Neighborhood Shopping
For Sale
$6,493,000
615 N Highway 231 Panama, Panama City, FL 32405
Neighborhood shopping center totaling about 54,027 square feet on roughly 5.18 acres, with multiple highway access points.
Property Size54,027 SF
Lot Size5.18 Acres
Price / SF$120.18
Days on Market93
Property Features for 615 N Highway 231 Panama
General Information
Standard status
Active
Size
54,027 SF
Lot size
5.18 Acres
Property subtype
Commercial Shopping Center
Occupancy
83%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
54,027 SF
Year Built
1977
Listing Agency:
NAI TALCOR
Listed By:
Brent Faison · License #3027940
(850) 814-4490
Source:
Naitalcor
Added: Jun 2
Changed: Aug 8
Last Checked: Sep 1 at 5:13PM
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.
This neighborhood shopping center offers approximately 54,027 square feet of retail space on about 5.18 acres. The property is 83.13% occupied, with approximately 9,114 square feet of office vacancy that may present lease-up opportunity. Recent building improvements include a new roof and HVAC installed in 2019.
Access is available from major arteries including Hwy 231 and Hwy 77, plus a separate lighted intersection at 19th St. Parking is provided at a 4.37:1,000 ratio, and the financials and rent roll are available upon request.
The property is being offered for sale and includes multiple ingress and egress points designed to support convenient customer access from surrounding roadways.
Access is available from major arteries including Hwy 231 and Hwy 77, plus a separate lighted intersection at 19th St. Parking is provided at a 4.37:1,000 ratio, and the financials and rent roll are available upon request.
The property is being offered for sale and includes multiple ingress and egress points designed to support convenient customer access from surrounding roadways.
Key Highlights
- +/-54,027 SF neighborhood shopping center on +/-5.18 acres (Year built: 1977)
- 83.13% occupied with stable in‑place income; +/-9,114 SF office vacancy with lease‑up upside
- Multiple access points along major arteries: Hwy 231, Hwy 77, and a separate lighted intersection at 19th St
Property Analytics
Current Use
Lease Details
83.1%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,170 visits/mo
0.3 miles
Demographics for 32405, FL
28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center totaling about 54,027 square feet on roughly 5.18 acres, with multiple highway access points.
Where is this shopping center located?
The property is located at 615 N Highway 231 Panama 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: +/-54,027 SF neighborhood shopping center on +/-5.18 acres (Year built: 1977); 83.13% occupied with stable in‑place income; +/-9,114 SF office vacancy with lease‑up upside; Multiple access points along major arteries: Hwy 231, Hwy 77, and a separate lighted intersection at 19th St
