000 W. Highway 388, Panama City Beach, FL 32413

$2,600,000
Property Type: Commercial Land Lot Size (sq. ft.): 183,823 Status: Active
Current Price: $2,600,000 List Date: 4/03/2024 Last Modified: 3/27/2026

Overview

Description

Prime 4.22± acre commercial development site on W. Highway 388 in the heart of one of Florida’s hottest markets, West Bay/Panama City Beach and home to Latitude Margaritaville, a mixed use development included in the 110,000± acre Bay-Walton Sector Plan. The site is strategically located just 1.5± miles south of the primary entrance to Latitude Margaritaville and 4± miles west of Northwest Florida Beaches International Airport. Convenient access just 700± feet east of the Highway 79 corridor and the West Bay Bridge, the gateway to Panama City Beach to the south, and Latitude Margaritaville to the north. Zoned General Commercial (C-3) in Unincorporated Bay County which allows for many commercial uses. Bay County public water and sewer are available along W. Highway 388. There currently is a 2,136± square foot home on the property built in 1975 which may or may not contribute value. This site with its current entitlements is ready for immediate commercial development.

Listing Details MLS# 755176

Location, Tax & Legal

Street #
000
Street Name
W. Highway 388
State
FL
Zip Code
32413
County
Bay
Area
04 – Bay County – North
Subdivision
[No Recorded Subdiv]
Parcel ID
32604-000-000
Legal Description
Long Legal
Sub Area
0411 – Bay North – West Bay
Community/Resort
None
Waterfront
No
Elementary School
West Bay
Middle School
Surfside
High School
Arnold
Directions
From Highway 79 northbound, turn right (east) onto W. Highway 388. Parcels are 500± feet down W. Highway 388 on the right (south side).
HOA Fee
No

Contract Info

List Price/Acre
616113.74
Sub-Type
Vacant Land
List Type
Exclusive Right of Sale
Named Exception
No

General Property Info

Acreage
4.22
Lot Size (SqFt)
183823
Is Subject Leased
No

Remarks & Misc

Remarks
Prime 4.22± acre commercial development site on W. Highway 388 in the heart of one of Florida's hottest markets, West Bay/Panama City Beach and home to Latitude Margaritaville, a mixed use development included in the 110,000± acre Bay-Walton Sector Plan. The site is strategically located just 1.5± miles south of the primary entrance to Latitude Margaritaville and 4± miles west of Northwest Florida Beaches International Airport. Convenient access just 700± feet east of the Highway 79 corridor and the West Bay Bridge, the gateway to Panama City Beach to the south, and Latitude Margaritaville to the north. Zoned General Commercial (C-3) in Unincorporated Bay County which allows for many commercial uses. Bay County public water and sewer are available along W. Highway 388. There currently is a 2,136± square foot home on the property built in 1975 which may or may not contribute value. This site with its current entitlements is ready for immediate commercial development.

Utilities

All Utilities
Yes

More Information

TransportationAccess

2 – Lane
Yes

Property Features

TransportationAccess: 2 – Lane Utilities: All Utilities
Listing Office: Counts Real Estate Group
Last Updated: March – 27 – 2026
Information deemed reliable but not guaranteed.