Commercial Land with Highway
For Sale
$990,000
Pending
7729 HWY 231, Panama City, FL 32404
Land, Panama City, FL
Property SizeContact for details
Lot Size12.00 Acres
Days on Market2107
Property Features for 7729 HWY 231
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
County, Agriculture
Subdivision
[No Recorded Subdiv]
Directions
From Hwy 77, North on 231 for 11 Miles to Penny Road. Site is located at the NW Corner Penny Road and Hwy 231
Standard status
Pending
APN
05636-020-000
Lot size
12.00 Acres
Taxes and HOA fees
Tax Description
35 2S 13W -1.2- 158 COM AT NW COR OF SEC 35 E 770.74' FOR POB TH CONT E 862.62' SWLY 600' E 300' SWLY 273.55' W 299.81' SWLY 199.98 TO N R/W PENNY RD W 336.76' TO E R/W BASS WARREN RD TH CONT W 60 TO THE W R/W OF BASS WARREN RD TH N 661.31' E 60' S 225.06 E 308.41' N 226.20' TO POB ORB 2596 P 2358
Legal Description
35 2S 13W -1.2- 158 COM AT NW COR OF SEC 35 E 770.74' FOR POB TH CONT E 862.62' SWLY 600' E 300' SWLY 273.55' W 299.81' SWLY 199.98 TO N R/W PENNY RD W 336.76' TO E R/W BASS WARREN RD TH CONT W 60 TO THE W R/W OF BASS WARREN RD TH N 661.31' E 60' S 225.06 E 308.41' N 226.20' TO POB ORB 2596 P 2358
Listing Agency:
ERA Neubauer Real Estate Inc · ERA Real Estate
(850) 785-1551
Listed By:
Tom S Neubauer · License #0136841
(850) 522-7450
Added: Nov 16, 2020
Changed: Aug 19
Last Checked: Aug 24 at 10:06AM
MLS# 705440
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 commercial land offering comprises 12 acres with frontage along both Hwy 231 and Penny Road. The tract provides 273 feet along Hwy 231 and 396 feet along Penny Road, creating access from two roadways.
The property is adjacent to Morningside Subdivision and located close to the Intermodel Distribution Center. Its commercial land classification and dual-road frontage define the principal physical characteristics of the offering.
The property is adjacent to Morningside Subdivision and located close to the Intermodel Distribution Center. Its commercial land classification and dual-road frontage define the principal physical characteristics of the offering.
Key Highlights
- 12‑acre commercial land tract
- 273 feet of frontage on Hwy 231
- 396 feet of frontage on Penny Road
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - A substantial commercial land tract with access from two roadways and proximity to an established residential subdivision.
Where is this commercial land located?
The property is located at 7729 HWY 231 Panama City, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 12‑acre commercial land tract; 273 feet of frontage on Hwy 231; 396 feet of frontage on Penny Road
