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    4100 Highway 98 Panama City, FL 32405

    For Sale
    $2,144,900

    High-potential multi-use commercial land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 78,408 sq ft commercial property, located at 4100 W Hwy 98 in Panama City, Florida (zip code 32405), presents a unique investment opportunity. Built in 1983, the property boasts a versatile layout currently encompassing a restaurant, mini-warehouses, and residential rental units. Its strategic corner location at the intersection of Hwy 98 and Grant Avenue offers significant visibility and accessibility. The property measures approximately 330 feet along Hwy 98 and 232 feet along Grant Avenue. The asking price is $2,144,900. Its diverse existing uses and substantial size suggest significant development potential. The property's zoning and permitted uses should be verified independently. Consider the possibilities for a motel, gas station, or fast-food establishment, capitalizing on the high traffic volume of this prime location. This is an ideal opportunity for an investor seeking a multi-faceted commercial property with substantial upside potential in a thriving Florida market. The property is classified as Special Purpose.

    Property Features for 4100 Highway 98

    General Information

    Property type
    Specialty properties

    Building Details

    Year Built
    1983

    HighLights

    • 78,408 SF commercial property at 4100 W Hwy 98, Panama City, FL 32405.
    • Built in 1983, currently includes restaurant, mini‑warehouses, and residential units.
    • Corner lot with high visibility at Hwy 98 and Grant Ave (approx. 330' x 232').
    • $2,144,900 asking price.
    • Significant development potential; zoning and permitted uses to be verified.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Ice Cream Shop ... Pizza Restaurant

    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
    -85.6743082
    Latitude
    30.1917155

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    FAQs

    What type of property is this?
    Specialty property - High-potential multi-use commercial land
    Where is this specialty property located?
    The property is located at 4100 Highway 98 Panama City, FL.
    What is the asking price?
    The asking price for this property is $2,144,900.
    What are key features of this property?
    This property features: 78,408 SF commercial property at 4100 W Hwy 98, Panama City, FL 32405.; Built in 1983, currently includes restaurant, mini-warehouses, and residential units.; Corner lot with high visibility at Hwy 98 and Grant Ave (approx. 330' x 232').
    Request Owner's contact information
    4100 Highway 98 Panama City, FL 32405
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    4100 Highway 98
    Panama City, FL 32405
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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
    4100 Highway 98 Panama City, FL 32405
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