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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
    2.51‑acre commercial land property
    295 feet of frontage on Highway 390
    Rear access from Florida Avenue
    General Commercial zoning
    Two separate parcels included
    View details
    Mixed-Use Property with Industrial Building
    Updated: Aug 3
    Mixed-Use Property with Industrial Building

    922 N East Avenue, Panama City, FL 32401

    $435,000
    2,337 sqft 1.00 AC lot
    1 acre with 132 feet of frontage on N East Avenue
    Zoned General Commercial 1
    2,337‑square‑foot residence with 3 bedrooms and 1.5 bathrooms
    30'x40' metal building with underground electrical and a 400AMP 3‑phase circuit panel
    Metal building previously used as a fabrication shop; hurricane damage requires a new roof
    View details
    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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    See what stands out in Bay County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    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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    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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    Waterfront Office Building
    Waterfront Office Building

    220 Mckenzie Avenue, Panama City, FL 32401

    $2,950,000
    10,157 sqft 1.10 AC lot

    Two-story office property with private offices, conference rooms, a law library, and direct water access.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    Bar Property With Outdoor Deck
    Bar Property With Outdoor Deck

    1623 W 15th Street, Panama City, FL 32401

    $850,000
    3,512 sqft

    Established bar property with a finished lounge, equipped wood bar, outdoor deck, and CG-2 zoning.

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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
    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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    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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    Entitled Waterfront Land
    Entitled Waterfront Land

    305 E Beach Drive, Panama City, FL 32401

    $4,500,000
    3.25 AC lot

    MU-3 zoning and a recorded development agreement provide vested rights for residential and marina development.

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    Highway 231 Commercial Land
    Highway 231 Commercial Land

    Star Avenue, Panama City, FL 32404

    $599,000
    2.00 AC lot

    2-acre commercial parcel with high visibility on Highway 231.

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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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    Waterfront Land With Mixed-Use Zoning
    Waterfront Land With Mixed-Use Zoning

    6135 E Highway 98, Panama City, FL 32404

    $490,000
    0.75 AC lot

    Mixed-use zoning combines with East Bay shoreline access and nearby parks, dining, and marina amenities.

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    Waterfront Land with Double Garage
    Waterfront Land with Double Garage

    6135 E Highway 98, Panama City, FL 32404

    $490,000
    0.75 AC lot

    Mixed-use zoning and public sewer accompany an improved bayfront parcel with an oversized double garage.

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    Commercial Land with Metal Building
    Commercial Land with Metal Building

    922 East Avenue, Panama City, FL 32401

    $435,000
    2,337 sqft

    General Commercial 1 zoning accompanies existing residential and industrial improvements suitable for conversion or continued commercial use.

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    Commercial Land with Water Views
    Commercial Land with Water Views

    2406 Saint Andrews Boulevard, Panama City, FL 32405

    $875,000
    2.20 AC lot

    Cleared development site with remaining accessory structures and water views to the rear.

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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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    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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    New Warehouse with Distribution Features
    New Warehouse with Distribution Features

    Panama City, FL 32405

    $5,750,000
    30,000 sqft 4.00 AC lot

    30,000 SF warehouse with distribution and logistics features.

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    Commercial Land with Rail Access
    Commercial Land with Rail Access

    6804 Highway 231, Panama City, FL 32404

    $595,000
    7.36 AC lot

    C-3A zoning, Highway 231 access, and a portable shed are included.

    View details
    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.

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    4810 W Highway 98, Panama City, FL 32401

    $2,300,000
    4.77 AC lot

    General Commercial 2 zoning with access from Hwy 98, 19th St, and Brown Ave.

    View details

    Panama City, FL Land Market Trends and Statistics

    Explore 724 land for sale in Panama City, FL, showcased through 724 active listings on our real estate platform. These investment opportunities span a total of 1,676,885,003 square feet of properties for sale, with an estimated market value of $456,982,802.

    Sale prices for lots in Panama City, FL start at $30,000, averaging $787,901, 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 421
    Commercial land 295
    Waterfront Land 175
    Industrial land 16
    Agricultural land / Farmland 12

    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 $658.3K
    Panama City Beach - 32413 $1M
    Rosemary Beach - 32461 $2.7M

    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

    Retail

    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
    • 32409
    • 32408
    • 32461
    • 32413
    • 320401

    Featured Panama City Real Estate Agencies

    Realmo connects you with licensed Panama City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Full Sail Realty of Northwest Florida
    1514 W. 23rd St, Suite B Panama City, FL 32405
    Phone: 18508194961
    FullSailNWFL.com

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