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Property profile & analytics
OFF-MARKET
Commercial land

4305 Hwy 98 Panama City, FL 32401-1174

2,732 SF 0.67 ac lot Built 1978
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US18-0033680
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1978
Construction WOOD FRAME
Total area 2,732 SF
Lot 0.67 ac (29,185 SF)
Zoning code PC09
APN 28348-000-000
UPID US18-0033680
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Tsm Florida LLC · 3 yrs held
Tsm Florida LLC
since 2023
Last sale
$299,000
6 recorded transactions
2023
$299,000
2019
$265,000
2012
$150,000
2004
$295,000
1998
$360,000
1969
Price N/A
Zoning & alternative use
PC09 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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