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    Panama City, FL Commercial Land for Sale

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    Highway 231 Commercial Land
    Updated: May 30
    Highway 231 Commercial Land

    Star Avenue, Panama City, FL 32404

    $599,000
    2.00 AC lot
    2‑Acre Commercial Parcel on Highway 231
    Zoned General Commercial, offering outstanding flexibility
    Approximately 285 ft of frontage on Highway 231
    High traffic count: 25,000+ vehicles per day
    Located within Bay County limits
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    General Commercial Site with Rail Access
    Updated: Apr 13
    General Commercial Site with Rail Access

    6804 Highway 231, Panama City, FL 32404

    $595,000
    7.36 AC lot
    General Commercial (C‑3A) zoned site in Bay County with access to Highway 231 via a rail crossing on the Bay Line Railroad
    Direct access from both north and southbound lanes via a median cut at the site’s southernmost Highway 231 frontage
    All public utilities available on Hwy 231, plus a 4‑inch well near the center of the property
    Includes a 20+/- ft by 24+/- ft portable shed
    Property features rail access and Highway 231 frontage suitable for future development
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    Prime Development Opportunity in Panama
    Prime Development Opportunity in Panama

    4810 W Highway 98, Panama City, FL 32401

    $2,300,000
    4.77 AC lot

    4.77 acre commercial parcel in a prime location.

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    Commercially Zoned Site on Highway
    Commercially Zoned Site on Highway

    6804 Highway 231, Panama City, FL 32404

    $595,000
    320,602 sqft 7.36 AC lot

    Commercial land with highway access and favorable zoning.

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    Gulf-Front Mixed-Use Land Parcel
    Gulf-Front Mixed-Use Land Parcel

    5403 Gulf Drive, Panama City, FL 32408

    $1,820,000
    0.29 AC lot

    Cleared Gulf-front land near public beach access, offered with mixed-use zoning and paved road access.

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    Commercial Land in Panama City
    Commercial Land in Panama City

    4127 W Highway 98, Panama City, FL 32401

    $1,294,000
    0.77 AC lot

    Prime commercial land with high traffic count in Panama City.

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    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    4010 Thomas Drive, Panama City, FL 32408

    $649,000
    0.44 AC lot

    Commercially zoned lot with 225 feet of frontage, on-site utilities, and allowance for outside storage and most commercial uses.

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    Retail Development Opportunity in Panama
    Retail Development Opportunity in Panama

    2732 East 15th Street, Panama City, FL 32405

    $250,000
    16,600 sqft 0.50 AC lot

    Prime corner lot in high-traffic area, ideal for retail.

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    High-Visibility Development Site
    High-Visibility Development Site

    2822 Martin Luther King Jr Blvd Avenue, Panama City, FL 32405

    $1,500,000
    3.40 AC lot

    A shovel-ready parcel with 220 feet of four-lane highway frontage and dual access points for flexible commercial development.

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    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    2406 Saint Andrews Boulevard, Panama City, FL 32405

    $875,000
    2.20 AC lot

    2.2-acre parcel ideal for development in Panama City, FL.

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    Waterfront Development Opportunity in Panama
    Waterfront Development Opportunity in Panama

    Fanning Bayou Drive, Panama City, FL 32409

    $5,000,000
    36 sqft

    Waterfront land suitable for development with deepwater access.

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    Expansive Commercial Land Opportunity
    Expansive Commercial Land Opportunity

    Hwy 231, Panama City, FL 32404

    $1,500,000
    93.00 AC lot

    Large 93-acre commercial tract with high visibility in Panama City.

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    C-3 Zoned Commercial Land
    C-3 Zoned Commercial Land

    4010 Thomas Drive, Panama City, FL 32408

    $649,000
    0.44 AC lot

    Commercial land with 225 feet of frontage, C-3 zoning for outside storage, and utilities available on-site.

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    Prime Commercial Property on Highway
    Prime Commercial Property on Highway

    2213 HWY 231, Panama City, FL 32405

    $129,900
    13,155 sqft 0.30 AC lot

    Commercial property suitable for various business ventures, high traffic.

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    Commercial Land on Tyndall Parkway
    Commercial Land on Tyndall Parkway

    133 S Tyndall Parkway, Panama City, FL 32404

    $750,000
    0.70 AC lot

    Out-parcel on busy Tyndall Parkway in front of shopping center.

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    Commercial Land with Existing Utilities
    Commercial Land with Existing Utilities

    325 S Tyndall Parkway, Panama City, FL 32404

    $175,000
    0.35 AC lot

    Commercial land on US-98 with utilities still in place and a long-running restaurant history.

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    Out-Parcel on Tyndall Parkway
    Out-Parcel on Tyndall Parkway

    133 S Tyndall Parkway, Panama City, FL 32404

    $750,000
    0.70 AC lot

    Commercial land for sale on busy Tyndall Parkway.

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    Panama City Build-Ready Land
    Panama City Build-Ready Land

    1512 S Berthe Avenue, Panama City, FL 32404

    $175,000
    0.67 AC lot

    Two side-by-side cleared lots ready for immediate construction.

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    Panama City Commercial Lot For Sale
    Panama City Commercial Lot For Sale

    4620 Hwy 390 E, Panama City, FL 32404

    Contact for pricing
    2 sqft

    2.1 acre commercial lot near Tyndall Air Force Base.

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    Cleared Land in Panama City
    Cleared Land in Panama City

    1516 S Berthe Avenue, Panama City, FL 32404

    $175,000
    0.67 AC lot

    Two build-ready lots in a prime Panama City location.

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    Prime Panama City Development Opportunity
    Prime Panama City Development Opportunity

    4810 W Highway 98, Panama City, FL 32401

    $2,300,000
    4.77 AC lot

    4.77 acre commercial parcel in a prime location.

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    Highway 77 Commercial Land Parcel
    Highway 77 Commercial Land Parcel

    12135 Highway 77, Panama City, FL 32409

    $775,000
    5.07 AC lot

    5.07-acre commercial parcel on high-traffic highway, Panama City, FL.

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    2.12 Acres Prime Commercial Lot with Versatile Development Potential For Sale
    2.12 Acres Prime Commercial Lot with Versatile Development Potential For Sale

    3715 Airport Dr, Panama City, FL 32405

    $950,000
    92,347 sqft 2.12 AC lot

    2.12 Acres Prime Commercial Lot with Versatile Development Potential For Sale

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    Prime Commercial Land on Highway
    Prime Commercial Land on Highway

    Hwy 231, Panama City, FL 32404

    $199,000
    1.35 AC lot

    High-visibility 1.3+ acre commercial land on a busy highway.

    View details

    Panama City, FL Commercial Land Market Trends and Statistics

    Explore 185 commercial land for sale in Panama City, FL, showcased through 185 active listings on our real estate platform. These investment opportunities span a total of 1,045,062 square feet of properties for sale, with an estimated market value of $20,747,900.

    Sale prices for commercial lots in Panama City, FL start at $129,900, averaging $1,296,743, and reaching up to $5,000,000 — 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

    Commercial land 232
    Residential land & home lots 140
    Waterfront Land 96
    Industrial land 12
    Recreation land 10

    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
    Panama City $1.1M
    Panama City Beach $19.8M

    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 1 to 5 acres range.

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    Most Searched ZIP Codes in Panama City, FL

    • 32404
    • 32405
    • 32401
    • 32408
    • 32409
    • 32413
    • 32461

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