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    1212 US-98 BUS Panama City, FL 32401

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $120,000

    0.81-acre commercial ground lease in St. Andrews.

    Lot size:
    41,945 SF

    Description

    Added:
    Mar 25, 2025
    Days on Market:
    287
    Exceptional ground lease opportunity in Panama City, Florida, encompassing approximately 0.81 acres (35,544 square feet) of land situated on Beck Avenue. This prime location boasts high visibility and accessibility, with approximately 234 feet of frontage on a road experiencing 10,000 vehicles per day. The property offers ample on-site parking. Its strategic location within the revitalized Historic St. Andrews district provides scenic views, proximity to shopping, dining, and entertainment options. Neighboring businesses include a Shrimp Boat restaurant and St. Andrews Marina. The area benefits from ongoing revitalization efforts, including streetscape improvements and new construction, stimulating economic growth. The property enjoys convenient access to major national retailers and restaurants such as Walmart, Sam's Club, Home Depot, Lowe's, Publix, Target, and numerous fast-food chains. The annual lease rate is $120,000. This presents a unique chance to capitalize on the growth and vibrancy of this desirable location. The property is zoned for commercial use.

    Property Features for 1212 US-98 BUS

    General Information

    Property type
    Other land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,945 SF
    USF (Usable sq. ft)
    41,945 SF
    Elevators
    N/A
    Total Rate
    120000

    HighLights

    • Prime 0.81‑acre ground lease in Panama City, FL, ideal for development.
    • High visibility location on Beck Ave with 234' frontage and 10,000 vehicles per day.
    • Near St. Andrews Marina, restaurants, and major retailers like Walmart & Home Depot.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Panama City
    State
    Florida
    Longitude
    -87.270334
    Latitude
    30.426493

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    FAQs

    What type of property is this?
    Land - 0.81-acre commercial ground lease in St. Andrews.
    Where is this land located?
    The property is located at 1212 US-98 BUS Panama City, FL.
    What are key features of this property?
    This property features: Prime 0.81-acre ground lease in Panama City, FL, ideal for development.; High visibility location on Beck Ave with 234' frontage and 10,000 vehicles per day.; Near St. Andrews Marina, restaurants, and major retailers like Walmart & Home Depot.
    (850) 434-3434
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    1212 US-98 BUS Panama City, FL 32401
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    Panama City, FL 32401
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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
    1212 US-98 BUS Panama City, FL 32401
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