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Industrial Development Land with Highway Frontage
For Sale
$900,000

Hwy 231, Panama City, FL 32404

LAND - Panama City, FL

Property SizeContact for details
Lot Size80.00 Acres
Days on Market2480

Property Features for Hwy 231

General Information

Property type Land
Property subtype Other
Zoning Commercial
Lot features Irregular, Wooded
Elementary school Waller
Middle school Merritt Brown
High school Rutherford
Directions Adjacent, and north of the Port of Panama City's Intermodal Distribution Center. From the intersection of US 231 and 23rd Street, head North approximately 9.3 miles to Port of Panama City's Intermodal Distribution Center at Commerce Blvd.. The 80 acres is +/-1/2 mile north. The Property entrance will be on right (south) side of U.S. 231, at the north-end of the property and at the median-cut.
Subdivision 27 - Bay County
Standard status Active
APN 05468-000-000
Lot size 80.00 Acres

Taxes and HOA fees

Tax Description A +/-80 Acre portion of: 26/25 2S 13W 525.50AC -1- 58 ALL SEC 26 LESS S 1/2 OF SW1/4 & W1/2 OF SW1/4 OF SE1/4 & LESS RR R/W & HWY IN SEC 26 25 2S 13W BEG 1760' N OF SW COR OF SEC 25 TH RUN N 762' TH NELY 1061' S 91.7' SWLY ALONG CENTER LI RD 1610' TO POB ORB 724 P 854 ORB 768 P 667 ORB 1052 P 894 ORB 1044 P 686 ORB 1149 P 1065,1067,1069,1071 ,1073 ORB 2374 P 1786 ORB 2751 P 1686
Legal Description A +/-80 Acre portion of: 26/25 2S 13W 525.50AC -1- 58 ALL SEC 26 LESS S 1/2 OF SW1/4 & W1/2 OF SW1/4 OF SE1/4 & LESS RR R/W & HWY IN SEC 26 25 2S 13W BEG 1760' N OF SW COR OF SEC 25 TH RUN N 762' TH NELY 1061' S 91.7' SWLY ALONG CENTER LI RD 1610' TO POB ORB 724 P 854 ORB 768 P 667 ORB 1052 P 894 ORB 1044 P 686 ORB 1149 P 1065,1067,1069,1071 ,1073 ORB 2374 P 1786 ORB 2751 P 1686
Listing Agency: Counts Real Estate Group Inc
Listed By: Christopher S McCall · License #666647
Added: Oct 21, 2019 Changed: Apr 20 Last Checked: Aug 4 at 9:06AM
MLS# 909208

Copyright © 2026 Emerald Coast 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 offering is approximately 80 acres of industrial development land, currently zoned AG-1. The property provides an estimated +/- 3,700 feet of frontage on U.S. Highway 231, offering direct visibility and convenient access for commercial or industrial uses.

The land is located in Bay County and about one-half mile north of the main entrance to Port Panama City’s Intermodal Distribution Center. The public remarks note that a rail service is available.

The listing also references proximity to major distribution activity, including a 250,000-square-foot FedEx distribution center reported to be under construction, and the site is described as adjacent to the Intermodal Distribution Center. Land use change and incorporation into Panama City limits are discussed as potential paths for supporting industrial development.

Key Highlights

  • Approximately 80 acres with +/- 3,700 ft of frontage on U.S. Highway 231
  • Zoned AG‑1 in Bay County
  • Located 1/2 mile north of the main entrance to Port Panama City's Intermodal Distribution Center (Commerce Boulevard)

Property Analytics

Current Use

Industrial land

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,131
Businesses Nearby

Demographics for 32404, FL

38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - Approximately 80 acres zoned AG-1 with about 3,700 feet of frontage on U.S. Highway 231 in Bay County.
Where is this industrial land located?
The property is located at Hwy 231 Panama City, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Approximately 80 acres with +/- 3,700 ft of frontage on U.S. Highway 231; Zoned AG‑1 in Bay County; Located 1/2 mile north of the main entrance to Port Panama City's Intermodal Distribution Center (Commerce Boulevard)
More about this property
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