Drug Store

Panama City, FL Drug Stores for Sale

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Retail Pharmacy Building with Parking
Updated: Apr 11
Retail Pharmacy Building with Parking

1108 Harrison Avenue, Panama City, FL 32401

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Former Smith's Pharmacy location, well known for many years
Lots of parking plus alley access for customer and service convenience
Corner location at the northeast intersection of 11th and Harrison in Panama City
New roof installed after a hurricane
New gutters installed
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

CVS Pharmacy Drug Store
CVS Pharmacy Drug Store

434 Racetrack Rd NE, Fort Walton Beach, FL 32547

$5,687,000
13,949 sqft

Single-tenant CVS pharmacy property combining prescription services and everyday convenience retail along a high-traffic thoroughfare.

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Midtown Mobile Retail/Office Opportunity
Midtown Mobile Retail/Office Opportunity

150 S Ann St, Mobile, AL 36604

$1,495,000
11,000 sqft 1.38 AC lot

Former Rite Aid on high-traffic corner, suitable for retail/office.

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Strip Center with Pharmacy Anchor
Strip Center with Pharmacy Anchor

2912 Dauphin Island Parkway, Mobile, AL 36605

$1,465,000
2.85 AC lot

Multi-tenant strip center with a pharmacy anchor and additional small retail shops on a signalized corner.

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Drug Store Ground Lease with Drive-Through
Drug Store Ground Lease with Drive-Through

977 US-98, Destin, FL 32541

Contact for pricing

Absolute NNN leasehold with drive-through lane and 12 years remaining, featuring 5% rent increases every five years.

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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.

Zoned Mixed-Use Land Parcel
Zoned Mixed-Use Land Parcel

10200 BLK Hwy 97, Walnut Hill, FL 32568

$119,500
4.45 AC lot

Zoned RMU commercial land offering residential development potential with allowance for limited small retail and services.

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Commercial Land in Phenix City
Commercial Land in Phenix City

421 431 BYPASS SO, Phenix City, AL 36867

$450,000
1.20 AC lot

Two lots ideal for retail or office in Phenix City.

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Citrus Springs Commercial Development Land
Citrus Springs Commercial Development Land

10523 N Florida Avenue, Citrus Springs, FL 34434

$199,000
1.65 AC lot

1.64 acre commercial parcel on U.S. 41 in Citrus Springs.

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Prime Development Site on CR-486
Prime Development Site on CR-486

161 W NORVELL BRYANT Hwy, Hernando, FL 34442

$649,000
1.98 AC lot

1.98 AC development site with highway frontage and high visibility.

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Panama City, FL Drug Stores Market Trends and Statistics

Explore 1 drug stores for sale in Panama City, FL on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Shopping centers 19
Storefront properties 16
Automotive properties 10
Auto shops 6
Showrooms 6

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
32405 $2.4M

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

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