Retail

Panama City, FL Retail Properties & Spaces for Sale

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Leased Gas Station & Convenience Store
Updated: Sep 11
Leased Gas Station & Convenience Store

2025 W 15th Street, Panama City, FL 32401

$1,200,000
3,520 sqft 0.35 AC lot
3,520‑square‑foot gas station and convenience store property
Situated on 0.35 acres at 2025 W 15th Street
Currently leased under a long‑term commercial agreement
Additional tenant renewal option
Tenant responsible for applicable taxes, insurance, assessments, and extensive repairs
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Flex Space with Showroom
Updated: May 22
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 completed in 2021
7,134 SF warehouse with ceiling heights approaching 21 feet
1,391 SF mezzanine for additional storage or workspace
1,153 SF finished showroom with acoustic ceilings and LED pendant lighting
600‑amp, 240/120V, 3‑phase electrical service with roughly 70% spare capacity
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Auto Shop With Rental Units
Auto Shop With Rental Units

2206 W 15th Street, Panama City, FL 32401

$2,499,000
9,425 sqft 0.80 AC lot

Three-unit commercial property combines an operating repair facility, leased spaces, and a fenced outdoor area.

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Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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Renovation-Ready Storefront Building
Renovation-Ready Storefront Building

540 Harrison Ave, Panama City, FL 32401

$1,000,000
6,327 sqft

Gutted commercial interior offers a renovation-ready storefront with a 2024 re-roof.

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Corner Storefront Building
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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Three-Level Retail Building
Three-Level Retail Building

551 Harrison Avenue, Panama City, FL 32401

$1,800,000
31,875 sqft 0.24 AC lot

Open-plan commercial building with multiple entrances, a freight elevator, and access to public parking.

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Mixed-Use Commercial Building
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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Leased Gas Station Property
Leased Gas Station Property

2025 W 15th Street, Panama City, FL 32401

$1,200,000
3,520 sqft

Operating fuel and convenience retail asset with a long-term commercial lease and tenant renewal option.

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Multi-Building Warehouse Property
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-Focused Retail Space
Dive-Focused Retail Space

1016 Thomas Drive, Panama City, FL 32408

$285,000
0.01 AC lot

Business-only offering with retail inventory, rental equipment, website, POS system, and established certification accounts.

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Multi-Building Warehouse Property
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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Commercial Land With Warehouse Improvements
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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Retail Space with Covered Storage
Retail Space with Covered Storage

3407 S Highway 77, Panama City, FL 32405

$1,300,000
3,600 sqft 2.10 AC lot

Metal building with finished interior, rear vacant land, highway frontage, and access from two points.

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Breakfast Restaurant Commercial Unit
Breakfast Restaurant Commercial Unit

9860 S Thomas Drive R-8, Panama City, FL 32408

$843,885
2,751 sqft

Two entrances connect the space with Thomas Drive and the lake.

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Service-Bay Auto Shop
Service-Bay Auto Shop

Panama City, FL 32405

$555,000
3,375 sqft 0.31 AC lot

The workspace includes service bays, an office area, and room for equipment and customer service.

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Auto Shop with Heated Space
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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Retail Building with Outdoor Bar
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 Highway Frontage
Commercial Land with Highway Frontage

2822 Martin Luther King Jr Blvd Avenue, Panama City, FL 32405

$1,350,000
2.90 AC lot

Dual access from Highway 77 and N MacArthur Ave, with power, water and sewer available.

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Neighborhood Shopping Center
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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Warehouse Property with Retail Space
Warehouse Property with Retail Space

2515 E 15th Street, Panama City, FL 32405

$1,825,000

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

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Renovated Mixed-Use Commercial Opportunity
Renovated Mixed-Use Commercial Opportunity

5420 Hickory St, Panama City, FL 32404

$2,180,000
21,184 sqft 2.50 AC lot

21,184 sq ft mixed-use property in Panama City, FL.

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Storefront Property With Covered Storage
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
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
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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Panama City, FL Retail Properties & Spaces Market Trends and Statistics

Explore 72 retail properties & spaces for sale in Panama City, FL, showcased through 43 active listings on our real estate platform. These investment opportunities span a total of 606,582 square feet of properties for sale, with an estimated market value of $49,064,185.

Sale prices for stores in Panama City, FL start at $250,000, averaging $1,486,793, 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

Shopping centers 21
Storefront properties 19
Automotive properties 15
Auto shops 8
Grocery and convenience stores 3

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
32408 $726K
32404 $743.3K
32405 $1.6M
32401 $1.6M

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)

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