$4,900,000
Panama City, FL 32401
MLS# 772654
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Property Description
Exceptional opportunity to acquire 2.57± acres of prime commercial waterfront property, strategically located in Panama City. Zoned General Commercial, this site supports a broad array of development opportunities such as retail centers, professional office complexes, service businesses, wholesale sales, shopping plazas, and more. The zoning is designed to accommodate intensive commercial activity, making it ideal for developers or investors seeking a high-potential waterfront site in a growing market. Boasting a 2024 FDOT Average Daily Traffic Count of 41,500, this high-visibility site offers unparalleled access and exposure for a wide range of commercial ventures. Situated close to major regional landmarks including Hathaway Bridge, the Port of Panama City, Gulf Coast State College, and Florida State University's Panama City campus, this property sits at the crossroads of commerce, education, and infrastructure. Don't miss this rare opportunity to develop a high-impact commercial property in one of Panama City's most accessible and dynamic locations.
Details
Maps
Contract Info
List Price/Acre: 1906614.79
List Type: Exclusive Right of Sale
Named Exception: No
List Date: 2025-04-28
List Price: $4,900,000
Current Price: $4,900,000
Sub-Type: Land/Acres
Location, Tax & Legal
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: Yes
Elementary School: Lucille Moore
Middle School: Jinks
High School: Bay
Directions: Located on U.S. Hwy 98 West, 1+/- miles east of the Hathaway Bridge on the south side of the highway across from the Circle K and Suburban Suites Hotel
HOA Fee: No
Street #: XXX
Street Direction: W
Street Name: Highway 98
State: FL
Zip Code: 32401
County: Bay
Area: 02 - Bay County - Central
Subdivision: No Named Subdivision
Parcel ID: 28342-000-000
Legal Description: BAYVIEW ADD LOT 4 LESS E 105' & E 95' OF LOT 5 & PCL OF SUB LAND LYING S OF BLK 20 ORB 3736 P 940
and
BAYVIEW ADD E 105' LOT 4 BLK 20 ORB 3736 P 940
General Property Info
Acreage: 2.57
Lot Size (SqFt): 111949
Is Subject Leased: No
Remarks & Misc
Remarks: Exceptional opportunity to acquire 2.57± acres of prime commercial waterfront property, strategically located in Panama City. Zoned General Commercial, this site supports a broad array of development opportunities such as retail centers, professional office complexes, service businesses, wholesale sales, shopping plazas, and more. The zoning is designed to accommodate intensive commercial activity, making it ideal for developers or investors seeking a high-potential waterfront site in a growing market. Boasting a 2024 FDOT Average Daily Traffic Count of 41,500, this high-visibility site offers unparalleled access and exposure for a wide range of commercial ventures. Situated close to major regional landmarks including Hathaway Bridge, the Port of Panama City, Gulf Coast State College, and Florida State University's Panama City campus, this property sits at the crossroads of commerce, education, and infrastructure. Don't miss this rare opportunity to develop a high-impact commercial property in one of Panama City's most accessible and dynamic locations.
Financing
Cash: 1
Conventional: 1
Lot Features
Cleared: 1
Waterfront: 1
Will Divide: 1
Lot/Parcel Access
Paved Road: 1
U.S. Highway: 1
Present Zoning
General Commercial: 1
Utilities
Electric-3-Phase: 1
Sewer Available: 1
Water Available: 1
Waterfront Type
Bay/Harbor: 1
TransportationAccess
5 - or More Lanes: 1
Status Change Info
Status: Active
Property Features
TransportationAccess: 5 - or More Lanes
Financing: Cash; Conventional
Lot Features: Cleared; Waterfront; Will Divide
Utilities: Electric-3-Phase; Sewer Available; Water Available
Waterfront Type: Bay/Harbor
Present Zoning: General Commercial
Listing Office: SOUTHERN WAY REALTY, INC.
Last Updated: March - 05 - 2026
Information deemed reliable but not guaranteed.