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    1629 Coastal Hwy Panacea, FL 32346

    For Sale
    $284,900

    Apartments/Multi-Family - Panacea, FL

    Type:Apartment
    Property size:
    6,080 SF
    Lot size:
    0.95 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 6 at 1:06 pm

    Property Features for 1629 Coastal Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    C-2
    APN
    24-5S-02W-000-02970-000
    Size
    6,080 SF
    Lot size
    0.95 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1970
    Building materials
    Block, Concrete, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    Timber & Tides Real Estate (850) 544-5655

    Listing agent Kayla Palmer (850) 544-5655

    Listing date Oct 28, 2025

    MLS# 324421 Listing URL

    Copyright © 2025 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Frontage Commercial Building

    This commercial property offers a business opportunity with bay views, situated on 0.95 acres. The property includes a 6,000 sqft building with 250 feet of highway frontage. It features ample parking and a metal roof. Upgrades include new plumbing, new electrical systems, Hardie siding, a new sump pump, new fixtures, and fresh interior and exterior paint. Commercial-grade stainless steel equipment is included. The property is located in the heart of Panacea on Dickerson Bay, seconds from three boat ramps, deep-water channels, and beaches. The property is zoned C-2 and is suitable for a variety of business ventures such as a restaurant, oyster bar, event venue, or a Southern hospitality bar.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Panacea
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3874675
    Latitude
    30.0402586

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    FAQs

    What type of property is this?
    Restaurant - Commercial building with highway frontage, suitable for various business ventures.
    Where is this restaurant located?
    The property is located at 1629 Coastal Hwy Panacea, FL.
    What is the asking price?
    The asking price for this property is $284,900.
    What are key features of this property?
    This property features: - Prime commercial property with bay view and **250 feet of highway frontage.**; - 6,000 sqft building on 0.95 acres in the heart of Panacea.; - Extensive upgrades including **new plumbing, electrical, Hardie siding, and metal roof.**
    (850) 544-5655
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    1629 Coastal Hwy Panacea, FL 32346
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    Panacea, FL 32346
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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
    1629 Coastal Hwy Panacea, FL 32346
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