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Panama City Beach Parkway Retail

12216 Panama City Beach Parkway, Panama City Beach, FL 32407

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For Sale

$2,855,000

13,125 SF strip center on 1.54 acres.

Type:Commercial

Property size:

13,125 SF

Lot size:

1.54 Acres

Price / SF:

$217/SF

HighLights

Prime location on Panama City Beach Parkway with high visibility and over 100,000 cars per day traffic count.
Strong income potential with five of six rental spaces currently leased.
Versatile C‑3 commercial zoning allows for a wide range of business uses.
Significant size: 13,125 sq. ft. metal strip center on 1.54 acres.
Ample on‑site parking available.
Located in the heart of Panama City Beach, minutes from Pier Park.

We can help!

Listing Contact

JUSTIN CATER LLC

For Sale

$2,855,000

13,125 SF strip center on 1.54 acres.

Type:Commercial

Property size:

13,125 SF

Lot size:

1.54 Acres

Price / SF:

$217/SF

Added:: Sep 26, 2025
Days on Market:: 256
Last Refresh:: May 10 at 9:44 pm

Property Features for 12216 Panama City Beach Parkway

General Information

Standard status: Active
Size: 13,125 SF
Lot size: 1.54 Acres
Property subtype: Commercial

Building Details

Year Built: 1996

We can help!

Listing Contact

JUSTIN CATER LLC

Listing agent JUSTIN CATER LLC

Listing office EXP REALTY LLC

Listing date Sep 26, 2025

Source Corcoran

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

All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY LLC

HighLights

Prime location on Panama City Beach Parkway with high visibility and over 100,000 cars per day traffic count.
Strong income potential with five of six rental spaces currently leased.
Versatile C‑3 commercial zoning allows for a wide range of business uses.
Significant size: 13,125 sq. ft. metal strip center on 1.54 acres.
Ample on‑site parking available.
Located in the heart of Panama City Beach, minutes from Pier Park.

Overview

This 13,125 square foot metal strip center is situated on a 1.54-acre lot and contains six rental spaces of various sizes. The property is located on Panama City Beach Parkway in a high-traffic corridor central to the area's commercial activity, minutes from Pier Park. The location benefits from direct frontage on Panama City Beach Parkway, with traffic counts exceeding 100,000 cars per day, and ample on-site parking. The property is zoned C-3 commercial, accommodating a wide range of business uses. Five of the spaces are currently leased, with one space vacant.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$223.7k	$17.04
− Vacancy	−$18.3k	−$1.40
EGI	$205.3k	$15.64
− OpEx	−$61.6k	−$4.69
NOI	$143.7k	$10.95

13,125 SF · lease $17.04/SF/yr · vacancy 8.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.05M

$1.80M – $2.40M (±1% cap)

NOI $143,717 @ 7.0% cap · market cap 5.03%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.82M

$3.35M – $4.46M (±1% cap)

NOI $267,692 @ 7.0% cap · market cap 9.38%

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

Property Profile Location Intelligence

Current Use by Public Records

Strip malls

Suggested Use

Location Insight

Map
Local Demand

City: Panama City Beach
County: Bay
State: Florida
Longitude: -85.8286
Latitude: 30.2062

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For sale
Strip malls
FL
Panama City Beach
32407
12216 Panama City Beach Parkway

What type of property is this?

Strip mall - 13,125 SF strip center on 1.54 acres.

Where is this strip mall located?

The property is located at 12216 Panama City Beach Parkway Panama City Beach, FL.

What is the asking price?

The asking price for this property is $2,855,000.

What are key features of this property?

This property features: Prime location on Panama City Beach Parkway with **high visibility and over 100,000 cars per day traffic count**.; **Strong income potential** with five of six rental spaces currently leased.; Versatile C‑3 commercial zoning allows for a wide range of business uses.