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Panama City, FL Land for Sale

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Commercial Land with Existing Improvements
Updated: Sep 7
Commercial Land with Existing Improvements

2742 E Highway 390, Panama City, FL 32405

$749,499
4,930 sqft 1.13 AC lot
4,930‑square‑foot property with approximately 3,137 square feet of heated and cooled space
C‑1 Neighborhood Commercial zoning with General Commercial Future Land Use designation: GCOM/GENCOM
Estimated 2025 traffic count of approximately 15,774
Attached three‑car garage, oversized existing concrete parking, and metal roof
Private well and septic system; public sewer available roadside
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Commercial Land with Highway Frontage
Updated: Aug 21
Commercial Land with Highway Frontage

3706 W Highway 390, Panama City, FL 32405

$2,695,000
3,097 sqft 2.51 AC lot
Two parcels included
295 feet of frontage on Highway 390
Rear access to Florida Avenue
General Commercial zoning
FDOT reports 16,300 trips daily on Highway 390
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Mixed-Use Property with Industrial Building
Mixed-Use Property with Industrial Building

922 N East Avenue, Panama City, FL 32401

$435,000
2,337 sqft 1.00 AC lot

General Commercial 1 zoning and multiple existing structures support flexible commercial use.

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Scored against comparables nationwide. These are worth a look.

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Commercial Land with Existing Improvements
Commercial Land with Existing Improvements

2742 E Highway 390, Panama City, FL 32405

$749,499
4,930 sqft

C-1-zoned commercial property with adaptable improvements, parking capacity, and a pond-side outdoor area.

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Mobile Home Park Development Site
Mobile Home Park Development Site

333 N Star Avenue, Panama City, FL 32404

$600,000
3,268 sqft 2.61 AC lot

Two 2024 Fleetwood homes accompany a cleared residential tract with well, septic, and power improvements.

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Waterfront Quadplex
Waterfront Quadplex

405 Massalina Drive, Panama City, FL 32401

$865,000
2,988 sqft 0.14 AC lot

Includes a furnished carriage house, shared dock, and deep-water access to the Bay and Gulf of Mexico.

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Commercial Land with Dual Frontage
Commercial Land with Dual Frontage

1900 Northside Drive, Panama City, FL 32405

$1,800,000
9.08 AC lot

GC-2 zoning and an issued environmental resource permit accompany completed stormwater engineering and wetland delineation.

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Multi-Building Warehouse Property
Multi-Building Warehouse Property

2515 E 15th St, Panama City, FL 32405

$1,825,000
7,548 sqft 4.50 AC lot

C3-A zoning supports warehouse, retail, transportation, and other commercial uses, subject to applicable restrictions.

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Updated Duplex with Storage Sheds
Updated Duplex with Storage Sheds

Panama City, FL 32401

$249,000
1,204 sqft 0.17 AC lot

Two remodeled units offer private outdoor storage, central air, and convenient access to shopping, restaurants, schools, and daily amenities.

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Commercial Land with Road Frontage
Commercial Land with Road Frontage

1200 W 19th Street, Panama City, FL 32405

$351,000
1.65 AC lot

GC-2 zoning and completed stormwater engineering and wetland delineation support site planning.

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Commercial Waterfront Land
Commercial Waterfront Land

6213 E Highway 98, Panama City, FL 32404

$575,000
3,977 sqft

Bay-front land includes an existing freestanding building reduced to the studs.

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Commercial Land with Road Frontage
Commercial Land with Road Frontage

1200 W Northside Drive, Panama City, FL 32405

$351,000
9.20 AC lot

GC-2 zoning and completed site studies support evaluation for commercial development.

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Entitled Waterfront Development Site
Entitled Waterfront Development Site

305 E Beach Drive, Panama City, FL 32401

$4,500,000
3.25 AC lot

Entitled waterfront development land with direct Massalina Bayou frontage and a recorded, assignable development agreement.

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Commercial Land with Highway Frontage
Commercial Land with Highway Frontage

3706 W Highway 390, Panama City, FL 32405

$2,695,000
3,097 sqft

General Commercial-zoned land with rear access from Florida Ave and nearby retail amenities.

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Commercial Land with GC-2 Zoning
Commercial Land with GC-2 Zoning

1200 W 19Th Street, Panama City, FL 32405

$351,000
1.65 AC lot

GC-2 zoning supports a range of commercial development options.

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Commercial Land with Environmental Permit
Commercial Land with Environmental Permit

1200 W Northside Drive, Panama City, FL 32405

$351,000
9.20 AC lot

A GC-2-zoned site has an issued environmental resource permit, with stormwater engineering and wetland delineation completed.

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Commercial Land with Existing Buildings
Commercial Land with Existing Buildings

4841 E Highway 98, Panama City, FL 32404

$299,000
4,440 sqft

Improved commercial land with two existing buildings and extensive concrete parking.

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Commercial Land with Issued Permit
Commercial Land with Issued Permit

1900 W Northside Drive, Panama City, FL 32405

$397,800
1.87 AC lot

GC-2 zoning and completed site studies support commercial development planning.

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Bayfront Mixed-Use Land
Bayfront Mixed-Use Land

6135 E E Highway 98, Panama City, FL 32404

$430,000
32,670 sqft

Mixed-Use zoning supports consideration of residential and commercial development.

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Multi-Building Warehouse Property
Multi-Building Warehouse Property

2515 E 15th Street, Panama City, FL 32405

$1,825,000
7,548 sqft 4.50 AC lot

C3-A zoning supports warehouse, retail, transportation, and other commercial uses.

View details
Waterfront Industrial Property
Waterfront Industrial Property

101 N Church Ave, Panama City, FL 32401

$7,000,000
3,225 sqft 6.40 AC lot

Deepwater access, dock infrastructure, and a dedicated travel-lift bay support marine-oriented industrial operations.

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GC-2 Commercial Land
GC-2 Commercial Land

1200 W Northside Drive, Panama City, FL 32405

$351,000
9.20 AC lot

GC-2 zoning and an issued environmental resource permit support commercial site planning.

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Updated Waterfront Triplex
Updated Waterfront Triplex

6722 S Lagoon Dr, Panama City, FL 32408

$1,100,000
2,720 sqft

Three-unit waterfront property with two boat slips and a boat lift.

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Entitled Waterfront Development Land
Entitled Waterfront Development Land

305 E Beach Drive, Panama City, FL 32401

$4,500,000
3.25 AC lot

Entitled waterfront site with direct Massalina Bayou frontage and recorded, assignable development agreement in MU-3 zoning.

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Panama City, FL Land Market Trends and Statistics

Explore 671 land for sale in Panama City, FL, showcased through 671 active listings on our real estate platform. These investment opportunities span a total of 224,399,589 square feet of properties for sale, with an estimated market value of $490,939,560.

Sale prices for lots in Panama City, FL start at $30,000, averaging $844,990, and reaching up to $21,000,000 — 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

Residential land & home lots 370
Commercial land 262
Waterfront Land 150
Industrial land 13
Agricultural land / Farmland 7

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 - 32401 $702.6K
Panama City Beach - 32413 $1.3M
Rosemary Beach - 32461 $3.2M

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)

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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