal Interest
$2,277
Taxes
$286

Home Price

$449,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$89,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,277.24

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,277.24 $286.24 $0.00 $2,563.48
Yearly $27,326.92 $3,434.85 $0.00 $30,761.77
Total $819,807.58 $103,045.50 $0.00 $922,853.08

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:33:19.000Z

© 2026 Bay County Association of REALTORS