1148 Jenks Avenue, Panama City, FL 32401

$320,000
  • 1148 Jenks Avenue, Panama City, FL 32401 Main Photo

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Active Price Reduced by $5,000 on August 26th, 2026
BEDS6 BATHS1 full 1 partial SQUARE FEET1,796 MLS#794239
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONMagnolia Terrace

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.

1148 Jenks Avenue | MLS# 794239

This single family home located at 1148 Jenks Avenue, Panama City, FL 32401 is currently listed for sale with an asking price of $320,000. This property was built in 1940 and has 6 bedrooms and 1 full and 1 partial baths with 1796 sq. ft. Jenks Avenue is located in the Magnolia Terrace subdivision. Search Magnolia Terrace real estate on www.realtymark.net today.

Property Features

Property Type: Residential - Single Family
Lot Size: 0.16 Acres
Taxes: $3,172
Year Built: 1940

Feature Descriptions

Community Features: Short Term Rental Allowed
Days on Site: 14
Lot Dimensions: 50.0 ft x 140.0 ft
Parcel#: 18510-010-000
Sewer: Public Sewer
Utilities: Cable Connected

Room Sizes

Office: 0 X 0 Level - First
Office: 0 X 0 Level - First
Bedroom: 0 X 0 Level - First
Full Bath: 0 X 0 Level - First
Bedroom: 0 X 0 Level - First
Bedroom: 0 X 0 Level - First

Local Schools

High School: Bay
Middle School: Jinks
Elementary School: Cherry Street

Listed By / Shown By

Listed By

Agency Name: Hitchcock Real Estate LLC

Shown By

Agency Title: RealtyMark
Agency Phone: 888-260-0040

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Estimated Payment

$ 1,069.85 per month $712.18 Principal & Interest $264.33 Property Tax $93.33 Homeowner's Insurance

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All commissions are negotiable Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 09/01/2026. The listing information on this page last changed on 09/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 09/01/2026 12:00:03 AM EST) or Stellar MLS (last updated Mon 08/31/2026 11:54:59 PM EST) or GSMLS (last updated Mon 08/31/2026 11:54:06 PM EST) or Emerald Coast MLS (last updated Mon 08/31/2026 11:55:22 PM EST) or Fort Myers (last updated Mon 08/31/2026 11:04:27 PM EST) or Central Panhandle Association of Realtors (last updated Mon 08/31/2026 11:57:19 PM EST) or Northeast Florida MLS (last updated Mon 08/31/2026 11:58:58 PM EST) or Beaches MLS (last updated Mon 08/31/2026 11:55:34 PM EST) or Naples MLS (last updated Mon 08/31/2026 11:40:23 PM EST) or Bright MLS (last updated Mon 08/31/2026 11:49:42 PM EST) or OneKey MLS (last updated Mon 08/31/2026 11:53:22 PM EST). Real estate listings held by brokerage firms other than RealtyMark may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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