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CRA approves purchase of vacant lot at 704 E. 15th St. for $175,000
Panama City Community Redevelopment Agency · November 12, 2025
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Summary
The CRA authorized use of Downtown North funds to buy a 16,800 sq ft property at 704 East 15th Street for $175,000; staff noted an appraisal at $250,000 and a recommended 90–120 day environmental due‑diligence period because the site formerly housed a gas station.
The Panama City CRA on Nov. 4 voted 5‑0 to approve purchase of parcel 17340‑010‑000 (704 East 15th Street) for $175,000 using Downtown North CRA funds. Staff described the lot – 16,800 square feet at the southeast corner of East 15th Street (US‑98) and MLK…
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