Price Reduction
Address
1148 Jenks Avenue, Panama City, FL
Price
$ 315,000
Property Attributes
- MLS#794239
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City
- Area02 - Bay County - Central
- NeighborhoodMagnolia Terrace
- Zip32401
- Style
- Year Built1940
- Taxes$ 3172
- Price$ 315,000
- Bedrooms6
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage1796
- Lot Size0.16 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
1148 Jenks Ave presents a unique opportunity in the heart of Panama City for an owner, investor, or entrepreneur looking to create a true live where you work property. Located just minutes from Downtown Panama City, this approximately 1,900-square-foot commercial property offers six existing offices, two bathrooms, ample on-site parking, and a flexible layout that lends itself well to a future residential and commercial mixed-use concept, subject to applicable zoning and approvals. Rather than commuting across town, imagine operating your business from the same property you call home. The existing configuration provides the ability to maintain dedicated professional office space while creating a private residential component, making this an especially attractive opportunity for business owners, professionals, investors, or entrepreneurs. Why 1148 Jenks Ave Stands Out Central Panama City Location Jenks Avenue provides convenient access to Downtown Panama City, major roadways, restaurants, professional services, and surrounding residential neighborhoods. It offers the accessibility of a commercial corridor while remaining close to the city's historic downtown core. Live Where You Work Potential The property's size and existing room configuration create an excellent foundation for a combined residence and workplace. A future owner could potentially create private living quarters while maintaining separate offices, meeting rooms, or client-facing business space. Six Existing Offices The existing six-office layout provides considerable flexibility. Spaces could be utilized for private offices, bedrooms, conference rooms, studios, treatment rooms, creative spaces, or other uses depending on the future design. Two Bathrooms Having two existing bathrooms provides another advantage when planning separate residential and business areas within the property. Income-Producing Property The building is currently tenant-occupied and generating income, giving an investor the ability to benefit from existing cash flow while considering future redevelopment or owner occupancy. Ample On-Site Parking Dedicated parking is a major benefit for any live/work property, particularly for an owner who intends to continue operating a professional business from the building. Flexible Long-Term Investment The property offers multiple potential paths: continue operating it as an income-producing commercial property, occupy it for your own business, or explore transforming it into a distinctive residential mixed-use property. Ideal for Entrepreneurs and Professionals This type of property could be particularly appealing to attorneys, real estate professionals, designers, accountants, consultants, medical or wellness professionals, creatives, or small-business owners who want their home and business operations under one roof. 1148 Jenks Ave is more than simply office space. It is an opportunity to create a unique urban live/work property in the center of Panama City, combining convenience, business functionality, income potential, and future flexibility in one location. Any residential conversion, mixed-use configuration, or change of use would be subject to applicable zoning, building-code requirements, and governmental approvals.
| Elementary School | Middle School | High School |
|---|---|---|
| Cherry Street Elementary School | Jinks Middle School | Bay High School |
| Price History | |
|---|---|
| 8/18/2026 | Listed $325,000 |
| 8/26/2026 | 2$320,000 |
| 9/10/2026 | 2$315,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Connected |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Short Term Rental Allowed |
| County | Bay |
| Property Type | Residential |
| HOA | false |
| Subdivision Name | Magnolia Terrace |
| Status | Active |
| Directions | head south on Jenks right before 11th on left. |
| High School | Bay |
| City | Panama City |
| Zoning Description | Commercial, Office/Prof, Resid Single Family |
| MLS Area | 02 - Bay County - Central |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6970 |
| Elementary School | Cherry Street |
| Tax Annual Amount | 3172.16 |
| Middle/Junior High School | Jinks |
| MLS Area Minor | 0203 - Bay - Central SW |
| Standard Status | Active |
| Property Sub Type Additional | Single Family Residence |
| Occupancy Type | Occupied |
| Year Built | 1940 |
| Garage Y/N | false |
| Total Rooms | 6 |
| Full Baths | 1 |
| Architectural Style | Other |
| New Construction | false |
Interior Features
| Total Baths | 2 |
|---|---|
| Total Bedrooms | 6 |
| LivingAreaSource | Appraiser |
| Half Baths | 1 |
Exterior Features
| Lot Size Area | 0.16 |
|---|---|
| Lot Dimensions | 50.0 ft x 140.0 ft |
| Lot Size Acres | 0.16 |
| Building Area Total | 1796 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32401
Price
Taxes
Year Built
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The 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.
