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    3304 W Highway 98 Panama City, FL 32405

    Source: https://www.saltercompany.com
    For Sale
    $550,000

    0.9-acre lot, ideal for retail development.

    Property size:
    37,810 SF

    Description

    Added:
    Feb 7, 2025
    Days on Market:
    302
    This exceptional 0.9-acre commercial/retail land parcel presents a remarkable investment opportunity in Panama City, Florida, specifically located at 3304 W Highway 98, zip code 32405, within Bay County. The property's strategic location offers high visibility and accessibility, making it perfect for a variety of retail uses. Envision a thriving car wash, quick-service restaurant (QSR), fast-food establishment, or other retail ventures capitalizing on the high traffic volume of this busy thoroughfare. The expansive 0.87-acre lot provides ample space for development, allowing for significant flexibility in design and construction. Priced at $550,000, this property represents a compelling value proposition for investors seeking a prime location in a growing market. The absence of existing structures allows for complete customization to suit your specific business needs. Don't miss this chance to secure a prominent piece of Panama City real estate with exceptional potential for future growth and profitability. Serious inquiries only.

    Property Features for 3304 W Highway 98

    General Information

    Property type
    Other retail properties
    Square Feet
    37,810 SF
    Price / Square Foot
    $14
    Elevators
    N/A
    Lot Size
    37,897 SF

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    HighLights

    • Prime 0.9‑acre commercial/retail land in Panama City, FL.
    • Ideal location for car washes, quick‑service restaurants, and other retail uses.
    • $550,000 asking price for this exceptional development opportunity in Bay County.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Clothing Store Nail Salon Department Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    State
    Florida
    Longitude
    -85.704856
    Latitude
    30.181088

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    FAQs

    What type of property is this?
    Other retail property - 0.9-acre lot, ideal for retail development.
    Where is this other retail property located?
    The property is located at 3304 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: Prime 0.9-acre commercial/retail land in Panama City, FL.; Ideal location for car washes, quick-service restaurants, and other retail uses.; $550,000 asking price for this exceptional development opportunity in Bay County.
    (850) 564-0120
    Request Owner's contact information
    3304 W Highway 98 Panama City, FL 32405
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    Panama City, FL 32405
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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
    3304 W Highway 98 Panama City, FL 32405
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