Prime Panama City Development
For Sale
$2,300,000
4810 W Highway 98, Panama City, FL 32401
4.77 acre commercial parcel in a prime location.
Property SizeContact for details
Lot Size4.77 Acres
Days on Market215
Property Features for 4810 W Highway 98
General Information
Standard status
Active
Lot size
4.77 Acres
Property subtype
Land or Vacant Lot
Listing Agency:
ERA NEUBAUER REAL ESTATE, INC
(850) 872-3434
Listed By:
DEBORAH A CLASS · License #3293094
Source:
Corcoran
Added: Jan 9
Changed: Aug 12
Last Checked: Aug 12 at 6:13AM
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 ERA NEUBAUER REAL ESTATE, INC
Investment Insights
Based on property information with market context.
This 4.77-acre parcel, zoned General Commercial 2, presents a development opportunity in a prime location within the Gateway Overlay. The property is located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area. Situated just before the Hathaway Bridge in Panama City, the location offers visibility and traffic count when traveling on Hwy 98 East from Panama City or West to Panama City Beach. The parcel provides accessibility via three roads: Hwy 98, 19th St, and Brown Ave, with approximately 180 feet of frontage on Hwy 98, 580 feet on 19th St, and 375 feet on Brown Ave. The property is in proximity to the Port of Panama City, Gulf Coast State College, and FSU campuses, with access to Historic St. Andrews, Downtown Panama City, and Panama City Beach. This property is suitable for apartments, a hotel, a restaurant, a retail store, or a combination of commercial businesses. Previously, a hotel occupied the site but was demolished due to damage from Hurricane Michael.
Key Highlights
- Prime location with high traffic count and visibility on Hwy 98, ideal for commercial development.
- Zoned General Commercial 2, allowing for a wide range of business types including apartments, hotels, restaurants, and retail.
- Located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 4.77 acre commercial parcel in a prime location.
Where is this commercial land located?
The property is located at 4810 W Highway 98 Panama City, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime location with high traffic count and visibility on Hwy 98, ideal for commercial development.; Zoned General Commercial 2, allowing for a wide range of business types including apartments, hotels, restaurants, and retail.; Located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area.
