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Waterfront Commercial Land
For Sale
$800,000

23402 Panama City Beach Parkway, Panama City Beach, FL 32413

Commercial for Sale, Panama City Beach, FL

Property SizeContact for details
Lot Size1.23 Acres
Days on Market1133

Property Features for 23402 Panama City Beach Parkway

General Information

Property type Commercial Sale
Property subtype Other
Zoning SR-2 Commercial
Directions 1/2 mile east of Lake Powell Bridge
Subdivision 27 - Bay County
Standard status Active
APN 35254-000-000
Lot size 1.23 Acres

Taxes and HOA fees

Tax Description 32 2S 17W -36- 5D3 BEG AT NW COR GOV LOT 36 TH S 27.46' TO NELY R/W U S HWY 98 SELY ALG R/W 125.90' TO SELY LI OF NON-EXCL ESMT NELY ALG ESMT 142.91' TO NLY COR PIRATE COVE CONDO PH II NLY 343.28' TO LAKE POWELL NWLY ALG LAKE 215' S 406.03' TO POB ORB 4268 P 1904
Legal Description 32 2S 17W -36- 5D3 BEG AT NW COR GOV LOT 36 TH S 27.46' TO NELY R/W U S HWY 98 SELY ALG R/W 125.90' TO SELY LI OF NON-EXCL ESMT NELY ALG ESMT 142.91' TO NLY COR PIRATE COVE CONDO PH II NLY 343.28' TO LAKE POWELL NWLY ALG LAKE 215' S 406.03' TO POB ORB 4268 P 1904

Utilities

Water front features Lake
Water front 1
Listing Agency: NBI Properties Inc
Listed By: Dustin Parkman · License #3307056
Added: Aug 7, 2023 Changed: Sep 11 Last Checked: Sep 12 at 8:06AM
MLS# 929465

Copyright © 2026 Emerald Coast 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 1.23-acre commercial development site overlooks Lake Powell, a Coastal Dune Lake, and carries SR-2 Commercial zoning. The zoning permits residential uses of up to 15 units per acre, allows a maximum building height of 230 feet, and supports a broad range of retail and professional service uses.

The property is located at 23402 Panama City Beach Parkway in Panama City Beach, providing access to the west end of Panama City Beach. Santa Rosa Beach is a short drive away, as is 30Avenue, a shopping and entertainment district. The waterfront setting and flexible zoning create a site suitable for evaluating both commercial and residential development concepts.

Key Highlights

  • 1.23‑acre commercial development site
  • Overlooks Lake Powell, a Coastal Dune Lake
  • SR‑2 Commercial zoning

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Auto Repair Shop Electrical Service Plumbing Service Furniture & Home Goods Hair Salon Storage Facility

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

239
Businesses Nearby

Demographics for 32413, FL

15,217
Population
16,334
Households
0.9
Avg Household Size
50
Median Age
34%
College-Educated
94%
High-School Grad
108.2 sq mi
ZIP Area
141
Density / Sq Mi
$76,010
Median Household Income
$41,282
Median Earnings
$1,629
Median Rent
$384,000
Median Home Value
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Frequently Asked Questions

What type of property is this?
Commercial land - SR-2 Commercial zoning supports retail, professional services, and residential development at a lakefront site.
Where is this commercial land located?
The property is located at 23402 Panama City Beach Parkway Panama City Beach, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1.23‑acre commercial development site; Overlooks Lake Powell, a Coastal Dune Lake; SR‑2 Commercial zoning
More about this property
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