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    Panama City, FL
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    Panama City, FL Assisted Living Facilities for Sale

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    Multi-Use Office Building with Suites
    Updated: Mar 26
    Multi-Use Office Building with Suites

    722 N Cove Blvd, Panama City, FL 32401

    $650,000
    3,000 sqft 0.27 AC lot
    Listing includes both properties: 722 Martin Luther King and 722 1/2 MLK
    Over 3,000 sq. ft. commercial building on a 0.27‑acre lot
    10 bedrooms and 8 bathrooms across the property’s flexible layout
    Minutes from Downtown, the hospital, and major shopping centers
    Layout supports private offices, client suites, or guest accommodations for office, medical, hospitality, or mixed‑use use
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    This listing looks promising.

    Here's a quick look at some key insights for

    722 N Cove Blvd, Panama City, FL

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $41K
      Annual

    • Price @ 7% Cap

      $580K
      Suggested

    • Property Type

      Single Family Residence
      Built 1998
    View Property Analytics
    Assisted Living Facility Building
    Updated: Mar 25
    Assisted Living Facility Building

    722 N Martin Luther King Junior Boulevard, Panama City, FL 32401

    $650,000
    3,100 sqft 0.27 AC lot
    Over 3,000 sq. ft. commercial building
    10 bedrooms and 8 bathrooms
    0.27‑acre lot with expansion or parking potential
    Brick and block construction
    Listing is for both properties: 722 Martin Luther King and 722 1/2 MLK
    View details
    Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 2 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 17 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Licensed Personal Care Home
    Licensed Personal Care Home

    511 N Monroe St, Albany, GA 31701

    $195,000
    2,064 sqft 0.50 AC lot

    Configured care-home property with resident bedrooms, shared gathering space, updated systems, and outdoor areas.

    View details
    Vacant Hotel Building with 26 Rooms
    Vacant Hotel Building with 26 Rooms

    304 North Washington Street, Albany, GA 31701

    Contact for pricing
    30,000 sqft 0.37 AC lot

    Vacant former hotel with 26 rooms, meeting spaces, and courtyard, zoned C-2 with 5 parking spaces plus on-street parking.

    View details
    Assisted Living Facility with 2015 Roof
    Assisted Living Facility with 2015 Roof

    108 Wagner Road, Bonifay, FL 32425

    Contact for pricing

    Concrete block assisted living building with a 2015 metal roof, multiple rooms, and existing furnishings included.

    View details
    Healthcare Facility Building
    Healthcare Facility Building

    401 E Byrd Avenue, Bonifay, FL 32425

    Contact for pricing

    Former Doctors Memorial Hospital building offers flexible healthcare and institutional redevelopment options.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    D'Iberville Development Site For Sale
    D'Iberville Development Site For Sale

    14085 Lamey Brg Road, Biloxi, MS 39532

    $2,000,000
    16.00 AC lot

    Development site suited for residential development in D'Iberville, MS.

    View details
    Prime Land Development Opportunity
    Prime Land Development Opportunity

    2853 W Norvell Bryant Highway, Lecanto, FL 34461

    $4,999,000
    3.57 AC lot

    3.57 acres in a high-traffic retail hub.

    View details
    Commercial Land with Paved Frontage
    Commercial Land with Paved Frontage

    7929 S Suncoast Boulevard, Homosassa, FL 34446

    $199,000
    1.81 AC lot

    Zoned MDR, this 1.81-acre site offers 165 feet of paved frontage on US 19/Suncoast Blvd.

    View details
    Rare Commercial Land on Highway
    Rare Commercial Land on Highway

    3865-3899 E Gulf To Lake Highway, Inverness, FL 34453

    $1,175,000
    3.80 AC lot

    3.8 acres with highway frontage near retail and downtown.

    View details

    Off-Market Properties in Panama City, FL

    Consider similar Off-Market properties in Panama City, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    521 Bch Dr
    HOMES (RETIRED, NURSING)

    521 Bch Dr, Panama City, FL 32401-3247

    $235,000
    Estimated value
    6,106 sqft 0.43 AC lot
    View details
    11921 Caruso Dr
    HOMES (RETIRED, NURSING)

    11921 Caruso Dr, Panama City, FL 32404-2927

    $115,000
    Estimated value
    6,788 sqft 0.98 AC lot
    View details
    626 Tyndall Pkwy
    HOMES (RETIRED, NURSING)

    626 Tyndall Pkwy, Panama City, FL 32404-6132

    $7,550,000
    Estimated value
    48,820 sqft 4.45 AC lot
    View details
    3212 Jenks Ave
    HOMES (RETIRED, NURSING)

    3212 Jenks Ave, Panama City, FL 32405-4224

    $1,790,000
    Estimated value
    69,709 sqft 17.46 AC lot
    View details
    2100 Jenks Ave
    HOMES (RETIRED, NURSING)

    2100 Jenks Ave, Panama City, FL 32405-4530

    $1,655,000
    Estimated value
    40,691 sqft 9.23 AC lot
    View details
    2059 Lisenby Ave
    HOMES (RETIRED, NURSING)

    2059 Lisenby Ave, Panama City, FL 32405-2902

    $220,000
    Estimated value
    5,020 sqft 3.25 AC lot
    View details
    1400 11th St
    HOMES (RETIRED, NURSING)

    1400 11th St, Panama City, FL 32401-1810

    $470,000
    Estimated value
    21,819 sqft 2.64 AC lot
    View details
    1027 Hwy 98
    HOMES (RETIRED, NURSING)

    1027 Hwy 98, Panama City, FL 32401-3632

    $720,000
    Estimated value
    46,601 sqft 2.29 AC lot
    View details
    1407 Lincoln Dr
    HOMES (RETIRED, NURSING)

    1407 Lincoln Dr, Panama City, FL 32401-2870

    $2,285,000
    Estimated value
    6,547 sqft 4.27 AC lot
    View details
    4621 Hilltop Ln
    HOMES (RETIRED, NURSING)

    4621 Hilltop Ln, Panama City, FL 32405-6446

    $300,000
    Estimated value
    11,059 sqft 2.98 AC lot
    View details
    1204 13th St
    HOMES (RETIRED, NURSING)

    1204 13th St, Panama City, FL 32401-2015

    $230,000
    Estimated value
    3,475 sqft 0.49 AC lot
    View details
    3637 Hwy 390
    HOMES (RETIRED, NURSING)

    3637 Hwy 390, Panama City, FL 32405-2728

    $630,000
    Estimated value
    94,000 sqft 19.92 AC lot
    View details
    3611 Transmitter Rd
    HOMES (RETIRED, NURSING)

    3611 Transmitter Rd, Panama City, FL 32404-9799

    $925,000
    Estimated value
    48,503 sqft 4.83 AC lot
    View details
    526 Mary Ella Ave
    HOMES (RETIRED, NURSING)

    526 Mary Ella Ave, Panama City, FL 32404-2323

    $250,000
    Estimated value
    8,100 sqft 1.38 AC lot
    View details
    2575 Harrison Ave
    HOMES (RETIRED, NURSING)

    2575 Harrison Ave, Panama City, FL 32405-4458

    $570,000
    Estimated value
    31,138 sqft 2.50 AC lot
    View details
    924 13th St
    HOMES (RETIRED, NURSING)

    924 13th St, Panama City, FL 32401-2214

    $410,000
    Estimated value
    28,813 sqft 2.33 AC lot
    View details
    335 Watersound Pkwy
    HOMES (RETIRED, NURSING)

    335 Watersound Pkwy, Inlet Beach, FL 32461-7441

    $295,000
    Estimated value
    8.68 AC lot
    View details

    Panama City, FL Assisted Living Facilities Market Trends and Statistics

    Explore 19 assisted living facilities for sale in Panama City, FL on our real estate platform. These investment opportunities span a total of 6,100 square feet of properties for sale, with an estimated market value of $1,300,000.

    Sale prices for assisted living facilities in Panama City, FL average $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Medical centers 6
    Medical space 3
    Assisted living facilities 2
    Spa & wellness properties 2
    Rehabilitation centers 1

    Demographics Overview

    Population 154K
    Population Growth (5Y) +1,132.7%
    Median Household Income $71,237
    College Educated 29.8%

    High-Yield Neighborhoods for Investment

    Identify Panama City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32401 $650K

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $28.37 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bay County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Bay County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Panama City fall within the 100,000+ square foot range.

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