Waterfront Commercial
For Sale
$1,850,000
1524 E 5th Business 98 Street, Panama City, FL 32401
Land, Panama City, FL
Property SizeContact for details
Lot Size1.36 Acres
Days on Market785
Property Features for 1524 E 5th Business 98 Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Resid Single Family, Industrial Light, Multi-Family, Resid Multi-Family, Commercial, General Commercial
Subdivision
Bayou Plat
Directions
Go East on Highway 98 and take a right on Martin Luther King Road. Passing Bay Medical on the left, you will take a left at the stop light and follow the road (East Business 98) until you see the vacant land on the right next to Watson Landings Marina.
Standard status
Active
APN
22235-000-000
Lot size
1.36 Acres
Taxes and HOA fees
Tax Description
10 4S 14W -5- 81A BEG 900' E OF SW COR OF NW1/4 OF NW1/4 TH NWLY 175' ALG S BDRY RD 10 TH SLY AT RT ANGLE TO WATER THSELY ON BAYOU TO PT S OF BEG TH N TO BEG ORB 3510 P 1713
Legal Description
10 4S 14W -5- 81A BEG 900' E OF SW COR OF NW1/4 OF NW1/4 TH NWLY 175' ALG S BDRY RD 10 TH SLY AT RT ANGLE TO WATER THSELY ON BAYOU TO PT S OF BEG TH N TO BEG ORB 3510 P 1713
Utilities
Sewer type
Public Sewer
Water front features
Seawall
Water front
1
Listing Agency:
Coastal Sun Realty LLC
(850) 249-2050
Listed By:
Marco Cooper · License #3154198
(850) 832-1266
Added: Jul 12, 2024
Changed: Aug 19
Last Checked: Sep 4 at 12:06PM
MLS# 759811
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 1.36-acre commercial land parcel fronts Watson Bayou and includes substantial marine improvements. The property has a 250-foot seawall, a 136-foot boat dock, and more than 250 feet of waterfront with deep-water access. Fourteen wet slips feature custom hydraulic lifts, with power and water provided at each slip. The slips can accommodate plus 40 foot boat, and additional slips may be added through the proper channels.
Public sewer and city water are in place, and the site also has road frontage along Business Highway 98. The parcel sits next to Watson Landings Marina, with a new city public boat ramp nearby. Its GC-2 zoning and waterfront setting support consideration for commercial or mixed-use development, including storage, retail, multifamily, or single-family residential uses as stated in the property information.
Public sewer and city water are in place, and the site also has road frontage along Business Highway 98. The parcel sits next to Watson Landings Marina, with a new city public boat ramp nearby. Its GC-2 zoning and waterfront setting support consideration for commercial or mixed-use development, including storage, retail, multifamily, or single-family residential uses as stated in the property information.
Key Highlights
- 1.36‑acre waterfront commercial parcel on Watson Bayou
- 250‑foot seawall and 136‑foot boat dock with deep‑water access
- More than 250 feet of waterfront
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - GC-2-zoned waterfront parcel with marina improvements, public utilities, and access to Watson Bayou.
Where is this commercial land located?
The property is located at 1524 E 5th Business 98 Street Panama City, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 1.36‑acre waterfront commercial parcel on Watson Bayou; 250‑foot seawall and 136‑foot boat dock with deep‑water access; More than 250 feet of waterfront
