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    4423 Us-98 Panama City, FL 32401

    For Sale
    $2,000,000

    1.68 Acres, Waterfront Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.68-acre commercial land parcel in Panama City, Florida, is offered at $2,000,000. Located at 4423 US-98, this property boasts 132 feet of stunning St. Andrew Bay shoreline, providing captivating views of the bay, the Pass to the Gulf of Mexico, and Shell Island. The high-traffic location, with over 40,000 cars passing daily, is situated near the Hathaway Bridge, Port Panama City, and Gulf Coast State College. Zoned GC-2 General Commercial, this versatile land offers numerous development possibilities, including hotels, restaurants, condominiums, and retail spaces. The property's APN is 28341-000-000. This prime location and stunning waterfront views make this an unparalleled investment opportunity in Panama City's thriving commercial district. The property is situated in Bay County, Florida, with a zip code of 32401. This is a rare chance to acquire a significant waterfront commercial property in a high-growth area. Don't miss this opportunity to build your dream project in a vibrant and desirable location.

    Property Features for 4423 Us-98

    General Information

    Property type
    Land
    Lot Size
    73,181 SF

    HighLights

    • $2,000,000 asking price.
    • 1.68‑acre commercial land parcel.
    • GC‑2 General Commercial zoning.
    • Located at 4423 US‑98, Panama City, FL 32401 (APN: 28341‑000‑000).
    • High‑traffic location near Hathaway Bridge, Port Panama City, and Gulf Coast State College.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.71844
    Latitude
    30.179905

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    FAQs

    What type of property is this?
    Land - 1.68 Acres, Waterfront Opportunity
    Where is this land located?
    The property is located at 4423 Us-98 Panama City, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price.; 1.68-acre commercial land parcel.; GC-2 General Commercial zoning.
    Request Owner's contact information
    4423 Us-98 Panama City, FL 32401
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    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
    4423 Us-98 Panama City, FL 32401
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