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    3935 Highway 98 Panama City, FL 32401

    For Sale
    $175,000

    1.15 Acres, High Visibility, Zoned GC

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property presents a rare opportunity for astute investors and developers. Located at 3935 E Highway 98 in Panama City, Florida, this vacant lot spans 50,007 square feet (approximately 1.15 acres) and offers significant potential for a wide range of commercial ventures. The property boasts approximately 220 feet of road frontage on Highway 98, ensuring high visibility and accessibility for any business. Its strategic location within Bay County, Florida, provides excellent exposure to a thriving local market. The lot is zoned for General Commercial use, opening doors to a variety of development possibilities. The asking price is $175,000, making this an attractive investment opportunity. All measurements are approximate and should be independently verified. This is a prime location for building your next business venture. Don't miss this chance to acquire a highly visible and versatile commercial lot in a desirable area of Panama City. The property's zip code is 32401.

    Property Features for 3935 Highway 98

    General Information

    Property type
    Specialty properties

    HighLights

    • $175,000 asking price.
    • Special Purpose property.
    • 50,007 square foot lot.
    • Located at 3935 E Highway 98, Panama City, FL 32401.
    • 1.15 acres with approximately 220 feet of road frontage.
    • General Commercial zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Realty agency Wholesale Shop Hair Salon Clothing Store Nail Salon Department Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.615168
    Latitude
    30.139966

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    FAQs

    What type of property is this?
    Specialty property - 1.15 Acres, High Visibility, Zoned GC
    Where is this specialty property located?
    The property is located at 3935 Highway 98 Panama City, FL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: $175,000 asking price.; Special Purpose property.; 50,007 square foot lot.
    Request Owner's contact information
    3935 Highway 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
    3935 Highway 98 Panama City, FL 32401
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