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    Panama City, FL
    Shopping Center

    Panama City, FL Shopping Centers for Sale

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    Neighborhood Shopping Center
    Updated: Jun 2
    Neighborhood Shopping Center

    Panama City, FL 32405

    $6,493,000
    54,027 sqft 5.18 AC lot
    +/-54,027 SF neighborhood shopping center on +/-5.18 acres (Year built: 1977)
    83.13% occupied with stable in‑place income; +/-9,114 SF office vacancy with lease‑up upside
    Multiple access points along major arteries: Hwy 231, Hwy 77, and a separate lighted intersection at 19th St
    New roof and HVAC installed in 2019
    Parking ratio of 4.37 per 1,000 SF
    View details
    Renovated Office Space in Plaza
    Updated: Jan 27
    Renovated Office Space in Plaza

    615 N Highway 231, Panama City, FL 32405

    Contact for pricing
    54,027 sqft
    Fully built‑out +/-11,956 SF office space with a flexible layout featuring classrooms, conference rooms, private offices, and flex space.
    Renovated in 2019 with new roof and HVAC systems.
    Multiple access points from Highway 231, Highway 77, and 19th Street.
    Ample on‑site parking for staff and visitors.
    High visibility location in Mariner Plaza for business signage and branding.
    View details
    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.

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    Based on your search, we've compiled 49 Potential Opportunities for your consideration. Besides 2 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 40 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Property Near Beach
    Retail Property Near Beach

    415 Richard Jackson Boulevard, Panama City Beach, FL 32407

    $6,100,000
    48,737 sqft 2.86 AC lot

    Retail property with high visibility near major attractions and beach.

    View details
    Commercial Land for Shopping Center
    Commercial Land for Shopping Center

    9534 Highway 79 Street, Panama City Beach, FL 32413

    $1,399,000
    1.00 AC lot

    1-acre parcel positioned across from Margaritaville with planned nearby development and adjacent land also available.

    View details
    10,882 SF Grayton Corners Shopping Center For Sale
    10,882 SF Grayton Corners Shopping Center For Sale

    32 E County Hwy 30A, Santa Rosa Beach, FL 32459

    Contact for pricing
    10,882 sqft 1.39 AC lot

    10,882 SF Grayton Corners Shopping Center For Sale

    View details
    Multi-Tenant Retail Storefronts
    Multi-Tenant Retail Storefronts

    4368 W County Hwy 30A, Santa Rosa Beach, FL 32459

    Contact for pricing

    Six income-producing retail spaces with dedicated patron parking, highly visible from surrounding entertainment and dining uses.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Corner Land
    Commercial Corner Land

    5505 Shores Road, Panama City, FL 32404

    $1,250,000
    4.18 AC lot

    Corner commercial parcel with public sewer and access from Highway 231 and Shores Road.

    View details
    Highway Commercial Land
    Highway Commercial Land

    Highway 231, Panama City, FL 32404

    $200,000
    1.35 AC lot

    C-3 zoning supports retail, office, hospitality, and service uses.

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    1088 Cr 386 S, Mexico Beach, FL 32456

    $2,900,000
    15.00 AC lot

    Acreage along a primary route includes available water service and proximity to the Gulf of Mexico.

    View details

    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.

    3219 Hwy 98
    SHOPPING CENTER, STRIP CENTER

    3219 Hwy 98, Panama City, FL 32401

    Estimated value:
    $1,890,000
    19,938 sqft 3.01 AC lot
    View details
    501 Hwy 231
    WHOLESALE OUTLET, DISCOUNT STORE

    501 Hwy 231, Panama City, FL 32405-4703

    Estimated value:
    $210,000
    2,532 sqft 1.42 AC lot
    View details
    360 Tyndall Pkwy
    SHOPPING CENTER, STRIP CENTER

    360 Tyndall Pkwy, Panama City, FL 32404-6724

    Estimated value:
    $2,300,000
    60,545 sqft 6.90 AC lot
    View details
    2929 Hwy 98
    WHOLESALE OUTLET, DISCOUNT STORE

    2929 Hwy 98, Panama City, FL 32401-5429

    Estimated value:
    $150,000
    6,517 sqft 0.42 AC lot
    View details
    401 6th St
    WHOLESALE OUTLET, DISCOUNT STORE

    401 6th St, Panama City, FL 32401-3022

    Estimated value:
    $360,000
    5,400 sqft 0.33 AC lot
    View details
    1040 15th St
    WHOLESALE OUTLET, DISCOUNT STORE

    1040 15th St, Panama City, FL 32405

    Estimated value:
    $565,000
    5,026 sqft 0.86 AC lot
    View details
    807 15th St
    WHOLESALE OUTLET, DISCOUNT STORE

    807 15th St, Panama City, FL 32405-6101

    Estimated value:
    $150,000
    1,710 sqft 0.60 AC lot
    View details
    2333 Martin Luther King Jr Blvd
    WHOLESALE OUTLET, DISCOUNT STORE

    2333 Martin Luther King Jr Blvd, Panama City, FL 32405

    Estimated value:
    $3,675,000
    71,350 sqft 4.82 AC lot
    View details
    1820 15th St
    WHOLESALE OUTLET, DISCOUNT STORE

    1820 15th St, Panama City, FL 32405

    Estimated value:
    $450,000
    7,655 sqft 1.06 AC lot
    View details
    6801 Hwy 22
    SHOPPING CENTER, STRIP CENTER

    6801 Hwy 22, Panama City, FL 32404-2369

    Estimated value:
    $65,000
    6,000 sqft 0.67 AC lot
    View details
    540 Harrison Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    540 Harrison Ave, Panama City, FL 32401-2622

    Estimated value:
    $175,000
    6,327 sqft 0.14 AC lot
    View details
    3229 Hwy 98
    WHOLESALE OUTLET, DISCOUNT STORE

    3229 Hwy 98, Panama City, FL 32401-5503

    Estimated value:
    $970,000
    7,171 sqft 1.54 AC lot
    View details
    2150 Martin Luther King Jr Blvd
    REGIONAL SHOPPING CENTER, MALL

    2150 Martin Luther King Jr Blvd, Panama City, FL 32405-5331

    Estimated value:
    $7,890,000
    326,879 sqft 24.39 AC lot
    View details
    2491 Martin Luther King Jr Blvd
    SHOPPING CENTER, STRIP CENTER

    2491 Martin Luther King Jr Blvd, Panama City, FL 32405-4405

    Estimated value:
    $3,875,000
    22,350 sqft 3.22 AC lot
    View details
    401 A-j 23rd E St
    SHOPPING CENTER, STRIP CENTER

    401 A-j 23rd E St, Panama City, FL 32405

    Estimated value:
    $3,860,000
    17,577 sqft 3.41 AC lot
    View details
    413 23rd St
    WHOLESALE OUTLET, DISCOUNT STORE

    413 23rd St, Panama City, FL 32405-4574

    Estimated value:
    $4,775,000
    50,616 sqft 4.38 AC lot
    View details
    1310 15th St
    WHOLESALE OUTLET, DISCOUNT STORE

    1310 15th St, Panama City, FL 32405

    Estimated value:
    $1,450,000
    18,957 sqft 0.91 AC lot
    View details
    103 23rd St
    SHOPPING CENTER, STRIP CENTER

    103 23rd St, Panama City, FL 32405-7602

    Estimated value:
    $1,600,000
    7,295 sqft 3.30 AC lot
    View details
    1213 15th St
    WHOLESALE OUTLET, DISCOUNT STORE

    1213 15th St, Panama City, FL 32401-2093

    Estimated value:
    $230,000
    5,130 sqft 0.35 AC lot
    View details
    6218 Hwy 98
    WHOLESALE OUTLET, DISCOUNT STORE

    6218 Hwy 98, Panama City, FL 32404-7433

    Estimated value:
    $225,000
    1,660 sqft 0.32 AC lot
    View details
    7436 Hwy 22
    WHOLESALE OUTLET, DISCOUNT STORE

    7436 Hwy 22, Panama City, FL 32404-2500

    Estimated value:
    $1,075,000
    9,170 sqft 1.83 AC lot
    View details
    2323 15th St
    WHOLESALE OUTLET, DISCOUNT STORE

    2323 15th St, Panama City, FL 32405-6345

    Estimated value:
    $825,000
    9,170 sqft 1.33 AC lot
    View details

    Panama City, FL Shopping Centers Market Trends and Statistics

    Explore 42 shopping centers for sale in Panama City, FL on our real estate platform. These investment opportunities span a total of 108,054 square feet of properties for sale, with an estimated market value of $6,493,000.

    Sale prices for plazas in Panama City, FL average $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 20
    Storefront properties 19
    Automotive properties 13
    Auto shops 8
    Showrooms 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
    32405 $4.3M

    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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    • 32405

    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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