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XXX W Highway 98, Panama City, FL 32401

$4,900,000
Property Type: Commercial Land Lot Size (sq. ft.): 111,949 Status: Active
Current Price: $4,900,000 List Date: 8/20/2025 Last Modified: 10/13/2025

Description

Exceptional opportunity to acquire 4.21± 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.

More Information MLS# 772654

Contract Info

List Price/Acre: 1906614.79 List Type: Exclusive Right of Sale 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 4.21± 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: October - 13 - 2025
Information deemed reliable but not guaranteed.