615 N Highway 231 Panama City, FL 32405
54,027 SF shopping center on 5.18 acres for sale.
Type:Commercial Shopping Center
Property size:
54,027 SFLot size:
5.18 Acres- Added:
- Apr 1, 2026
- Days on Market:
- 28
- Last Refresh:
- Apr 1 at 11:46 am
Property Features for 615 N Highway 231
General Information
- Standard status
- Active
- Size
- 54,027 SF
- Lot size
- 5.18 Acres
- Property subtype
- Commercial Shopping Center
Building Details
- Year Built
- 1977
Listing agent Brent Faison (850) 814-4490
Listing office NAI TALCOR (850) 814-4490
Listing date Apr 1, 2026
Source Naiglobal
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 NAI TALCOR
Overview
Panama City Neighborhood Shopping Center
The property is a neighborhood shopping center with approximately 54,027 square feet of space, situated on 5.18 acres. It is located on Highway 231 in Panama City. The property benefits from multiple access points on major arteries, including Highway 231 and Highway 77, along with a separate lighted intersection at 19th Street. The shopping center is 83.13% occupied and generates stable in-place income. There is an approximately 9,114 square foot office vacancy, presenting a lease upside opportunity. A new roof and HVAC system were installed in 2019. The parking ratio is 4.37 spaces per 1,000 square feet.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Gilberg's Plaza — 2421 FL-77, Panama City, FL 32405
- Mariner Plaza — 615 US-231, Panama City, FL 32405
- PCB Office — 625 US-231, Panama City, FL 32405
- Bay City Point — 500 E 23rd St, Panama City, FL 32405
- Panama City Mall — 2150 Martin Luther King Jr Blvd, Panama City, FL 32405
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.6530156
- Latitude
- 30.1821071
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 54,027 SF shopping center on 5.18 acres for sale.
Where is this shopping center located?
The property is located at 615 N Highway 231 Panama City, FL.
What is the asking price?
The asking price for this property is $6,493,000.
What are key features of this property?
This property features: High Occupancy Rate: 83.13% occupied, providing stable in‑place income.; Strategic Location: Situated on 5.18 acres with access points on Hwy 231, Hwy 77, and 19th Street.; Significant Size: +/-54,027 SF neighborhood shopping center.
