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    Panama City, FL Shopping Centers for Sale

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    Rosemary Beach, FL Panama City Beach, FL Southport, FL
    Panama City Neighborhood Shopping Center
    $6,493,000
    54,027 SF
    Panama City Neighborhood Shopping Center

    615 N Highway 231, Panama City, FL 32405

    54,027 SF shopping center on 5.18 acres for sale.
    • High Occupancy Rate: 83.13% occupied, providing stable in‑place income.
    • Strategic Location: Situated on 5.18 acres with access points on Hwy 231, Hwy 77, and 19th Street.
    • Significant Size: +/-54,027 SF neighborhood shopping center.
    • Lease Upside Opportunity: +/-9,114 SF office vacancy presents potential for increased income.
    • Recent Upgrades: New roof and HVAC installed in 2019.
    Updated: Apr 1
    View details
    Panama City Shopping Center For Sale
    $6,493,000
    54,027 SF
    Panama City Shopping Center For Sale

    615 Highway 231, Panama City, FL 32405

    54,027 SF shopping center with stable income and upside.
    • 83.13% Occupied with Stable In‑Place Income
    • +/-54,027 SF Neighborhood Shopping Center on +/-5.18 Acres
    • Multiple Access Points (Hwy 231, Hwy 77 & 19th Street)
    • +/-9,114 SF Office Vacancy - Lease Upside Opportunity
    • New Roof and HVAC installed 2019
    Updated: Mar 10
    View details
    Prime Commercial Opportunity on Highway
    $1,250,000
    4.18 Acres
    Prime Commercial Opportunity on Highway

    4.18 acres on a bustling highway near beaches.

    5505 Shores Road, Panama City, FL 32404

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    Income-Producing Commercial Property For Sale
    $2,350,000
    7,919 SF
    Income-Producing Commercial Property For Sale

    Fully leased commercial property with high visibility and strong cash flow.

    1320 N Tyndall Parkway Parkway, Panama City, FL 32404

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    Retail Center with Growth Potential
    Contact for pricing
    96,844 SF
    Retail Center with Growth Potential

    96,844 SF retail center with significant revenue growth opportunity.

    724 W 23rd St, Panama City, FL 32405

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    Based on your search, we've compiled 53 Potential Opportunities for your consideration. Besides 5 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.

    Retail Storefront with Convenient Access
    $1,700,000
    8,960 SF
    Retail Storefront with Convenient Access

    Central Dothan retail storefront with close proximity to major retail, dining, and healthcare employers.

    200 Buyers Drive, Dothan, AL 36303

    View details
    Retail Center in Miramar Beach
    $7,900,000
    2,600 SF
    Retail Center in Miramar Beach

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

    11275 Emerald Coast Pkwy, Miramar Beach, FL 32541

    View details
    Retail Strip Mall For Sale
    Contact for pricing
    23,674 SF
    Retail Strip Mall For Sale

    Retail strip mall with available suites in Dothan, Alabama.

    301 W. Inez Road, Dothan, AL 36301

    View details
    Retail Center in Miramar Beach
    $9,500,000
    Retail Center in Miramar Beach

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

    11275 Emerald Coast Parkway, Miramar Beach, FL 32550

    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 Site
    $199,000
    1.35 Acres
    Highway-Front Commercial Site

    C-3 zoned site on a heavily traveled corridor, with daily vehicle counts supporting strong storefront and signage visibility.

    Highway 231, Panama City, FL 32404

    View details
    Entitled Commercial Land on Allison
    $3,000,000
    342,817 SF
    Entitled Commercial Land on Allison

    7.834 acres of commercial land in Panama City Beach.

    1616 Allison Avenue, Panama City Beach, FL 32407

    View details
    Panama City Beach Commercial Land
    $2,950,000
    7.87 Acres
    Panama City Beach Commercial Land

    7.87 acre commercial land with development potential.

    1616 Allison Ave, Panama City Beach, FL 32407

    View details
    Prime Commercial Parcel in Panama
    $875,000
    2.70 Acres
    Prime Commercial Parcel in Panama

    2.7-acre commercial parcel on Hutchinson Beach Road.

    Hutchison Boulevard, Panama City Beach, FL 32407

    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
    19,938 SF Lot: 3.01 Acres
    Estimated value
    $1,890,000

    3219 Hwy 98, Panama City, FL 32401

    View details
    501 Hwy 231
    WHOLESALE OUTLET, DISCOUNT STORE
    2,532 SF Lot: 1.42 Acres
    Value Estimation by Request

    501 Hwy 231, Panama City, FL 32405-4703

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    360 Tyndall Pkwy
    SHOPPING CENTER, STRIP CENTER
    60,545 SF Lot: 6.90 Acres
    Estimated value
    $2,300,000

    360 Tyndall Pkwy, Panama City, FL 32404-6724

    View details
    2929 Hwy 98
    WHOLESALE OUTLET, DISCOUNT STORE
    6,517 SF Lot: 0.42 Acres
    Value Estimation by Request

    2929 Hwy 98, Panama City, FL 32401-5429

    View details
    401 6th St
    WHOLESALE OUTLET, DISCOUNT STORE
    5,400 SF Lot: 0.33 Acres
    Value Estimation by Request

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

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    1040 15th St
    WHOLESALE OUTLET, DISCOUNT STORE
    5,026 SF Lot: 0.86 Acres

    1040 15th St, Panama City, FL 32405

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    807 15th St
    WHOLESALE OUTLET, DISCOUNT STORE
    1,710 SF Lot: 0.60 Acres
    Value Estimation by Request

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

    View details
    2333 Martin Luther King Jr Blvd
    WHOLESALE OUTLET, DISCOUNT STORE
    71,350 SF Lot: 4.82 Acres
    Estimated value
    $3,725,000

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

    View details
    1820 15th St
    WHOLESALE OUTLET, DISCOUNT STORE
    7,655 SF Lot: 1.06 Acres
    Value Estimation by Request

    1820 15th St, Panama City, FL 32405

    View details
    6801 Hwy 22
    SHOPPING CENTER, STRIP CENTER
    6,000 SF Lot: 0.67 Acres
    Value Estimation by Request

    6801 Hwy 22, Panama City, FL 32404-2369

    View details
    540 Harrison Ave
    WHOLESALE OUTLET, DISCOUNT STORE
    6,327 SF Lot: 0.14 Acres
    Value Estimation by Request

    540 Harrison Ave, Panama City, FL 32401-2622

    View details
    3229 Hwy 98
    WHOLESALE OUTLET, DISCOUNT STORE
    7,171 SF Lot: 1.54 Acres
    Estimated value
    $970,000

    3229 Hwy 98, Panama City, FL 32401-5503

    View details
    2150 Martin Luther King Jr Blvd
    REGIONAL SHOPPING CENTER, MALL
    326,879 SF Lot: 24.39 Acres
    Estimated value
    $7,890,000

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

    View details
    2491 Martin Luther King Jr Blvd
    SHOPPING CENTER, STRIP CENTER
    22,350 SF Lot: 3.22 Acres
    Estimated value
    $3,875,000

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

    View details
    401 A-j 23rd E St
    SHOPPING CENTER, STRIP CENTER
    17,577 SF Lot: 3.41 Acres

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

    View details
    413 23rd St
    WHOLESALE OUTLET, DISCOUNT STORE
    50,616 SF Lot: 4.38 Acres

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

    View details
    1310 15th St
    WHOLESALE OUTLET, DISCOUNT STORE
    18,957 SF Lot: 0.91 Acres
    Estimated value
    $1,450,000

    1310 15th St, Panama City, FL 32405

    View details
    103 23rd St
    SHOPPING CENTER, STRIP CENTER
    7,295 SF Lot: 3.30 Acres
    Estimated value
    $1,600,000

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

    View details
    1213 15th St
    WHOLESALE OUTLET, DISCOUNT STORE
    5,130 SF Lot: 0.35 Acres
    Value Estimation by Request

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

    View details

    Panama City, FL Shopping Centers Investment Opportunities Market Analysis

    Explore 45 shopping centers for sale in Panama City, FL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 115,973 square feet of properties for sale, with an estimated market value of $15,336,000.

    Sale prices for plazas in Panama City, FL start at $2,350,000, averaging $5,112,000, 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.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 24
    Storefront properties 16
    Automotive properties 15
    Auto shops 9
    Parking lots & garages 5

    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 $1.3M
    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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