Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7409 Hwy 231 Hwy Panama City, FL 32404

    For Sale
    $280,000

    Prime 3.12-Acre Commercial Lot - Reduced Price!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 3.12-acre commercial lot, totaling 135,907 square feet, is strategically located at the intersection of US Highway 231 and Coe Road in Panama City, Florida. The property boasts a highly visible location, situated directly across from Coastal Helicopters, Bay Industrial Park, and the Intermodal Distribution Center (IDC). Coe Road provides convenient access to Highway 2301, enhancing connectivity and accessibility. This prime parcel is zoned General Commercial (GC-3) within unincorporated Bay County, offering a wide range of development possibilities. The area is experiencing significant growth, with several new residential developments and businesses establishing themselves nearby, including a FedEx distribution facility, a new manufacturing company in the former Century Boats/Yamaha Motors site, Conner Industries, and Eastern Industries. This presents a unique opportunity for investors and developers seeking a high-visibility location in a rapidly expanding area. Ideal for various commercial uses, including convenience stores, retail establishments, storage facilities, and restaurants. The asking price has been reduced for a quick sale, making this an attractive investment opportunity. The property's size and location make it an excellent choice for businesses seeking high visibility and convenient access to major transportation routes.

    Property Features for 7409 Hwy 231 Hwy

    General Information

    Property type
    Specialty properties

    HighLights

    • 3.12‑acre commercial lot (135,907 sq ft) in Panama City, FL.
    • High‑visibility location at US Hwy 231 & Coe Rd, across from Coastal Helicopters, Bay Industrial Park, and Intermodal Distribution Center.
    • Convenient access to Hwy 2301 via Coe Road.
    • Zoned General Commercial (GC‑3) in unincorporated Bay County, allowing diverse development options.
    • Located in a rapidly growing area with new residential and commercial developments, including FedEx and new manufacturing facilities.
    • Reduced asking price for quick sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.52525
    Latitude
    30.272262

    Nearby Similar for Sale

    • $1,150,000
      Pending

      Unique Bayfront Property with Income

      Bayfront property featuring a main house and six rental units.
      6035 Bus, Panama City, FL 32404
      View Details
    • New
      $528,000
      0.40 Acres

      Dual-Home Family Retreat Opportunity

      Dual-home property near Beach Drive, ideal for living and investment.
      1016 W 12Th St, Panama City, FL 32401
      View Details
    • New
      $1,850,000
      0.25 Acres

      Waterfront Multi-Family Investment Opportunity

      Waterfront property with new construction and income potential in Panama City.
      401 Massalina Dr, Panama City, FL 32401
      View Details
    • $699,900
      2,204 SF

      Renovated Multi-Unit Rental Property

      Turnkey, fully furnished rental property with proven rental history.
      3820 Treasure Cir, Panama City, FL 32408
      View Details
    • $694,000
      2,269 SF

      Upgraded Duplex with Rental Potential

      Duplex with multiple possibilities: live, rent, or short-term rent.
      3707 Mystic St, Panama City, FL 32408
      View Details
    • New
      $694,000
      0.13 Acres

      Adorable Duplex with Multiple Possibilities

      Upgraded duplex with short-term rental potential near lagoon access.
      3707 Mystic St, Panama City, FL 32408
      View Details

    FAQs

    What type of property is this?
    Specialty property - Prime 3.12-Acre Commercial Lot - Reduced Price!
    Where is this specialty property located?
    The property is located at 7409 Hwy 231 Hwy Panama City, FL.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: 3.12-acre commercial lot (135,907 sq ft) in Panama City, FL.; High-visibility location at US Hwy 231 & Coe Rd, across from Coastal Helicopters, Bay Industrial Park, and Intermodal Distribution Center.; Convenient access to Hwy 2301 via Coe Road.
    Request Owner's contact information
    7409 Hwy 231 Hwy Panama City, FL 32404
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7409 Hwy 231 Hwy
    Panama City, FL 32404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7409 Hwy 231 Hwy Panama City, FL 32404
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.