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    3705 Highway 98 Panama City, FL 32401

    For Sale
    $450,000

    Panama City, FL: High-traffic commercial land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 21,911 sq ft commercial lot is ideally situated on Highway 98 in Panama City, Florida, at 3705 W Hwy 98, zip code 32401. Boasting a highly desirable C-2 General Commercial zoning, this property presents a multitude of development opportunities. The zoning allows for a wide range of uses, including restaurants, retail establishments, auto repair shops, and various professional businesses. Its strategic location on a major thoroughfare ensures high visibility and accessibility, placing it directly in the path of traffic entering Panama City from Panama City Beach. The lot's dual street frontage provides excellent ingress and egress, enhancing its operational efficiency. This prime location offers unparalleled exposure to the bustling St. Andrews Historic Entertainment area and the vibrant new entertainment venues in Downtown Panama City. The asking price for this exceptional property is $450,000. Don't miss this chance to acquire a highly visible and versatile commercial property in a thriving Florida market.

    Property Features for 3705 Highway 98

    General Information

    Property type
    Specialty properties

    HighLights

    • 21,911 SF commercial lot in Panama City, FL.
    • Located on Highway 98 at 3705 W Hwy 98, zip code 32401.
    • C‑2 General Commercial zoning allows for diverse uses including restaurants, retail, and auto repair.
    • High visibility and accessibility due to Highway 98 location and dual street frontage.
    • Prime location near St. Andrews Historic Entertainment area and Downtown Panama City.
    • Asking price: $450,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Realty agency Wholesale Shop Hair Salon Clothing Store Nail Salon Department Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.7093817
    Latitude
    30.180419

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    FAQs

    What type of property is this?
    Specialty property - Panama City, FL: High-traffic commercial land.
    Where is this specialty property located?
    The property is located at 3705 Highway 98 Panama City, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 21,911 SF commercial lot in Panama City, FL.; Located on Highway 98 at 3705 W Hwy 98, zip code 32401.; C-2 General Commercial zoning allows for diverse uses including restaurants, retail, and auto repair.
    Request Owner's contact information
    3705 Highway 98 Panama City, FL 32401
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    3705 Highway 98
    Panama City, FL 32401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3705 Highway 98 Panama City, FL 32401
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