615 N Highway 231 Panama City, FL 32405

Building Details

Year Built

1977

Listing Agency NAI TALCOR b***@talcor.com Show Phone

Listed by Brent Faison · License #3027940 Show Phone

Source Naiglobal

Added: Apr 1 Checked: Jul 19 at 3:43 am

Report an Issue

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

---

Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $1,375,000

  9,050 SF

  Three-Building Flex Office Property

  Heated and cooled flex setup totaling over 9,000 square feet across three buildings with parking and secured yard.

  2901 W 17th Street, Panama City, FL 32405

  View Details
• 

  $2,500,000

  11,171 SF

  Versatile Commercial Property in Panama City

  Showroom, warehouse, and office space in a strategic location.

  1331 Harrison Avenue, Panama City, FL 32401

  View Details
• 

  $349,900

  2,768 SF

  Veterinary Clinic Facility

  Well-appointed veterinary clinic with multiple exam and support rooms, designed for animal care and professional office use.

  247 N Highway 22 A, Panama City, FL 32404

  View Details
• 

  $775,000

  1,708 SF

  Mixed-Use Office Property

  Remodeled custom property on a 0.64-acre lot with mixed-use flexibility and multiple entrances, including two suite setups.

  854 Magnolia Avenue, Panama City, FL 32401

  View Details
• 

  $724,000

  5,222 SF

  Six-Unit Income Producing Property

  Turnkey six-unit rental portfolio on a corner lot with recently remodeled interiors and newer roof improvements.

  119 College Avenue, Panama City, FL 32401

  View Details
• 

  $724,000

  5,222 SF

  Income-Producing Multi-Family Panama City

  Six rental units generating over $82,000 in gross annual income.

  119 College Avenue, Panama City, FL 32401

  View Details
• 

  $595,000

  3,375 SF

  Auto Shop with Service Bays

  Move-in ready auto shop with service bays, office space, and substantial frontage for everyday commercial visibility.

  1900 N East Avenue, Panama City, FL 32405

  View Details
• 

  $625,000

  5,000 SF

  Climate-Controlled Quonset Industrial Building

  Quonset-style steel industrial building with climate-controlled interior, 3-phase power, and a 14' front sliding door.

  2611 E 6th Street, Panama City, FL 32401

  View Details
• 

  $385,000

  1,674 SF

  Turnkey Office Building with Private Rooms

  Move-in-ready office building features a lobby with reception area, seven private rooms, kitchenette, and three bathrooms.

  316 W 11th Street, Panama City, FL 32401

  View Details
• 

  $1,100,000

  2,720 SF

  Waterfront Triplex with Boat Access

  Three-in-one property on S Lagoon with two boat slips, a boat lift, and two furnished one-bedroom units.

  6722 S Lagoon Drive, Panama City, FL 32408

  View Details
• 

  $2,230,000

  5,156 SF

  Turnkey Vacation Rental Duplex

  Brand-new duplex designed for vacation rentals, with private pools and furnishings ready for short- or long-term operations.

  5237 Thomas Drive, Panama City, FL 32408

  View Details
• 

  $1,100,000

  26,400 SF

  Poured-Concrete Rooftop Restaurant Opportunity

  Rooftop spans about 6,000 sf with staircases and elevator, with utilities stubbed for dining or additional units.

  436 Harrison Avenue, Panama City, FL 32401

  View Details

Similar Off Market 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

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.