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Waterfront Development Land Opportunity

4423 W HIGHWAY 98 Panama City, FL 32401

4423 W HIGHWAY 98, Panama City, FL, 32401
$2,000,000
For Sale
$2,000,000

COMMERCIAL - Panama City, FL

Lot Size1.68 Acres
Days on Market3150

Property Features for 4423 W HIGHWAY 98

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
28341-000-000
Lot size
1.68 Acres

Taxes and HOA fees

Tax Description
BAYVIEW ADD LOT 3 MOATES RESERVE BLK 20 ORB 1257 P 404 ORB 1373 P 1707 ORB 1405 P 1451 79C3 ORB 2597 P 1202

Utilities

Sewer type
Public Sewer
Listing Agency Counts Real Estate Group Inc
2104 Thomas Drive, PANAMA CITY BEACH, FL
Listed by Chris S McCall · License #0666647
Added: Dec 1, 2017 Checked: Jul 17 at 7:06 pm
MLS# 665663 Listing URL

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 waterfront land parcel offers approximately 132 feet of frontage on St. Andrew Bay and overlooks the bay, the Pass to the Gulf of Mexico, and Shell Island. The property is positioned for flexible development under GC-2 General Commercial zoning.

Located at 4423 W Highway 98 in Panama City, Florida, the site is about 1/2 mile east of the Hathaway Bridge and is described as close to Port Panama City, Gulf Coast State College, Florida State University Panama City Campus, and Panama City Beach.

The GC-2 zoning is noted as allowing multiple uses, including hotel/motel, multi-family, condominium, restaurant, retail, mixed-use, and office. This combination of water views and commercial zoning supports a range of development directions for qualified buyers.

Key Highlights

  • 132 ft of frontage on St. Andrew Bay with 1.67 acres total land area
  • Zoned GC‑2 General Commercial with multiple permitted uses including hotel/motel, multi‑family, condominium, restaurant, retail, mixed‑use, and office
  • Public sewer available

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Waterfront Land

Suggested Use

Real Estate Agency Building Supply Restaurant Pharmacy Big Box & Wholesale Store Electrical Service Parking Lot & Garage HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Waterfront Land - Waterfront land with 132 feet of St. Andrew Bay frontage and GC-2 General Commercial zoning.
Where is this waterfront land located?
The property is located at 4423 W HIGHWAY 98 Panama City, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 132 ft of frontage on St. Andrew Bay with 1.67 acres total land area; Zoned GC‑2 General Commercial with multiple permitted uses including hotel/motel, multi‑family, condominium, restaurant, retail, mixed‑use, and office; Public sewer available
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