2135 E 5th Street, Panama City, FL 32401 (MLS# 786953)

2135 E 5th Street, Panama City, FL 32401

$1,350,000

Unfinished headed and cooled loading area

38-web-or-mls-DJI_20260304124327_0175_D_

Property Type: Commercial for Sale Square Footage: 6,200 Lot Size (sq. ft.): 54,886 Status: Active

Current Price: $1,350,000 List Date: 3/18/2026 Last Modified: 3/30/2026

Overview

Description

388' OF PRIME HWY 98 FRONTAGE • 1.26 ACRE CORNER LOT • FLEXIBLE MIXED-USE ZONING – Position your business on one of Panama City's most visible commercial corridors! Located directly on Business Hwy 98 (E 5th Street) with an AADT of 19,300 vehicles, this 1.26-acre corner property offers an impressive 388' feet of prime highway frontage, providing exceptional visibility, accessibility, and marketing exposure. The fully fenced in property allows two convenient access points for ingress and egress, making the property ideal for customer access, deliveries, and operational logistics. Zoned as Neighborhood Downtown (ND), this flexible mixed-use zoning designation allows for a broad range of potential commercial, residential, and mixed-use development opportunities (more information in document section). The property features roughly 6,200 square feet of total building space, including the main operational building with a reception area, two offices, three bathrooms, and a spacious … (Read more) 388′ OF PRIME HWY 98 FRONTAGE • 1.26 ACRE CORNER LOT • FLEXIBLE MIXED-USE ZONING – Position your business on one of Panama City’s most visible commercial corridors! Located directly on Business Hwy 98 (E 5th Street) with an AADT of 19,300 vehicles, this 1.26-acre corner property offers an impressive 388′ feet of prime highway frontage, providing exceptional visibility, accessibility, and marketing exposure. The fully fenced in property allows two convenient access points for ingress and egress, making the property ideal for customer access, deliveries, and operational logistics. Zoned as Neighborhood Downtown (ND), this flexible mixed-use zoning designation allows for a broad range of potential commercial, residential, and mixed-use development opportunities (more information in document section). The property features roughly 6,200 square feet of total building space, including the main operational building with a reception area, two offices, three bathrooms, and a spacious 52’5” x 32′ open sewing and multi-purpose workspace. The building also includes a 43′ x 44′ receiving and logistics area, currently unfinished but fully equipped with its own HVAC system and two roll-up doors, offering flexible space for storage, production, or distribution operations. In addition, the property includes a separate 1,500-square-foot heated and cooled welding workshop, also equipped with roll-up doors, providing a functional workspace suitable for fabrication and mechanical uses. *Newer HVACs on site and a 2019 metal roof. Located within the Millville Downtown District and just minutes from the revitalized Downtown Panama City waterfront, the property lies within a Community Redevelopment Agency district (CRA), providing potiental incentives and grant programs that may support property improvements or redevelopment. The established business currently operating on the property, is also available for purchase in conjunction with the property; however, the business valuation is separate from the advertised real estate price. Bob’s Top Shop is a well-established custom awning and canvas fabrication business with deep roots in Panama City, known for producing high-quality commercial and residential awnings, marine canvas, and specialty products throughout NW Florida. With decades of brand recognition, repeat clientele, and strong community relationships, this presents a rare opportunity for an owner-operator, contractor, or investor seeking a respected local brand with continued growth potential. Whether you’re interested in acquiring the property as a ready-to-go operation or exploring the many development possibilities for your own business, this highly visible and strategically positioned site offers endless opportunities. Don’t wait, schedule your showing today! Parcels 22284-000-000 & 22704-000-000 being sold together. Buyer to verify all measurements.

Listing Details MLS# 786953

Contract Info

List Price/SqFt: 217.74
Sub-Type: Other

Location

Area: 05 – Bay County – East
Street #: 2135
Street Direction: E
Street Name: 5th
Street Suffix: Street
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0515 – Bay East – Bayou George
Business Name: Bob's Top Shop
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 22704-000-000
Elementary School: Patterson
Middle School: Jinks
High School: Bay
Directions: Headed East from Downtown Panama City, take E Fourth Street going East over the bridge, continue on E Fourth street all the way until the end where it come to the light on E 5th Street (or also called Business 98). Take a right onto E 5th Street until you get to the intersection of E 5th Street and Sherman Ave. Property will be located on your left, store front is Bob's Top Shop.
Legal Description: PINECREST ADD LOTS 11,12 BLK R ORB 1873 P 975 ORB 2868 P 638 MAP 105D1 & 10 4S 14W -53- 81A BEG 54.36' N OF SW COR OF NW1/4 OF NE1/4 TH E 208.5' N 178.08' W 208.5' S 177.34' TO BEG ORB 981 P 253 ORB 2868 P 638. Both Parcels #22704-000-000 & 22284-000-000.

General Property Info

List Class: Commercial
Construction Status: Construction Complete
# of Stories in Building: Yes
Acreage: 1.26
Frontage Ft: 388
SqFt – Warehouse: 1500
SqFt Tot Bldg: 6200
Year Built: 1955

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: 388' OF PRIME HWY 98 FRONTAGE • 1.26 ACRE CORNER LOT • FLEXIBLE MIXED-USE ZONING – Position your business on one of Panama City's most visible commercial corridors! Located directly on Business Hwy 98 (E 5th Street) with an AADT of 19,300 vehicles, this 1.26-acre corner property offers an impressive 388' feet of prime highway frontage, providing exceptional visibility, accessibility, and marketing exposure. The fully fenced in property allows two convenient access points for ingress and egress, making the property ideal for customer access, deliveries, and operational logistics. Zoned as Neighborhood Downtown (ND), this flexible mixed-use zoning designation allows for a broad range of potential commercial, residential, and mixed-use development opportunities (more information in document section). The property features roughly 6,200 square feet of total building space, including the main operational building with a reception area, two offices, three bathrooms, and a spacious 52'5'' x 32' open sewing and multi-purpose workspace. The building also includes a 43' x 44' receiving and logistics area, currently unfinished but fully equipped with its own HVAC system and two roll-up doors, offering flexible space for storage, production, or distribution operations. In addition, the property includes a separate 1,500-square-foot heated and cooled welding workshop, also equipped with roll-up doors, providing a functional workspace suitable for fabrication and mechanical uses. *Newer HVACs on site and a 2019 metal roof. Located within the Millville Downtown District and just minutes from the revitalized Downtown Panama City waterfront, the property lies within a Community Redevelopment Agency district (CRA), providing potiental incentives and grant programs that may support property improvements or redevelopment. The established business currently operating on the property, is also available for purchase in conjunction with the property; however, the business valuation is separate from the advertised real estate price. Bob's Top Shop is a well-established custom awning and canvas fabrication business with deep roots in Panama City, known for producing high-quality commercial and residential awnings, marine canvas, and specialty products throughout NW Florida. With decades of brand recognition, repeat clientele, and strong community relationships, this presents a rare opportunity for an owner-operator, contractor, or investor seeking a respected local brand with continued growth potential. Whether you're interested in acquiring the property as a ready-to-go operation or exploring the many development possibilities for your own business, this highly visible and strategically positioned site offers endless opportunities. Don't wait, schedule your showing today! Parcels 22284-000-000 & 22704-000-000 being sold together. Buyer to verify all measurements.

More Information

Construction/Siding

Block: Yes
Roof – Metal: Yes
Siding – Hardie Board: Yes

Energy

AC – 2 or More: Yes
AC – Central Elect: Yes
Heat – Central Electric: Yes

Other Structures

Workshop: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

Other – See Remarks: Yes

Utilities

Public Sewer – Connected: Yes
Water Connected: Yes

Sale Type

Accept Backup Offers: Yes

Business/Property

Bus Est Five or More Yrs: Yes
Office Area: Yes
Restrooms – Private: Yes
Other – See Remarks: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes
AC – Office: Yes
AC – Warehouse: Yes
AC – Work Space: Yes
Heat – Central Electric: Yes
Heat – HVAC: Yes

Offering Type

Real Estate: Yes
Sale Only: Yes
Other – See Remarks: Yes

Site Description

Aerials Available: Yes
Cleared: Yes
Corner Location: Yes

Transport. Access

4-Lane: Yes

Property Features

Energy: AC – 2 or More; AC – Central Elect; Heat – Central Electric Financing: Cash; Conventional Offering Type: Real Estate; Sale Only; Other – See Remarks Other Structures: Workshop Present Zoning: Other – See Remarks Sale Type: Accept Backup Offers Site Description: Aerials Available; Cleared; Corner Location Utilities: Public Sewer – Connected; Water Connected

Listing Office: Compass Florida, LLC

Last Updated: March – 30 – 2026

Information deemed reliable but not guaranteed.