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    Panama City, FL
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    Panama City, FL Shopping Centers for Sale

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    Prime Commercial Opportunity on Highway
    Updated: Dec 27, 2024
    Prime Commercial Opportunity on Highway

    5505 Shores Road, Panama City, FL 32404

    $1,250,000
    4.18 AC lot
    Prime 4.18‑acre corner parcel on Highway 231 and Shores Rd.
    High visibility location north of Highway 390.
    Proximity to the new Publix shopping center and established/new residential communities.
    High traffic counts and convenient access.
    Suitable for various commercial developments.
    View details
    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
    Panama City Neighborhood Shopping Center
    Panama City Neighborhood Shopping Center

    615 N 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.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 51 Potential Opportunities for your consideration. Besides 3 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 4 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.

    Multi-Tenant Retail Center Corner
    Multi-Tenant Retail Center Corner

    11275 Emerald Coast Parkway, Miramar Beach, FL 32550

    $7,900,000
    28,000 sqft

    28,000 SF, 11-unit retail center in Destin/Miramar Beach is fully leased and positioned at a major intersection.

    View details
    End-Cap Retail Storefront
    End-Cap Retail Storefront

    101-4368 W County Highway 30a, Santa Rosa Beach, FL 32459

    $1,495,000

    End-cap retail storefront with dedicated patron parking and prominent positioning on Scenic 30A.

    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
    Retail Center in Miramar Beach
    Retail Center in Miramar Beach

    11275 Emerald Coast Parkway, Miramar Beach, FL 32550

    $9,500,000

    28,000 SF retail center, fully leased, high-traffic location.

    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.

    Highway-Front Commercial Land
    Highway-Front Commercial Land

    Highway 231, Panama City, FL 32404

    $200,000
    1.35 AC lot

    Zoned C-3 commercial land with strong highway exposure and proximity to a general store.

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    Entitled Commercial Land on Allison
    Entitled Commercial Land on Allison

    1616 Allison Avenue, Panama City Beach, FL 32407

    $2,950,000
    342,817 sqft 7.83 AC lot

    7.834 acres of commercial land in Panama City Beach.

    View details
    Prime Commercial Parcel on Parkway
    Prime Commercial Parcel on Parkway

    Panama City Beach Parkway, Panama City Beach, FL 32407

    $2,490,000
    2.20 AC lot

    2.2-acre commercial parcel on Panama City Beach Parkway.

    View details
    Prime Development Parcel Near Gulf
    Prime Development Parcel Near Gulf

    1088 Cr 386 S, Mexico Beach, FL 32456

    $2,900,000
    15.00 AC lot

    15+/- acres, 3,600' to Gulf, ideal for development.

    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

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

    501 Hwy 231, Panama City, FL 32405-4703

    Value Estimation by Request
    2,532 sqft 1.42 AC lot
    View details
    360 Tyndall Pkwy
    SHOPPING CENTER, STRIP CENTER

    360 Tyndall Pkwy, Panama City, FL 32404-6724

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

    2929 Hwy 98, Panama City, FL 32401-5429

    Value Estimation by Request
    6,517 sqft 0.42 AC lot
    View details
    401 6th St
    WHOLESALE OUTLET, DISCOUNT STORE

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

    Value Estimation by Request
    5,400 sqft 0.33 AC lot
    View details
    1040 15th St
    WHOLESALE OUTLET, DISCOUNT STORE

    1040 15th St, Panama City, FL 32405

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

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

    Value Estimation by Request
    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

    $3,725,000
    Estimated value
    71,350 sqft 4.82 AC lot
    View details
    1820 15th St
    WHOLESALE OUTLET, DISCOUNT STORE

    1820 15th St, Panama City, FL 32405

    Value Estimation by Request
    7,655 sqft 1.06 AC lot
    View details
    6801 Hwy 22
    SHOPPING CENTER, STRIP CENTER

    6801 Hwy 22, Panama City, FL 32404-2369

    Value Estimation by Request
    6,000 sqft 0.67 AC lot
    View details
    540 Harrison Ave
    WHOLESALE OUTLET, DISCOUNT STORE

    540 Harrison Ave, Panama City, FL 32401-2622

    Value Estimation by Request
    6,327 sqft 0.14 AC lot
    View details
    3229 Hwy 98
    WHOLESALE OUTLET, DISCOUNT STORE

    3229 Hwy 98, Panama City, FL 32401-5503

    $970,000
    Estimated value
    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

    $7,890,000
    Estimated value
    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

    $3,875,000
    Estimated value
    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

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

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

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

    1310 15th St, Panama City, FL 32405

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

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

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

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

    Value Estimation by Request
    5,130 sqft 0.35 AC lot
    View details
    6218 Hwy 98
    WHOLESALE OUTLET, DISCOUNT STORE

    6218 Hwy 98, Panama City, FL 32404-7433

    Value Estimation by Request
    1,660 sqft 0.32 AC lot
    View details
    7436 Hwy 22
    WHOLESALE OUTLET, DISCOUNT STORE

    7436 Hwy 22, Panama City, FL 32404-2500

    $1,075,000
    Estimated value
    9,170 sqft 1.83 AC lot
    View details

    Panama City, FL Shopping Centers Market Trends and Statistics

    Explore 43 shopping centers for sale in Panama City, FL, showcased through 3 active listings 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 $14,236,000.

    Sale prices for plazas in Panama City, FL start at $1,250,000, averaging $4,745,333, 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 17
    Automotive properties 11
    Showrooms 7
    Auto shops 6

    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 $1.8M
    32405 $6.5M

    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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    • 32405
    • 32404

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