Panama City, FL Retail Properties & Spaces for Sale

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63 properties

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Updated: Nov 5, 2025

Renovated Mixed-Use Commercial Opportunity

5420 Hickory Street, Panama City, FL 32404

$2,180,000

21,184 sqft 2.50 AC lot

21,184 sq ft of under roof space on a 2.5‑acre lot provides ample space.
Zoned for mixed use, offering flexibility.
Fully renovated post‑hurricane with a new 24‑gauge standing seam metal roof.
Red iron clear span beam construction allows for easy interior modifications.
Parking lot accommodates 4 spaces per 1000 sq ft with room to expand.

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This listing looks promising.

Here's a quick look at some key insights for

5420 Hickory Street, Panama City, FL 32404

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$196K
Annual
Price @ 7% Cap

$2.8M
Above asking
Property Type

Recreational Center
Built 1988

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Updated: May 22

Industrial Flex Space with Showroom

1331 Harrison Avenue, Panama City, FL 32401

$2,500,000

11,171 sqft 0.66 AC lot

11,171 SF flex property with warehouse, showroom, office, and mezzanine areas
7,134 SF warehouse with ceilings approaching 21 feet
1,391 SF mezzanine for storage or workspace expansion
1,153 SF finished showroom with LED pendant lighting
600‑amp, 240/120V 3‑phase electrical service with roughly 70% spare capacity

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Auto Repair Center and Rentals

2206 W 15th Street, Panama City, FL 32401

$2,499,000

9,425 sqft 0.80 AC lot

Auto repair center with two long-term rental units and a fully equipped five-bay shop on a corner lot.

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Auto Shop With Service Bays

1900 N East Avenue, Panama City, FL 32405

$575,000

3,375 sqft 0.31 AC lot

Functional commercial workspace includes service bays, customer-facing space, and an administrative office.

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Multi-Building Warehouse Property

2515 E 15th St, Panama City, FL 32405

$1,825,000

7,548 sqft 4.50 AC lot

C3-A zoning supports warehouse, retail, transportation, and other commercial uses, subject to applicable restrictions.

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Corner Storefront Building

4018 W Hwy 98 Street, Panama City, FL 32405

$995,000

3,706 sqft 0.55 AC lot

Vacant concrete storefront on a corner lot along Hwy 98 with existing signage and on-site parking.

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Versatile Commercial Building in Downtown

551 Harrison Avenue, Panama City, FL 32401

$1,800,000

31,875 sqft 0.24 AC lot

30,000 Sq Ft commercial building in downtown Panama City.

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Mixed-Use Commercial Building

2209 Thomas Dr, Panama City, FL 32408

$1,490,000

1.15 AC lot

Open interior areas and private rooms support flexible office, dining, or retail configurations.

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Four-Story Mixed-Use Property

436 Harrison Ave Unit 100, Panama City, FL 32401

$1,200,000

26,000 sqft

First-floor commercial condominium with street-facing access for retail, café, or restaurant use.

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Multi-Building Warehouse Property

2515 E 15th Street, Panama City, FL 32405

$1,825,000

7,548 sqft 4.50 AC lot

C3-A zoning supports warehouse, retail, transportation, and other commercial uses.

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Dive Shop Storefront Business

1016 Thomas Drive, Panama City, FL 32408

$285,000

0.01 AC lot

Established dive retail operation includes inventory, rental equipment, customer accounts, and operating systems.

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Retail Building with Outdoor Bar

1000 Beck Avenue, Panama City, FL 32401

$3,195,000

7,618 sqft

Multi-unit retail building built in 1907 and renovated in 2021 with courtyard patio and outdoor bar space.

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Commercial Land With Warehouse Improvements

2515 E 15th Street, Panama City, FL 32405

$1,825,000

4.50 AC lot

C3-A zoning supports retail, transportation, and warehouse uses, with public sewer serving the property.

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Warehouse Campus with Retail Space

2515 E 15th Street, Panama City, FL 32405

$1,825,000

4.50 AC lot

Multi-building commercial property with warehouse improvements, flexible C3-A zoning, and additional retail and residential structures.

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Neighborhood Shopping Center

Panama City, FL 32405

$6,493,000

54,027 sqft 5.18 AC lot

Neighborhood shopping center totaling about 54,027 square feet on roughly 5.18 acres, with multiple highway access points.

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Freestanding Storefront with Warehouse

3407 S Highway 77, Panama City, FL 32405

$1,300,000

3,600 sqft 2.10 AC lot

Finished interior space and covered storage support retail and back-of-house functions.

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Auto Shop with Heated Space

5500 E Hwy 98 Bus, Panama City, FL 32404

$999,900

3,360 sqft 0.93 AC lot

Commercial parcel with a metal-roof building, public sewer, and frontage along established business routes.

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Prime Commercial Condo For Sale

8730 Thomas Drive #1101, Panama City, FL 32408

$599,999

2,482 sqft

Versatile commercial space in a rapidly growing market.

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Storefront Property With Covered Storage

3407 S Highway 77, Panama City, FL 32405

$2,495,000

7,200 sqft 4.20 AC lot

Two finished retail buildings offer covered storage, on-site parking, and access from multiple points.

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Commercial Land with Existing Buildings

4841 E Highway 98, Panama City, FL 32404

$299,000

4,440 sqft

Improved commercial land with two existing buildings and extensive concrete parking.

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Waterfront Commercial Land

4402 HIGHWAY 2321, Panama City, FL 32404

$350,000

2,219 sqft 3.50 AC lot

Existing bait shop on North Bay waterfront land in unincorporated Bay County.

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Versatile Commercial Building For Sale

2209 Thomas Drive, Panama City, FL 32408

$1,490,000

2,430 sqft

Former bank building suitable for office, restaurant, or retail.

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Scenic 30A Commercial Space

20 Hub Lane #1-2, Inlet Beach, FL 32461

$1,395,000

528 sqft 0.01 AC lot

Premier commercial space on Scenic 30A in South Walton County.

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Panama City Neighborhood Shopping Center

615 Highway 231, Panama City, FL 32405

$6,493,000

54,027 sqft 5.18 AC lot

54,027 SF shopping center on 5.18 acres for sale.

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Panama City, FL Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Panama City, FL, showcased through 63 active listings on our real estate platform. These investment opportunities span a total of 436,770 square feet of properties for sale, with an estimated market value of $59,939,014.

Sale prices for stores in Panama City, FL start at $150,000, averaging $1,498,475, and reaching up to $6,493,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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
32404	$864K
32408	$883K
32401	$1.1M
32405	$2.1M

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

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