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  • Price$150,000
  • Beds4
  • Baths3
  • SQ. Feet2,951
  • Acres0.27
  • Built1935

501 Kraft Avenue, Panama City

Investment of a lifetime! Don't miss your opportunity to own this income producing property! This is your chance to own a business located on business 98 with an attached 2 bedroom, 2 bath home as well as a 2 bedroom, 1 bathroom detached apartment that all suffered very minimal damage. There is a third home located on the property with potential to bring in additional income once repaired and brought back to livable conditions. The business boast over 1,800 sqft and attaches to the main home that is just over 1,000 sqft. Highlights in the main home include natural hardwood floors in the living area, alarm system, crown molding, tons of storage, and a spacious kitchen.A covered carport separates the main home and apartment. The two story apartment has over 700 sqft of comfortable living space on the second floor and 720 sqft of additional storage space on the first floor. This unit currently has a tenant that has always paid rent on time for the last 10 years and currently pays $500.00 a month plus utilities. The 3rd dwelling suffered major damage from the storm and has potential to be rebuilt for additional income. Don't hesitate to make this property yours!

Essential Information

  • MLS® #680391
  • Price$150,000
  • Bedrooms4
  • Bathrooms3.00
  • Full Baths2
  • Half Baths1
  • Square Footage2,951
  • Acres0.27
  • Year Built1935
  • TypeResidential
  • Sub-TypeDetached Single Family
  • StyleContemporary
  • StatusActive


  • UtilitiesElectric, Garbage, Pest Control, Public Sewer, Public Water, TV Cable, Internet - Broadband Available
  • ParkingDriveway, Carport


  • Exterior FeaturesPorch, Separate Bldg Rent, Workshop
  • Lot DescriptionCorner, Sidewalk
  • ConstructionRoof - Shingle/Shake, Siding - Vinyl, Trim - Vinyl

Additional Information

  • Date ListedFebruary 15th, 2019
  • Days on Market220
  • ZoningResid Single Family, City, Commercial
  • HOA$0

Community Information

  • Address501 Kraft Avenue
  • Area02 - Bay County - Central
  • SubdivisionNo Named Subdivision
  • CityPanama City
  • CountyBay
  • StateFL
  • Zip Code32401


  • InteriorBedroom - Additional, Bedroom - Master
  • Interior FeaturesCeiling Crwn Molding, Floor Tile, Washer/Dryer Hookup, Floor Hardwood, Walls Paneled
  • AppliancesSmoke Detector, Stove/Oven Electric, Range Hood, Refrigerator
  • # of Stories1

School Information

  • ElementarySpringfield
  • MiddleEveritt
  • HighRutherford

Listing Details

  • Listing OfficeKeller Williams Success Realty

Price Change History for 501 Kraft Avenue, Panama City, FL (MLS® #680391)

Date Details Price Change
Price Reduced $150,000 $15,900 (9.58%)
Price Reduced $165,900 $4,000 (2.35%)
Price Reduced (from $180,000) $169,900 $10,100 (5.61%)
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DISCLAIMER: 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 Source: Bay County Association Of REALTORS® Multiple Listing Service