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    Panama City, FL
    Retail

    Panama City, FL Retail Space for Sale

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    20 properties
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    Corner Storefront Building
    Updated: Sep 23, 2025
    Corner Storefront Building

    4018 W Hwy 98 Street, Panama City, FL 32405

    $995,000
    3,706 sqft 0.55 AC lot
    3,706‑square‑foot storefront building on a 0.55‑acre property
    Approximately 50 +/- parking spaces on site
    Corner‑lot position along Hwy 98
    Existing commercial signage in place
    Concrete construction with concrete flooring
    View details
    Three-Level Retail Building
    Updated: Jul 17, 2025
    Three-Level Retail Building

    551 Harrison Avenue, Panama City, FL 32401

    $1,800,000
    31,875 sqft 0.24 AC lot
    Three‑level retail building at 551 Harrison Avenue, Panama City, FL 32401
    0.24‑acre site in Downtown Panama City
    Open‑plan interior with multiple business access points
    Separate upper‑floor entrance from Harrison Avenue
    Freight elevator and accessible elevator installed
    View details
    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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    See what stands out in Bay County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    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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    Dive Shop Storefront Business
    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 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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Scenic 30A Commercial Space
    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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    Laketown Wharf Commercial Unit
    Laketown Wharf Commercial Unit

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

    $843,885
    2,751 sqft

    2679 SF commercial unit suitable for retail or restaurant.

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    Penthouse Retail Condominium Unit
    Penthouse Retail Condominium Unit

    9860 S Thomas Drive C-10, Panama City, FL 32408

    Contact for pricing
    1,536 sqft

    Upper-level condominium unit with existing plumbing, electrical service, and HVAC for commercial or residential build-out.

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    Retail Unit With Dual Entrances
    Retail Unit With Dual Entrances

    9860 S Thomas Drive Unit R-12, Panama City, FL 32408

    $305,865
    1,001 sqft

    Commercial unit at Laketown Wharf with access from Thomas Drive and the lake side.

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    Retail Space with Dunkin' Co-Tenant
    Retail Space with Dunkin' Co-Tenant

    710 North Tyndall Parkway, Panama City, FL 32404

    Contact for pricing
    4,296 sqft

    Retail space available for lease with high traffic location.

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    Commercial Sale
    Commercial Sale

    9860 S Thomas Drive R-11, Panama City, FL 32408

    $305,865
    1,001 sqft

    Conventional restaurants · 1,001 SF

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    Former Restaurant Retail Space
    Former Restaurant Retail Space

    2629 Thomas Drive, Panama City, FL 32408

    Contact for pricing
    6,386 sqft

    Former restaurant property offered for sale with an established retail-space classification.

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    First-Floor Retail & Restaurant Condo
    First-Floor Retail & Restaurant Condo

    100-436 Harrison Ave, Panama City, FL 32401

    $1,200,000

    First-floor commercial condo in The Mashburn Building with retail and restaurant use, under construction in downtown Panama City.

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    Four-Story Mixed-Use Property
    Four-Story Mixed-Use Property

    436 Harrison Avenue Unit 100, Panama City, FL 32401

    $1,200,000

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

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    College Campus Mixed-Use Building
    College Campus Mixed-Use Building

    5102 Collegiate Dr, Panama City, FL 32405

    Contact for pricing
    6,000 sqft

    Nearly 6,000 SF retail and office suites with outdoor seating options and separate second-floor space.

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    Established Dive Shop Business
    Established Dive Shop Business

    104-1016 Thomas Dr, Panama City, FL 32408

    $285,000

    Operating coastal dive business with retail inventory, rental equipment, website, POS system, and commercial certification accounts.

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    Investment Property with Redevelopment Potential
    Investment Property with Redevelopment Potential

    1711 S Thomas Drive, Panama City, FL 32408

    Contact for pricing
    2,700 sqft

    Retail and residential income property with redevelopment opportunities.

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    Retail Building with Drive-Through
    Retail Building with Drive-Through

    2875 W 23rd Street, Panama City, FL 32405

    Contact for pricing

    Freestanding commercial building with an existing drive-through and interior space requiring updates and additional build-out.

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    Highway 77 Retail Property
    Highway 77 Retail Property

    3407 S Highway 77, Panama City, FL 32405

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

    2.1-acre property with retail building and highway frontage.

    View details
    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in Panama City, FL, we suggest to view alternatives - similar 52 Off-Market properties to explore as potential leads.

    Off-Market Properties in Panama City, FL

    Consider similar Off-Market properties in Panama City, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    24 Hub Ln
    RETAIL STORES (PERSONAL SERVICES)

    24 Hub Ln, Inlet Beach, FL 32461-0835

    $265,000
    Estimated value
    360 sqft 0.01 AC lot
    View details
    2509 15th St
    RETAIL STORES (PERSONAL SERVICES)

    2509 15th St, Panama City, FL 32405-6349

    $225,000
    Estimated value
    6,582 sqft 3.74 AC lot
    View details
    1113 Saint Andrews Blvd
    RETAIL STORES (PERSONAL SERVICES)

    1113 Saint Andrews Blvd, Panama City, FL 32405-2164

    $215,000
    Estimated value
    7,504 sqft 2.00 AC lot
    View details
    1217 Harrison Ave
    RETAIL STORES (PERSONAL SERVICES)

    1217 Harrison Ave, Panama City, FL 32401-2432

    $730,000
    Estimated value
    7,505 sqft 0.35 AC lot
    View details

    Panama City, FL Retail Space Market Trends and Statistics

    Explore 72 retail space for sale in Panama City, FL, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 76,598 square feet of properties for sale, with an estimated market value of $15,900,615.

    Sale prices for retail space in Panama City, FL start at $285,000, averaging $1,135,758, and reaching up to $3,195,000 — 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

    Storefront properties 24
    Shopping centers 22
    Automotive properties 17
    Auto shops 10
    Showrooms 4

    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 $587.9K
    32405 $1.1M
    32401 $1.8M

    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

    Retail

    Residential Income

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    Most Searched ZIP Codes in Panama City, FL

    • 32408
    • 32405
    • 32401
    • 32404
    • 32461

    Featured Panama City Real Estate Agencies

    Realmo connects you with licensed Panama City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Full Sail Realty of Northwest Florida
    1514 W. 23rd St, Suite B Panama City, FL 32405
    Phone: 18508194961
    FullSailNWFL.com

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