4305 Hwy 98 Panama City, FL 32401-1174
This exceptional 0.67-acre commercial lot, located on Highway 98, presents a unique investment opportunity. Zoned C2, this property is ideally suited for a wide range of commercial ventures. Its previous use as a restaurant with a drive-through speaks to its high visibility and convenient access. Two paved entrances ensure easy customer access and ample parking potential. All utilities are readily available, simplifying the development process and minimizing upfront costs. The lot's size offers flexibility in design and construction, allowing for customization to meet specific business needs. The strategic Highway 98 location guarantees high traffic volume and excellent exposure to potential customers. This is a rare chance to acquire a well-positioned commercial parcel ready for immediate development. The property's history as a restaurant with a drive-through suggests a strong potential for similar businesses, but the C2 zoning allows for a variety of uses. This turnkey opportunity is perfect for entrepreneurs seeking a high-visibility location with established infrastructure. Don't miss this chance to establish your business in a thriving commercial area. Contact us today to learn more about this exciting prospect.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PC09 · Panama City, FLPanama City. Always verify with local authorities before improvements.
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.