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    Panama City, FL
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    Panama City, FL Parking Lots & Garages for Sale

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    Rosemary Beach, FL Panama City Beach, FL Southport, FL Lynn Haven, FL Callaway, FL Youngstown, FL Marianna, FL Wewahitchka, FL
    High-Traffic Corner Property For Sale
    Updated: Aug 18, 2025
    High-Traffic Corner Property For Sale

    1216 N Martin Luther King Jr Boulevard, Panama City, FL 32401

    $229,900
    912 sqft 0.11 AC lot
    High‑traffic corner lot with excellent visibility.
    Versatile property suitable for residential or commercial use (with permits).
    New central HVAC system (2024).
    New roof (2020).
    Commercial‑grade parking lot in the rear.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    1216 N Martin Luther King Jr Boulevard, Panama City, FL 32401

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    • Est. Cap Rate

      4.6%
      NOI ÷ price

    • Est. NOI

      $11K
      Annual

    • Price @ 7% Cap

      $150K
      Suggested

    • Last Sold

      Nov 2025
      $30.8M
    View Property Analytics
    Auto Repair Center and Rentals
    Updated: Apr 15
    Auto Repair Center and Rentals

    2206 W 15th Street, Panama City, FL 32401

    $2,499,000
    9,425 sqft 0.80 AC lot
    Built in 2005 and located on a high‑traffic corridor with corner lot access
    Three total units: an operating tire and auto repair center plus two income‑producing rental units with long‑term tenants
    Main unit has five bay doors and includes professional‑grade lifts, compressors, and necessary equipment in the sale
    One rental unit includes an additional bay door for automotive or light industrial use
    Expansive, fully fenced outdoor area for auto storage, fleet parking, or expansion
    View details
    Retail Development Opportunity in Panama
    Retail Development Opportunity in Panama

    2732 East 15th Street, Panama City, FL 32405

    $250,000
    16,600 sqft 0.50 AC lot

    Prime corner lot in high-traffic area, ideal for retail.

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    Turnkey Auto Repair Center
    Turnkey Auto Repair Center

    2206 W 15th Street, Panama City, FL 32401

    $2,499,000
    9,425 sqft

    Prime commercial property with auto repair center and rental units.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 4 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 19 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Commercial Site with Storage
    Commercial Site with Storage

    7413 Front Beach Road, Panama City Beach, FL 32407

    $750,000
    1.13 AC lot

    A 1.13-acre commercial site currently used for boat and RV storage near the Hathaway Bridge.

    View details
    Prime Location Commercial Building
    Prime Location Commercial Building

    16901 Pc Bch Parkway, Panama City Beach, FL 32413

    $4,950,000
    12,916 sqft 1.10 AC lot

    Three-story building with additional lot for expansion or parking.

    View details
    Montgomery Land For Sale
    Montgomery Land For Sale

    CARMICHAEL Road, Montgomery, AL 36106

    $1,150,000
    0.50 AC lot

    Land available for sale in Montgomery, Alabama.

    View details
    Mechanics Shop and Car Lot
    Mechanics Shop and Car Lot

    3786 Norman Bridge Rd, Montgomery, AL 36105

    $99,950

    Mechanics shop and car lot for sale with equipment.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Fully Fenced RV Lot
    Fully Fenced RV Lot

    Port St Joe, FL 32456

    $240,000
    0.17 AC lot

    Fully fenced RV lot with a 32-by-60 pole barn and an existing concrete slab for outdoor use.

    View details
    Spacious Wooded Lot Near Apalachicola
    Spacious Wooded Lot Near Apalachicola

    4 Pine Dr, Apalachicola, FL 32320

    $100,000
    1.84 AC lot

    1.84-acre wooded parcel near Apalachicola's amenities and St. George Island.

    View details
    Commercial-Adjacent Residential Lot
    Commercial-Adjacent Residential Lot

    19441 Greeno Road, Fairhope, AL 36532

    $225,000
    1.01 AC lot

    One-acre lot with no HOA restrictions, Baldwin County RSF-1 zoning, and access to commercial frontage options along Greeno Road.

    View details
    Coastal Development Land Opportunity
    Coastal Development Land Opportunity

    327 NW Second Ave, Steinhatchee, FL 32359

    $1,375,000
    3.03 AC lot

    3.03 acre parcel for coastal development with stunning views.

    View details

    Off-Market Properties in Panama City, FL

    Consider similar Off-Market properties in Panama City, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1014 Beck Ave
    PARKING LOT

    1014 Beck Ave, Panama City, FL 32401

    Value Estimation by Request
    364 sqft 0.19 AC lot
    View details
    1110 Beck Ave
    PARKING LOT

    1110 Beck Ave, Panama City, FL 32401-1457

    Value Estimation by Request
    0.45 AC lot
    View details
    507 Macarthur Ave
    PARKING LOT

    507 Macarthur Ave, Panama City, FL 32401

    Value Estimation by Request
    0.69 AC lot
    View details
    706 Cv Blvd
    PARKING LOT

    706 Cv Blvd, Panama City, FL 32401

    Value Estimation by Request
    3,828 sqft 1.13 AC lot
    View details
    700 Bonita Ave
    PARKING LOT

    700 Bonita Ave, Panama City, FL 32401

    Value Estimation by Request
    4.18 AC lot
    View details
    Harrison Ave
    PARKING LOT

    Harrison Ave, Panama City, FL 32405

    Value Estimation by Request
    2.94 AC lot
    View details
    1132 Beck Ave
    PARKING LOT

    1132 Beck Ave, Panama City, FL 32401

    Value Estimation by Request
    1,472 sqft 0.07 AC lot
    View details
    Bch W Dr
    PARKING LOT

    Bch W Dr, Panama City, FL 32401

    Value Estimation by Request
    0.09 AC lot
    View details
    1209 15th St
    PARKING LOT

    1209 15th St, Panama City, FL 32401-2046

    Value Estimation by Request
    148 sqft 0.33 AC lot
    View details
    Bonita Ave
    PARKING LOT

    Bonita Ave, Panama City, FL 32401

    Value Estimation by Request
    4,074 sqft 1.05 AC lot
    View details
    Grace Ave
    PARKING LOT

    Grace Ave, Panama City, FL 32405

    Value Estimation by Request
    0.96 AC lot
    View details
    Beck Ave
    PARKING LOT

    Beck Ave, Panama City, FL 32401

    Value Estimation by Request
    0.26 AC lot
    View details
    530 Palo Alto Ave
    PARKING LOT

    530 Palo Alto Ave, Panama City, FL 32401

    Value Estimation by Request
    1,419 sqft 0.24 AC lot
    View details
    505 Macarthur Ave
    PARKING LOT

    505 Macarthur Ave, Panama City, FL 32401-3635

    Value Estimation by Request
    6,511 sqft 1.28 AC lot
    View details
    1021 Cv Blvd
    PARKING LOT

    1021 Cv Blvd, Panama City, FL 32401-3416

    Value Estimation by Request
    0.34 AC lot
    View details
    1021 Cv Blvd
    PARKING LOT

    1021 Cv Blvd, Panama City, FL 32401-3416

    Value Estimation by Request
    0.32 AC lot
    View details
    517 Bonita Ave
    PARKING LOT

    517 Bonita Ave, Panama City, FL 32401-3621

    Value Estimation by Request
    1,411 sqft 0.32 AC lot
    View details
    3814 7th St
    PARKING LOT

    3814 7th St, Panama City, FL 32401

    Value Estimation by Request
    0.42 AC lot
    View details
    7th St
    PARKING LOT

    7th St, Panama City, FL 32401

    Value Estimation by Request
    1.29 AC lot
    View details

    Panama City, FL Parking Lots & Garages Market Trends and Statistics

    Explore 23 parking lots & garages for sale in Panama City, FL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 36,362 square feet of properties for sale, with an estimated market value of $5,477,900.

    Sale prices for parking garages in Panama City, FL start at $229,900, averaging $1,369,475, and reaching up to $2,499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Land 495
    Commercial land 248
    Office Spaces 156
    Residential land & home lots 130
    Retail properties & Spaces 114

    Demographics Overview

    Population 154K
    Population Growth (5Y) +1,132.7%
    Median Household Income $71,237
    College Educated 29.8%

    High-Yield Neighborhoods for Investment

    Identify Panama City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32405 $250K
    32404 $369.5K
    32401 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $28.37 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bay County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Bay County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Panama City fall within the 50,000 to 100,000 square foot range.

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