22 23 24 Beach Drive, Panama City Beach, FL 32408

Listing agent CINDY K CHAVIRA

Listing office OWN IT REAL ESTATE LLC

Listing date Jun 4, 2025

Source Corcoran

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 OWN IT REAL ESTATE LLC

Report an issue

---

Overview

This commercial development opportunity is located on Beach Drive in Panama City Beach, approximately 900 feet from the Gulf of Mexico. The property consists of three combined lots totaling 0.40 acres (150' x 115'). The site is zoned C-1 (Neighborhood Commercial) with grandfathered-in status, offering broad development flexibility. A development order will soon be in place to build five approximately 1800 sq ft homes. The property is surrounded by new construction homes, high-rise condos, restaurants, public beach access, and major attractions. It is not located in a flood zone. The zoning allows for up to 15 units per acre, with a maximum building height of 35 feet, an impervious surface ratio of 60%, and a floor area ratio of 100%. Setbacks are 20 ft front and rear, and 5 ft on the sides, with a minimum lot frontage of 70 ft. The property is suitable for commercial retail, short-term rentals, townhomes, mixed-use, or multifamily units.

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Panama City Beach

County

Bay

State

Florida

Longitude

-85.6624

Latitude

30.1543

Nearby Similar for Sale

• 

  $650,000

  2,556 SF

  Panama City Beach Multifamily Opportunity

  Versatile property near the beach with redevelopment potential.

  604 Fernwood Street, Panama City Beach, FL 32407

  View Details
• 

  $2,200,000

  3,380 SF

  Prime Investment with Operating Restaurant

  Five parcels with restaurant, offering income and development potential.

  19932 Front Beach Road, Panama City Beach, FL 32413

  View Details
• 

  $650,000

  2,556 SF

  Panama City Beach Income Property

  Versatile income property near the heart of Panama City Beach.

  604 Fernwood Street, Panama City Beach, FL 32407

  View Details
• 

  $999,000

  2,320 SF

  Duplex in Coveted Beach Neighborhood

  Two residential units in Panama City Beach with short-term rental potential.

  13801 Bay Avenue, Panama City Beach, FL 32413

  View Details
• 

  $6,590,000

  28,010 SF

  Unique Industrial Warehouse in Panama

  Exceptional warehouse with unmatched clear height in Panama City Beach.

  109 Estes Place, Panama City Beach, FL 32413

  View Details
• 

  $1,299,000

  3,200 SF

  Panama City Beach Cottages Investment

  Four cottages and nine buildable lots near Panama City Beach.

  2907 Sarah Jean Court, Panama City Beach, FL 32408

  View Details
• 

  $850,000

  4,432 SF

  Turnkey Income Property in Panama

  Stabilized, fully leased duplex with renovated units and recent upgrades.

  2605 Redwood Street, Panama City Beach, FL 32408

  View Details
• 

  $850,000

  4,432 SF

  Turnkey Income Property in Panama

  Stabilized, fully leased duplex with strong income and recent upgrades.

  2605 Redwood Street, Panama City Beach, FL 32408

  View Details
• 

  $645,000

  2,088 SF

  Adorable Duplex with Multiple Possibilities

  Duplex with short-term rental potential near beach and lagoon.

  3707 Mystic Street, Panama City Beach, FL 32408

  View Details
• 

  $1,350,000

  6,728 SF

  Panama City Beach Retail Opportunity

  Versatile commercial property with retail and warehouse space in Florida.

  13201 Hutchison Boulevard, Panama City Beach, FL 32407

  View Details
• 

  $520,000

  1,664 SF

  Renovated Duplex Near Gulf Coast

  Updated duplex in Panama City Beach, near beaches and amenities.

  116 Lakeside Circle, Panama City Beach, FL 32413

  View Details
• 

  $1,575,000

  4,000 SF

  New Duplex with Rental History

  Newly built, fully furnished duplex with strong rental potential.

  108 San Vincente Street, Panama City Beach, FL 32413

  View Details

FAQs

What type of property is this?

Commercial land - Prime commercial land near the Gulf of Mexico for sale.

Where is this commercial land located?

The property is located at 22 23 24 Beach Drive Panama City Beach, FL.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Prime location on Beach Drive, Panama City Beach, only 900 feet from the Gulf of Mexico.; Grandfathered‑in C‑1 zoning provides broad development flexibility.; **Development order in place within a week, allowing for immediate construction of five +\/- 1800 sq ft homes.**