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    4501 Highway 98 W Panama City, FL 32401

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    For Sale
    $2,747,100

    Prime commercial waterfront property in Panama City, Florida, for sale.

    Property Features for 4501 Highway 98 W

    General Information

    Standard status
    Active

    Source: SOUTHERN WAY REALTY, INC. Agent SEAMUS J O'NEILL

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Panama City Waterfront Commercial Land

    This is an exceptional opportunity to acquire approximately 2.31 acres of commercial waterfront property in Panama City. The property is zoned General Commercial, supporting a variety of development opportunities, including retail centers, professional office complexes, service businesses, wholesale sales, and shopping plazas. The zoning accommodates intensive commercial activity, making it suitable for developers or investors seeking a high-potential waterfront site. The location benefits from a 2024 FDOT Average Daily Traffic Count of 41,500, offering high visibility and access for commercial ventures. The property is situated close to major regional landmarks, including Hathaway Bridge, the Port of Panama City, Gulf Coast State College, and Florida State University's Panama City campus. This location places the property at the intersection of commerce, education, and infrastructure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.719167
    Latitude
    30.179894

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial waterfront property in Panama City, Florida, for sale.
    Where is this commercial land located?
    The property is located at 4501 Highway 98 W Panama City, FL.
    What is the asking price?
    The asking price for this property is $2,747,100.
    What are key features of this property?
    This property features: - Prime 2.31+/- acre commercial waterfront property in Panama City.; - Zoned General Commercial, supporting diverse development opportunities (retail, office, etc.).; - High-visibility location with a 2024 FDOT Average Daily Traffic Count of 41,500.
    Request Owner's contact information
    4501 Highway 98 W 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
    4501 Highway 98 W Panama City, FL 32401
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