900 E Cherry Street, Panama City

Newly Price Reduced...This dynamic corner commercial vacant property is located directly across street from Dollar General store in the Cove, and one block from Merriam Cherry Street School. The Tax ID Parcel # above also includes a second parcel (Tax ID # 20985-010-000) making this a larger L-Shaped property (total property 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 (attorney) 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 building was seriously damaged by Hurricane Michael (2018) - and 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 prior 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.