$299,000
Panama City, FL 32404
MLS# 794085
4440 sqft
1 / 39
Property Description
**High-Visibility Highway 98 Commercial Redevelopment Opportunity** Excellent commercial redevelopment opportunity on approximately 0.65 acres with an impressive 175 feet of frontage along East Highway 98 in Panama City. This highly visible property currently features two commercial buildings, including a 2,340-square-foot vehicle service building and an approximately 2,100-square-foot building identified by the Property Appraiser as vehicle sales/retail. The site offers extensive concrete parking and a prominent location along a well-traveled commercial corridor, providing excellent exposure for a future development or commercial venture. With substantial highway frontage, existing improvements, ample paved parking, and a strategic Panama City location, this property presents an attractive opportunity for investors and developers looking to redevelop or reposition a high-profile commercial site. The existing buildings may provide potential interim use while plans for redevelopment are explored. Buyer to verify zoning, permitted uses, development potential, dimensions, utilities, and all other property information with the appropriate governmental authorities.
Details
Maps
Contract Info
List Price/SqFt: 67.34
List Date: 2026-08-07
List Price: $299,000
Current Price: $299,000
Sub-Type: Business Only
Location
Sub Area: 0202 - Bay - Central SE
Community/Resort: DIB District
Waterfront: No
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: Head east on US-98 E, Turn right onto Frankford Ave, Turn left onto US-98 BUS E/W Beach Dr, Turn left onto US-98 BUS E/W 6th St, Continue to follow US-98 BUS E, Pass by Dollar General, Destination will be on the left
Area: 02 - Bay County - Central
Street #: 4841
Street Direction: E
Street Name: Highway 98
State: FL
Zip Code: 32404
County: Bay
Subdivision: Lake Drive Heights
Parcel ID: 25347-000-000
Legal Description: LAKE DRIVE HEIGHTS LOTS 19,20,21,22 BLK E ORB 4103 P 85
General Property Info
List Class: Commercial
Site Dimensions: 175.0 ft x 164.0 ft
Acreage: 0.66
Construction Status: Construction Complete
SqFt Tot Bldg: 4440
Lot Depth: 164
Lot SqFt: 28662
Year Built: 1980
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: **High-Visibility Highway 98 Commercial Redevelopment Opportunity** Excellent commercial redevelopment opportunity on approximately 0.65 acres with an impressive 175 feet of frontage along East Highway 98 in Panama City. This highly visible property currently features two commercial buildings, including a 2,340-square-foot vehicle service building and an approximately 2,100-square-foot building identified by the Property Appraiser as vehicle sales/retail. The site offers extensive concrete parking and a prominent location along a well-traveled commercial corridor, providing excellent exposure for a future development or commercial venture. With substantial highway frontage, existing improvements, ample paved parking, and a strategic Panama City location, this property presents an attractive opportunity for investors and developers looking to redevelop or reposition a high-profile commercial site. The existing buildings may provide potential interim use while plans for redevelopment are explored. Buyer to verify zoning, permitted uses, development potential, dimensions, utilities, and all other property information with the appropriate governmental authorities.
Construction/Siding
Block: 1
Foundation - Slab on Grade: 1
Roof - Metal: 1
Siding - Metal: 1
Siding - Stucco: 1
Financing
Cash: 1
Present Zoning
General Commercial: 1
Utilities
Sewer Available: 1
Water Connected: 1
Sale Type
As Is: 1
Floors in Unit/Home
One: 1
Offering Type
Sale Only: 1
Transport. Access
City Road: 1
Paved: 1
Status Change Info
Status: Active
Property Features
Financing: Cash
Offering Type: Sale Only
Present Zoning: General Commercial
Sale Type: As Is
Utilities: Water Connected; Sewer Available
Listing Office: Legacy Premier Agency
Last Updated: August - 14 - 2026
Information deemed reliable but not guaranteed.