00 15Th St Panama City, FL 32404
This exceptional 87,120 square foot commercial lot is situated in Panama City, Florida, at 00 15th Street, zip code 32404, in Bay County. Offered at $398,900, this special purpose property boasts a highly desirable location adjacent to a Subway restaurant on Tyndall Parkway (Highway 98). The property benefits from exceptional visibility and a substantial daily traffic count, making it ideally suited for a variety of commercial ventures, including retail establishments or office spaces. Its strategic placement ensures significant exposure to potential customers and clients. The expansive lot size provides ample space for development, allowing for flexibility in design and construction to meet specific business needs. This is a rare opportunity to acquire a prime commercial property in a thriving location, poised for immediate development and significant return on investment. The property's strategic positioning on a major thoroughfare guarantees high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in Panama City. The asking price represents exceptional value for a property of this size and location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.