High-Dry Commercial Land with Street
For Sale
$550,000
3701 W Highway 98, Panama City, FL 32401
COMMERCIAL - Panama City, FL
Property SizeContact for details
Lot Size0.55 Acres
Days on Market187
Property Features for 3701 W Highway 98
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Subdivision
Bayview Add
Directions
Traveling East from CPAR building go to Michigan Ave across from Dunkin Donuts and McDonalds. The property is the South West corner of Michigan and Hwy 98
Standard status
Active
APN
28397-000-000
Lot size
0.55 Acres
Taxes and HOA fees
Tax Description
BAYVIEW ADD E 1/2 LOT 1 BLK 26 ORB 4138 P 1640 79C3
Legal Description
BAYVIEW ADD E 1/2 LOT 1 BLK 26 ORB 4138 P 1640 79C3
Utilities
Sewer type
Public Sewer
Listing Agency:
Counts Real Estate Group Inc
(850) 231-1483
Listed By:
Andy G Gonsalves · License #0409063
(850) 527-2639
Added: Jan 28
Changed: May 30
Last Checked: Aug 3 at 6:06PM
MLS# 784718
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This is a high and dry parcel zoned C-2 General Commercial, offering flexible allowable uses including business/professional, retail, restaurants, and auto repairs, along with other uses consistent with the zoning. The owner is offering financing with 30% down, a 10-year term, a 6.5% interest rate, and a balloon due in 3 years. The property provides practical access with good ingress and egress.
The location is on the US Highway 98 corridor with strong traffic flow both north and south as well as east and west. It is described as the first red light after descending from the Hathaway Bridge, with convenience retail and quick-service tenants directly across the highway.
The parcel totals 0.55 acres and runs from street to street, providing over 260 feet of frontage on US Highway 98 and about 130 feet of frontage on each side street. An adjoining parcel to the west is also available, which can be purchased together to create a larger combined tract.
The location is on the US Highway 98 corridor with strong traffic flow both north and south as well as east and west. It is described as the first red light after descending from the Hathaway Bridge, with convenience retail and quick-service tenants directly across the highway.
The parcel totals 0.55 acres and runs from street to street, providing over 260 feet of frontage on US Highway 98 and about 130 feet of frontage on each side street. An adjoining parcel to the west is also available, which can be purchased together to create a larger combined tract.
Key Highlights
- Owner financing available: 30% down; 10‑year term at 6.5% with a balloon in 3 years
- Zoned C‑2 General Commercial with allowable uses including business/professional, retail, restaurants, and auto repairs
- High‑traffic US Hwy 98 corridor: first red light after descending from the Hathaway Bridge
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Zoned C-2 and positioned on US Highway 98 with strong bidirectional access and street-to-street frontage for flexible commercial use.
Where is this commercial land located?
The property is located at 3701 W Highway 98 Panama City, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Owner financing available: 30% down; 10‑year term at 6.5% with a balloon in 3 years; Zoned C‑2 General Commercial with allowable uses including business/professional, retail, restaurants, and auto repairs; High‑traffic US Hwy 98 corridor: first red light after descending from the Hathaway Bridge
