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Retail Development Opportunity in Panama
For Sale
$250,000

2732 East 15th Street, Panama City, FL 32405

Prime corner lot in high-traffic area, ideal for retail.

Property Size16,600 SF
Lot Size0.50 Acres
Price / SF$15.06
Days on Market158

Property Features for 2732 East 15th Street

General Information

Standard status Active
Size 16,600 SF
Lot size 0.50 Acres
Property subtype Land
Listing Agency: SVN | Southland Commercial Real Estate
Listed By: Kristen Asman · License #OH #658012934
Source: Svn
Added: Mar 6 Changed: Aug 10 Last Checked: Aug 11 at 6:11AM

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 SVN | Southland Commercial Real Estate

Investment Insights

Based on property information with market context.

This just-under-half-acre parcel presents a retail development opportunity in the expanding Panama City, Florida market. Currently utilized as a used car lot with a small office building, the property is strategically located in a high-traffic corridor with over 31,000 vehicles per day and excellent visibility. The site is positioned on a prime corner lot with two points of ingress and egress. It is surrounded by dense residential neighborhoods, supporting a wide range of potential retail uses. The location is adjacent to a school and Stow Pros Self Storage, a 16,600 square foot facility. Panama City is a growing coastal community with an estimated population exceeding 37,500 and a broader metro area approaching 230,000 residents. The area is experiencing steady growth driven by a diverse economy including tourism, healthcare, education, and manufacturing, making this parcel an attractive value-add opportunity in a dynamic and thriving Florida market.

Key Highlights

  • Prime retail development opportunity in the growing Panama City, Florida market.
  • Located on a high‑traffic corridor with over 31,000 vehicles per day and excellent visibility.
  • Surrounded by dense residential neighborhoods, supporting a wide range of retail uses.

Property Analytics

Current Use

New Generation Auto ... Car Dealership U-Haul Neighborhood Dealer Car Rental Facility

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Restaurant

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

705
Businesses Nearby
8k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 93% Hotels & Casinos 7%
Arby's Dining
7,244 visits/mo 0.4 miles
Red Roof Inn Panama City Hotels & Casinos
566 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
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Frequently Asked Questions

What type of property is this?
Commercial land - Prime corner lot in high-traffic area, ideal for retail.
Where is this commercial land located?
The property is located at 2732 East 15th Street Panama City, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime retail development opportunity in the growing Panama City, Florida market.; Located on a high‑traffic corridor with over 31,000 vehicles per day and excellent visibility.; Surrounded by dense residential neighborhoods, supporting a wide range of retail uses.
More about this property
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