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    4838 Highway 22 Panama City, FL 32404

    For Sale
    $274,900

    975 SF Retail Space, Two Buildings

    Property size:
    975 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial property in Callaway, Florida, presents a unique investment opportunity. Located on busy Highway 22, the property boasts a total of 975 square feet spread across two separate buildings situated on a sizable 37,461.6 square foot lot (APN: 24818-001-000). Each building features a one-bedroom, one-bathroom layout, previously used as a retail auto store and a produce market, respectively. A shared garage at the rear of both buildings offers additional storage or workspace, ideal for automotive repair or other uses. Built in 1998, this property is priced at $274,900, translating to $256.41 per square foot. The property's high-traffic location on Highway 22 in the Parker area ensures excellent visibility and accessibility for any business. This is a rare chance to acquire a versatile commercial parcel with significant potential in a thriving location. The address is 4838 Hwy 22, Callaway, FL 32404. Directions: Follow Hwy 231 South to Star Ave, turn left, continue south to Hwy 22, turn right, and the property will be at 4838 Hwy 22.

    Property Features for 4838 Highway 22

    General Information

    Property type
    Retail properties
    Square Feet
    975 SF

    Building Details

    Year Built
    1998

    HighLights

    • $274,900 asking price for a 975 sq ft retail business in Callaway, FL.
    • Located on Hwy 22 in Bay County, FL.
    • Property includes two separate buildings, each with a 1 bed/1 bath, and a shared garage.
    • Sits on a 37,461.6 sq ft lot (APN: 24818‑001‑000).
    • Built in 1998, with a price per square foot of $256.41.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6004945
    Latitude
    30.1527922

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    FAQs

    What type of property is this?
    Retail property - 975 SF Retail Space, Two Buildings
    Where is this retail property located?
    The property is located at 4838 Highway 22 Panama City, FL.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: $274,900 asking price for a 975 sq ft retail business in Callaway, FL.; Located on Hwy 22 in Bay County, FL.; Property includes two separate buildings, each with a 1 bed/1 bath, and a shared garage.
    Request Owner's contact information
    4838 Highway 22 Panama City, FL 32404
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    4838 Highway 22
    Panama City, FL 32404
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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
    4838 Highway 22 Panama City, FL 32404
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