Highway Frontage Commercial
For Sale
$1,500,000
2822 Martin Luther King Jr Blvd Avenue, Panama City, FL 32405
Land, Panama City, FL
Property SizeContact for details
Lot Size3.40 Acres
Days on Market62
Property Features for 2822 Martin Luther King Jr Blvd Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
County
Subdivision
[No Recorded Subdiv]
Directions
On Highway 77
Standard status
Active
APN
12865-010-000
Lot size
3.40 Acres
Taxes and HOA fees
Tax Description
28 3S 14W -8.16- 104B ST AND BAY DEV CO PLAT LOT 45 LESS E 50' FOR RD R/W & LESS PCL -8.2- ORB 4729 P 1965
Legal Description
28 3S 14W -8.16- 104B ST AND BAY DEV CO PLAT LOT 45 LESS E 50' FOR RD R/W & LESS PCL -8.2- ORB 4729 P 1965
Listing Agency:
Think Real Estate
(850) 270-4200
Listed By:
The Sanchez Group
(850) 890-6262
Added: Jul 8
Changed: Sep 5
Last Checked: Sep 7 at 4:06PM
MLS# 792429
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 3.4-acre commercial land parcel offers 220 feet of frontage along Highway 77, a four-lane roadway. A median-cut entrance provides direct highway access, while a second access point from N MacArthur Ave supports delivery circulation, additional parking access, or a future secondary curb cut. Power, water, and sewer are available.
The site is positioned less than one mile from Panama City's primary retail corridor, with Target, Kohl's, Planet Fitness, Home Depot, Lowe's, Walmart, Publix, TJ Maxx, and Hobby Lobby among the nearby retailers. Highway 77 carries approximately 30,000 vehicles per day based on FDOT traffic count data, providing measurable exposure for future commercial development.
The site is positioned less than one mile from Panama City's primary retail corridor, with Target, Kohl's, Planet Fitness, Home Depot, Lowe's, Walmart, Publix, TJ Maxx, and Hobby Lobby among the nearby retailers. Highway 77 carries approximately 30,000 vehicles per day based on FDOT traffic count data, providing measurable exposure for future commercial development.
Key Highlights
- 3.4‑acre commercial land parcel
- 220 feet of frontage on Highway 77
- Approximately 30,000 vehicles per day based on FDOT traffic count data
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
501
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with highway and secondary access plus power, water, and sewer available.
Where is this commercial land located?
The property is located at 2822 Martin Luther King Jr Blvd Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3.4‑acre commercial land parcel; 220 feet of frontage on Highway 77; Approximately 30,000 vehicles per day based on FDOT traffic count data
