900 Cherry St E
Panama City, FL 32401
(on 0.65 acres)
Local Information
-- mins to
Description
PRIME REAL ESTATE AND READY TO BE SOLD! This dynamic corner commercial vacant property is located directly across street from Dollar General store in the Cove, just one block from Merriam Cherry Street School. Large strategic corner location with handy multi-method property access and exposure that includes paved alley access across the rear. This highly visible location with steady consumer traffic offers a super site for commercial business/retail storefront, service industry and/or office space. Mostly a single family area, there are multi-family residential (condo or apartment complex type) properties in the immediate 'Cove' area. The Tax ID Parcel # above has an additional attached separate 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 the East (see attached sketch in documents). The total parcel being sold is L-Shaped and over (6/10ths) of an acre. This property was formerly a convenience store and gas station (Jr Foods store and EZ Serve) for numerous years. A copy of DEP remediation letter acknowledgement is in attached 'Documents'. More recently the former building has been used as an uniform company and ambulance company, building was damaged by Hurricane Michael (2018) - and that original building has since been removed. The property is currently vacant land with multiple concrete pads on site. The property has enhanced curb appeal with recently completed Cherry Street rehab and renovation (repaving/landscaping/widened walks). Current owner has limited first hand knowledge about prior site usage and has no specifics of prior environmental remediation. Seller encourages and will grant new buyer site access for any environmental audits or other inspections that may accompany any typical sales contract negotiations. The Cove is a popular and well populated mostly residential area - a properly positioned new retail, office, or service business should handsomely succeed at this prime Cove location. This property is in the heart of the Cove, with plenty of consumer traffic and visibility...a great location for a town centre type business location. CURRENT OWNER IS READY... AND SAYS SELL!
900 Cherry St E, Panama City, FL 32401 is a lot/land. It last sold for $175,000 on Apr 25, 2025 (24% below the $229,000 asking price). It is currently off market.
Home Highlights
Parking
No Info
Outdoor
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View
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HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 900 Cherry St E
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Appliances & Utilities Utilities: Sewer Available |
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Frontage Road Frontage: City StreetRoad Surface Type: PavedNot on Waterfront |
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Cumulative Days on Market: 320 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Property Information Parcel Number: 20985000000 |
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Price List Price: $229,000 |
Status Change & Dates Off Market Date: Sat Mar 22 2025 |
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MLS Status: Closed |
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Direction & Address City: Panama CityCommunity: Sudduths 2nd Add |
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No HOA |
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Lot Area: 0.65 acres |
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Special Conditions: Listed As-Is |
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Mobile Home Park Mobile Home Units: Feet |
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Mls Number: 756700Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-12005-N-20985000000-R-N |
Last check for updates: about 9 hours ago
Listed by Vince O'Keefe, (850) 814-8780
O'Keefe & Wainwright Inc
Bought with: Non Member, NON-MEMBER OFFICE
Source: CPAR, MLS#756700

Price History for 900 Cherry St E
| Date | Price | Event | Source |
|---|---|---|---|
| 04/25/2025 | $175,000 | Sold | CPAR #756700 |
| 03/23/2025 | $229,000 | Pending | CPAR #756700 |
| 12/05/2024 | $229,000 | PriceChange | CPAR #756700 |
| 08/01/2024 | $235,000 | PriceChange | CPAR #756700 |
| 07/12/2024 | $249,000 | PriceChange | CPAR #756700 |
| 05/06/2024 | $265,000 | Listed For Sale | CPAR #756700 |
| 09/18/2023 | $279,500 | ListingRemoved | CPAR #743246 |
| 06/26/2023 | $279,500 | Listed For Sale | CPAR #743246 |
Market trends in Panama City
Last updated May 2026
Avg. sale price
$298K
$1.43KMoM
Sale-to-List Price
96.4%
0.4%MoM
Price per sq ft
$179
$2MoM
Available listings
464
2MoM
Comparable Sales for 900 Cherry St E
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.24 | Lot/Land | $825,000 | 10/10/25 | - | - | ||
0.60 | Lot/Land | $195,000 | 12/19/25 | - | - | ||
0.26 | Lot/Land | $65,000 | 07/17/25 | - | - | ||
0.72 | Lot/Land | $160,000 | 03/24/26 | - | - | ||
0.43 | Lot/Land | $85,000 | 09/26/25 | - | - | ||
0.90 | Lot/Land | $150,000 | 07/31/25 | - | - | ||
0.66 | Lot/Land | $500,000 | 02/27/26 | - | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 900 Cherry St E.
What Locals Say about Panama City
At least 483 Trulia users voted on each feature.
87 % Say car is needed
82 % Say parking is easy
81 % Say it's dog friendly
80 % Say yards are well-kept
75 % Say there's holiday spirit
67 % Say kids play outside
64 % Say it's quiet
61 % Say people would walk alone at night
52 % Say they plan to stay for at least 5 years
50 % Say neighbors are friendly
46 % Say there are sidewalks
45 % Say streets are well-lit
38 % Say it's walkable to grocery stores
38 % Say there's wildlife
37 % Say it's walkable to restaurants
26 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Apartments for Rent
Homes for sale near 900 Cherry St E
Off Market Homes Near 900 Cherry St E

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

