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1524 E 5th, Business 98 Street, Panama City, FL 32401

$1,850,000
Property Type: Commercial Land Lot Size (sq. ft.): 59,242 Status: Active
Current Price: $1,850,000 List Date: 7/23/2025 Last Modified: 12/26/2025

Description

Great Location off Business Highway 98 with road and water frontage. This Commercial Waterfront parcel Zoned GC-2 fronts Watson Bayou and sits next to the exclusive Watson Landings Marina for your boating needs. New 14 wet slips and custom lifts recently added with power and water to each slip. Hydraulic lifts on slips. More slips can be added going through the proper channels. Can accommodate plus 40 foot boat. All utilities in place with city sewer and water, as there used to be a dwelling on the premises prior to Hurricane. Land has a seawall (250 ft) in place and a 136 foot long boat Dock (deep water access), to include over 250 feet of waterfront. Excellent location and land size to build a storage facility, Retail, multi family or single-family homes as it is zoned Commercial and Mixed Use. Easy water access to Gulf with upscale marina next door for your boat fuel, storage and goods. New City Public Boat Ramp in close vicinity. Will seller finance if needed. Zoned Special Needs with tax incentives.

More Information MLS# 759811

Contract Info

List Price/Acre: 1360294.12 List Type: Exclusive Right of Sale List Date: 2024-07-12 List Price: $1,850,000 Current Price: $1,850,000 Sub-Type: Land/Acres

Location, Tax & Legal

Sub Area: 0202 - Bay - Central SE Community/Resort: None Waterfront: Yes Elementary School: Cherry Street Middle School: Jinks High School: Bay Directions: Go East on Highway 98 and take a right on Martin Luther King Road. Passing Bay Medical on the left, you will take a left at the stop light and follow the road (East Business 98) until you see the vacant land on the right next to Watson Landings Marina. HOA Fee: No Street #: 1524 Street Direction: E Street Name: 5th, Business 98 Street Suffix: Street State: FL Zip Code: 32401 County: Bay Area: 02 - Bay County - Central Subdivision: Bayou Plat Parcel ID: 22235-000-000 Legal Description: 10 4S 14W -5- 81A BEG 900' E OF SW COR OF NW1/4 OF NW1/4 TH NWLY 175' ALG S BDRY RD 10 TH SLY AT RT ANGLE TO WATER THSELY ON BAYOU TO PT S OF BEG TH N TO BEG ORB 3510 P 1713

General Property Info

Site Dimensions: 237 x 250 Acreage: 1.36 Lot Size (SqFt): 59242 Is Subject Leased: No

Remarks & Misc

Remarks: Great Location off Business Highway 98 with road and water frontage. This Commercial Waterfront parcel Zoned GC-2 fronts Watson Bayou and sits next to the exclusive Watson Landings Marina for your boating needs. New 14 wet slips and custom lifts recently added with power and water to each slip. Hydraulic lifts on slips. More slips can be added going through the proper channels. Can accommodate plus 40 foot boat. All utilities in place with city sewer and water, as there used to be a dwelling on the premises prior to Hurricane. Land has a seawall (250 ft) in place and a 136 foot long boat Dock (deep water access), to include over 250 feet of waterfront. Excellent location and land size to build a storage facility, Retail, multi family or single-family homes as it is zoned Commercial and Mixed Use. Easy water access to Gulf with upscale marina next door for your boat fuel, storage and goods. New City Public Boat Ramp in close vicinity. Will seller finance if needed. Zoned Special Needs with tax incentives.

Other Structures

Other: 1 See Remarks: 1

Financing

Cash: 1 Conventional: 1 Seller Financing: 1

Lot Features

Cleared: 1 Front Footage: 1 Level: 1 Near Public Boat Ramp: 1 Survey Available: 1 Waterfront: 1

Waterfront Feature

Bulkhead/Seawall: 1 Shore - Seawall: 1 Waterfront Feet: 250

Lot/Parcel Access

City Road: 1 Paved Road: 1

Present Zoning

Commercial: 1 General Commercial: 1 Industrial Light: 1 Multi-Family: 1 Resid Multi-Family: 1 Resid Single Family: 1

Association Amenities

Dock: 1

Utilities

All Utilities: 1 Public Sewer - Connected: 1 Water Connected: 1

Waterview

Bay: 1

Sale Type

As Is: 1

Waterfront Type

Bayou w/ Gulf Access: 1

TransportationAccess

4 - Lane: 1 City Road: 1 Paved: 1

Status Change Info

Status: Active

Property Features

TransportationAccess: 4 - Lane; City Road; Paved Financing: Cash; Conventional; Seller Financing Lot Features: Cleared; Front Footage; Level; Near Public Boat Ramp; Survey Available; Waterfront Other Structures: Other; See Remarks Sale Type: As Is Utilities: All Utilities; Public Sewer - Connected; Water Connected Waterfront Type: Bayou w/ Gulf Access Waterfront Feature: Shore - Seawall Present Zoning: Commercial; General Commercial; Industrial Light; Multi-Family; Resid Multi-Family; Resid Single Family Waterview: Bay
Listing Office: Coastal Sun Realty LLC
Last Updated: December - 26 - 2025
Information deemed reliable but not guaranteed.