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Retail Land with Income Store
For Sale
Contact for pricing
Pending

304 & 306 W 23rd, Panama City, FL 32405

Commercial land includes a small rental store and previously accommodated a multi-doctor medical office use.

Property SizeContact for details
Days on Market150

Property Features for 304 & 306 W 23rd

General Information

Standard status Pending
Property subtype Land
Listing Agency: ERA Neubauer Real Estate
Listed By: saroj Wadhera · License #FL 3182129
Source: Crexi
Added: Apr 11 Changed: Aug 22 Last Checked: Sep 7 at 10:15AM

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 ERA Neubauer Real Estate

Investment Insights

Based on property information with market context.

This offering includes commercial land with a small store generating rental income, along with improvements and history supporting medical office use. The property previously housed a large doctors office with space for four doctors, and it is now positioned for continued adaptation of the site and its existing commercial components.

The land and store are located on a very busy main road with heavy traffic, directly opposite the Gulf Coast Medical Center. That setting supports visibility from a high-traffic corridor and convenient proximity to an active healthcare destination.

The sellers note potential for uses such as restaurants, doctors offices, and labs, subject to applicable approvals. All reasonable offers will receive due attention by the sellers.

Key Highlights

  • Commercial land on a very busy main road with a heavy traffic count
  • Includes a small rental store generating rental income
  • Previously housed a large doctors office with 4 doctors

Property Analytics

Current Use

Dr. Ashok Wadhera Physician

Suggested Use

Top Pick Auto Parts Store Building Supply Big Box & Wholesale Store Storage Facility HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,608
Businesses Nearby
494k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 24% Superstores 21% Shops & Services 14% Home Improvements & Furnishings 11%
Walmart Superstores
83,113 visits/mo 0.3 miles
Publix Groceries
43,718 visits/mo 0.4 miles
T.J. Maxx Apparel
40,690 visits/mo 0.4 miles
HomeGoods Home Improvements & Furnishings
33,961 visits/mo 0.4 miles
Bath & Body Works Beauty & Spa
23,885 visits/mo 0.5 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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercial land includes a small rental store and previously accommodated a multi-doctor medical office use.
Where is this commercial land located?
The property is located at 304 & 306 W 23rd Panama City, FL.
What are key features of this property?
This property features: Commercial land on a very busy main road with a heavy traffic count; Includes a small rental store generating rental income; Previously housed a large doctors office with 4 doctors
(850) 814-1607 Call to check price and availability
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