Panama City Neighborhood Shopping
For Sale
$6,493,000
615 Highway 231, Panama City, FL 32405
54,027 SF shopping center on 5.18 acres for sale.
Property Size54,027 SF
Lot Size5.18 Acres
Price / SF$120.18
Days on Market230
Property Features for 615 Highway 231
General Information
Standard status
Active
Size
54,027 SF
Lot size
5.18 Acres
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
NAI TALCOR
(850) 814-4490
Listed By:
Tammy R Huston · License #3027940
(850) 230-4514
Source:
Cthomeseekers
Added: Jan 7
Changed: Aug 23
Last Checked: Aug 25 at 9:03AM
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 NAI TALCOR
Investment Insights
Based on property information with market context.
The property is a neighborhood shopping center with approximately 54,027 square feet of space, situated on 5.18 acres. It is located on Highway 231 in Panama City. The property benefits from multiple access points on major arteries, including Highway 231 and Highway 77, along with a separate lighted intersection at 19th Street. The shopping center is 83.13% occupied and generates stable in-place income. There is an approximately 9,114 square foot office vacancy, presenting a lease upside opportunity. A new roof and HVAC system were installed in 2019. The parking ratio is 4.37 spaces per 1,000 square feet.
Key Highlights
- High Occupancy Rate: 83.13% occupied, providing stable in‑place income.
- Strategic Location: Situated on 5.18 acres with access points on Hwy 231, Hwy 77, and 19th Street.
- Significant Size: +/-54,027 SF neighborhood shopping center.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
47k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 52%
Shops & Services 25%
Dining 16%
Hotels & Casinos 7%
Dillard's
Apparel
24,193 visits/mo
0.5 miles
Marathon
Shops & Services
10,018 visits/mo
0.3 miles
Arby's
Dining
7,244 visits/mo
0.2 miles
Holiday Inn Panama City
Hotels & Casinos
2,669 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
1,846 visits/mo
0.3 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
Questions? Ask Rey
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Similar Off Market Nearby
- Mariner Plaza — 615 US-231, Panama City, FL 32405
- PCB Office — 625 US-231, Panama City, FL 32405
- Panama City Mall — 2150 Martin Luther King Jr Blvd, Panama City, FL 32405
- Bay City Point — 500 E 23rd St, Panama City, FL 32405
- Gilberg's Plaza — 2421 FL-77, Panama City, FL 32405
Frequently Asked Questions
What type of property is this?
Shopping center - 54,027 SF shopping center on 5.18 acres for sale.
Where is this shopping center located?
The property is located at 615 Highway 231 Panama City, FL.
What is the asking price?
The asking price for this property is $6,493,000.
What are key features of this property?
This property features: High Occupancy Rate: 83.13% occupied, providing stable in‑place income.; Strategic Location: Situated on 5.18 acres with access points on Hwy 231, Hwy 77, and 19th Street.; Significant Size: +/-54,027 SF neighborhood shopping center.
