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Prime Development Opportunity in Panama

4810 W Highway 98 Panama City, FL 32401

4810 W Highway 98, Panama City, FL, 32401
$2,300,000
For Sale
$2,300,000

COMMERCIAL - Panama City, FL

Lot Size4.77 Acres
Days on Market197

Property Features for 4810 W Highway 98

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
28274-000-000
Lot size
4.77 Acres

Taxes and HOA fees

Tax Description
BAYVIEW ADD 35 3S 15W BEG 277'E & 35.72'S & 446.51' E OF SW COR OF NW1/4 TH E 546.59' S 375.40' W 412.22' S 225' NWLY 161.62' N 418.12' TO POB ORB 4074 P 2153
Listing agency ERA Neubauer Real Estate, Inc
Listed by Deborah A Class · License #3293094
Added: Jan 7 Updated: May 14 at 12:47PM Checked: Jul 23 at 4:06AM
MLS# 783424

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 4.77-acre parcel, zoned General Commercial 2, presents an amazing development opportunity. Situated in a prime location within the Gateway Overlay, the property benefits from its inclusion in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area. The site is positioned just before the Hathaway Bridge in Panama City, offering high traffic count and visibility on Hwy 98 East, accessible from both Panama City and Panama City Beach. The parcel provides convenient access via three roads: Hwy 98, 19th St, and Brown Ave, with approximately 180 feet of frontage on Hwy 98, 580 feet on 19th St, and 375 feet on Brown Ave. Its location offers close proximity to the Port of Panama City, Gulf Coast State College, and FSU campuses, as well as quick access to Historic St. Andrews, Downtown Panama City, and Panama City Beach. The property is suitable for apartments, a hotel, a restaurant, a retail store, or a combination of various commercial businesses. A hotel previously occupied the site but was demolished due to damage from Hurricane Michael.

Key Highlights

  • Prime 4.77 acre parcel with General Commercial 2 zoning.
  • Located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area and Gateway Overlay.
  • Fantastic traffic count and visibility on Hwy 98, located just before the Hathaway Bridge.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Dental Office Parking Lot & Garage Law Firm Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store HVAC Service Locksmith Real Estate Agency Daycare Center

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

FAQs

What type of property is this?
Commercial land - 4.77 acre commercial parcel in a prime location.
Where is this commercial land located?
The property is located at 4810 W Highway 98 Panama City, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime 4.77 acre parcel with General Commercial 2 zoning.; Located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area and Gateway Overlay.; Fantastic traffic count and visibility on Hwy 98, located just before the Hathaway Bridge.
Contact an agent
More about this property
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