Panama City Neighborhood Shopping
615 N Highway 231 Panama City, FL 32405
For Sale
$6,493,000
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 Market118
Property Features for 615 N Highway 231
General Information
Standard status
Active
Size
54,027 SF
Lot size
5.18 Acres
Property subtype
Commercial Shopping Center
Building Details
Year Built
1977
Listing Agency:
NAI TALCOR | Tallahassee
(850) 814-4490
Listed By:
Brent Faison · License #3027940
(850) 814-4490
Source:
Naiglobal
Added: Apr 1
Changed: Jul 10
Last Checked: Jul 27 at 6:59AM
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 | Tallahassee
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
Location Intelligence
Current Use
Similar Off Market Nearby
- Gilberg's Plaza — 2421 FL-77, Panama City, FL 32405
- Mariner Plaza — 615 US-231, Panama City, FL 32405
- PCB Office — 625 US-231, Panama City, FL 32405
- Bay City Point — 500 E 23rd St, Panama City, FL 32405
- Panama City Mall — 2150 Martin Luther King Jr Blvd, 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 N 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.
