Expansive Commercial
For Sale
$5,200,000
W 231 Highway, Panama City, FL 32405
COMMERCIAL - Panama City, FL
Property SizeContact for details
Lot Size323.00 Acres
Days on Market98
Property Features for W 231 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial, Agriculture
Subdivision
No Named Subdivision
Directions
From Panama City, head North towards Hwy 231. Continue on Hwy 231 for approximately 13 miles. Look for Agents signage on the left near Johnny Lane. There are multiple access points from Hwy 231. Contact Listing Agent.
Standard status
Active
APN
xxxxx-xxx-xxx
Lot size
323.00 Acres
Taxes and HOA fees
Tax Description
Contact Listing Agent
Legal Description
Contact Listing Agent
Listing Agency:
Think Real Estate
(850) 270-4200
Listed By:
The Shields Group
(850) 276-1030
Added: May 20
Changed: Aug 17
Last Checked: Aug 25 at 7:06PM
MLS# 794189
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 323-acre tract is classified as commercial land and carries commercial/agriculture zoning. The property extends along W 231 Highway in Panama City, with several access points connecting directly to the highway. Its scale and configuration provide a substantial landholding for review under applicable zoning, land-use, access, utility, and environmental requirements.
The property is situated in Bay County, a few miles from busier areas of Panama City and within convenient driving distance of the area's beaches. The site should be evaluated through independent verification of zoning, utilities, environmental conditions, and development potential.
The property is situated in Bay County, a few miles from busier areas of Panama City and within convenient driving distance of the area's beaches. The site should be evaluated through independent verification of zoning, utilities, environmental conditions, and development potential.
Key Highlights
- 323 acres of commercial land
- Commercial/agriculture zoning
- Located along W 231 Highway in Panama City
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial/agriculture zoning and several highway access points provide a defined framework for evaluating future land uses.
Where is this commercial land located?
The property is located at W 231 Highway Panama City, FL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 323 acres of commercial land; Commercial/agriculture zoning; Located along W 231 Highway in Panama City
