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    1524 E 5Th St Panama City, FL 32401

    For Sale
    $1,850,000

    COMMERCIAL - Panama City, FL

    Lot size:
    1.36 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 10 at 11:06 pm

    Property Features for 1524 E 5Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    22235-000-000
    Lot size
    1.36 Acres

    Utilities

    Sewer type
    Public Sewer
    Water front features
    Seawall
    Water front
    1

    Coastal Sun Realty LLC (850) 249-2050 [email protected]

    Listing agent Marco Cooper (850) 249-2050 License #3154198

    Listing date Dec 2, 2025

    MLS# 759811 Listing URL

    Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Commercial Land For Sale

    This commercial waterfront parcel, zoned GC-2, is located off Business Highway 98 and fronts Watson Bayou, adjacent to the Watson Landings Marina. The property includes a 136-foot-long boat dock providing deep water access, and a seawall measuring 250 feet. The marina features 14 wet slips with hydraulic lifts, power, and water, with the potential to add more slips. The site has existing utilities, including city sewer and water, remnants of a previous dwelling that existed before a hurricane. The 1.36-acre land is suitable for various developments, including a storage facility, retail space, multi-family housing, or single-family homes, due to its commercial and mixed-use zoning. The location provides easy water access to the Gulf, with an upscale marina nearby for fuel, storage, and goods. A new city public boat ramp is also located in close proximity. The property is zoned Special Needs, offering potential tax incentives.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.639243
    Latitude
    30.156418

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    FAQs

    What type of property is this?
    Commercial land - Commercial waterfront parcel with dock, utilities, and development potential.
    Where is this commercial land located?
    The property is located at 1524 E 5Th St Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Prime waterfront location on Watson Bayou with deep-water access to the Gulf.; - Zoned GC-2, suitable for various developments.; - Existing infrastructure: seawall (250 ft), boat dock (136 ft), utilities (city sewer and water).
    (850) 249-2050
    Request Owner's contact information
    1524 E 5Th St Panama City, FL 32401
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    Panama City, FL 32401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1524 E 5Th St Panama City, FL 32401
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