Waterfront Commercial Land for
For Sale
$1,850,000
1524 E 5th Business 98 Street, Panama City, FL 32401
Commercial waterfront land with dock, utilities, and development potential.
Property SizeContact for details
Lot Size1.36 Acres
Days on Market788
Property Features for 1524 E 5th Business 98 Street
General Information
Standard status
Active
Lot size
1.36 Acres
Property subtype
Land or Vacant Lot
Listing Agency:
COASTAL SUN REALTY LLC
(850) 249-2050
Listed By:
MARCO COOPER · License #3154198
(850) 832-1266
Source:
Corcoran
Added: Jul 12, 2024
Changed: Sep 6
Last Checked: Sep 6 at 10:26AM
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 COASTAL SUN REALTY LLC
Investment Insights
Based on property information with market context.
This commercial waterfront parcel is located off Business Highway 98 and fronts Watson Bayou, adjacent to Watson Landings Marina. The property is zoned GC-2 and features road and water frontage. A new addition of 14 wet slips with custom lifts, power, and water are available. The slips have hydraulic lifts and can accommodate boats over 40 feet. Additional slips can be added. All utilities are in place, including city sewer and water, as a dwelling previously existed on the premises before a hurricane. The land includes a 250 ft seawall and a 136 ft boat dock, providing deep water access and over 250 feet of waterfront. The location and land size are suitable for building a storage facility, retail space, multi-family housing, or single-family homes, given its commercial and mixed-use zoning. The property offers easy water access to the Gulf, with an upscale marina nearby for boat fuel, storage, and goods. A new city public boat ramp is also located in close proximity. The property is zoned Special Needs and may qualify for tax incentives. Seller financing is available.
Key Highlights
- Waterfront property with 250 ft seawall and 136 ft boat dock (deep water access) on Watson Bayou, offering over 250 feet of waterfront.
- Located next to Watson Landings Marina, providing convenient access to boating services and the Gulf.
- Zoned GC‑2 (Commercial and Mixed Use), suitable for various developments.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Commercial waterfront land with dock, utilities, and development potential.
Where is this waterfront land located?
The property is located at 1524 E 5th Business 98 Street Panama City, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Waterfront property with **250 ft seawall and 136 ft boat dock** (deep water access) on Watson Bayou, offering over 250 feet of waterfront.; Located next to Watson Landings Marina, providing convenient access to boating services and the Gulf.; Zoned GC‑2 (Commercial and Mixed Use), suitable for various developments.
