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    886 Coastal Hwy Panacea, FL 32346

    For Sale
    $675,000

    Commercial Building - Panacea, FL

    Property size:
    1,200 SF
    Lot size:
    61.00 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 7 at 12:06 am

    Property Features for 886 Coastal Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    900
    APN
    36-5S-02W-000-03565-000, 36-5S-02W-00
    Parking features
    Garage
    Size
    1,200 SF
    Lot size
    61.00 Acres

    Building Details

    Architectural style
    Other

    WIREGRASS AUCTION GROUP INC

    Listing agent Mark Manley (229) 890-2437

    Listing date Nov 19, 2025

    MLS# 11564621 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Panacea, FL - Coastal Highway Land

    This 60.97± acre property is located along Florida's Coastal Highway (U.S. Hwy 98) in Panacea. Zoned L1 Light Industrial and RSU-1 Semi-Rural Residential, the property is suitable for a wide range of uses, from commercial and industrial ventures to residential development. The property will be offered divided into four parcels and as a whole. The property has a mix of natural and man-made ponds. The property boasts extensive frontage along U.S. Hwy 98, and borders the St. Marks National Wildlife Refuge. Its location provides easy access to the beaches of the Forgotten Coast, with Panacea's waterfront restaurants and fishing docks just minutes away. The property's placement along Coastal Highway positions it as a gateway corridor to Carrabelle, St. George Island, and Apalachicola. Additionally, it lies within convenient reach of Tallahassee. It is ideal for mixed-use development serving both local and regional markets. The property offers a combination of visibility, access, and natural beauty. The property has 1200 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Nail Salon Hotel & Motel Food Market Discount Store Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panacea
    County
    Wakulla
    State
    Florida
    Longitude
    -84.395476
    Latitude
    30.010211

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    FAQs

    What type of property is this?
    Commercial land - 60.97 acre property on Coastal Highway, suitable for development.
    Where is this commercial land located?
    The property is located at 886 Coastal Hwy Panacea, FL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - 60.97± acre property with **high visibility on U.S. Hwy 98.**; - Zoned L1 Light Industrial and RSU-1 Semi-Rural Residential, allowing for diverse development options.; - Borders the St. Marks National Wildlife Refuge, appealing to eco-tourism and outdoor enthusiasts.
    (229) 890-2437
    Request Owner's contact information
    886 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

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    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
    886 Coastal Hwy Panacea, FL 32346
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