2822 Martin Luther King Jr Blvd Avenue, Panama City, FL 32405

New Listing
$1,500,000
Property Type: Commercial Land Lot Size (sq. ft.): 148,104 Status: Active
Current Price: $1,500,000 List Date: 7/09/2026 Last Modified: 7/09/2026

Overview

Description

Prime 3.4-acre development site boasting 220 feet of frontage on Highway 77, a major four-lane highway carrying approximately 30,000 vehicles per day (per FDOT traffic count data). This shovel-ready parcel offers rare dual access: a median-cut entry directly off Highway 77 for maximum visibility and customer convenience, plus secondary rear access from N MacArthur Ave for deliveries, overflow parking, or a secondary curb cut. Situated less than a mile from Panama City’s primary retail corridor — Target, Kohl’s, Planet Fitness, Home Depot, Lowe’s, Walmart, Publix, TJ Maxx, and Hobby Lobby — this location benefits from established co-tenancy and heavy daily traffic. Ready to build, the site is ideal for retail, medical, restaurant, or mixed-use development. Don’t miss this opportunity to secure a high-visibility Highway 77 location with strong frontage and excellent surrounding demographics. Power, Water, and Sewer Available.

Listing Details MLS# 792429

Location, Tax & Legal

Street #
2822
Street Name
Martin Luther King Jr Blvd
Street Suffix
Avenue
State
FL
Zip Code
32405
County
Bay
Area
02 – Bay County – Central
Subdivision
[No Recorded Subdiv]
Parcel ID
12865-010-000
Legal Description
28 3S 14W -8.16- 104B ST AND BAY DEV CO PLAT LOT 45 LESS E 50' FOR RD R/W & LESS PCL -8.2- ORB 4729 P 1965
Sub Area
0201 – Bay – Central NE
Community/Resort
None
Waterfront
No
Elementary School
Hiland Park
Middle School
Mowat
High School
Bay
Directions
On Highway 77
HOA Fee
No

Contract Info

List Price/Acre
441176.47
Sub-Type
Unimproved Commercial
List Type
Exclusive Right of Sale
Named Exception
No

General Property Info

Site Dimensions
205.0 ft x 500.0 ft
Acreage
3.4
Lot Size (SqFt)
148104
Is Subject Leased
No

Remarks & Misc

Remarks
Prime 3.4-acre development site boasting 220 feet of frontage on Highway 77, a major four-lane highway carrying approximately 30,000 vehicles per day (per FDOT traffic count data). This shovel-ready parcel offers rare dual access: a median-cut entry directly off Highway 77 for maximum visibility and customer convenience, plus secondary rear access from N MacArthur Ave for deliveries, overflow parking, or a secondary curb cut. Situated less than a mile from Panama City's primary retail corridor — Target, Kohl's, Planet Fitness, Home Depot, Lowe's, Walmart, Publix, TJ Maxx, and Hobby Lobby — this location benefits from established co-tenancy and heavy daily traffic. Ready to build, the site is ideal for retail, medical, restaurant, or mixed-use development. Don't miss this opportunity to secure a high-visibility Highway 77 location with strong frontage and excellent surrounding demographics. Power, Water, and Sewer Available.

Financing

Cash
Yes
Conventional
Yes

More Information

Lot Features

Cleared
Yes

Lot/Parcel Access

Paved Road
Yes
State Highway
Yes

Present Zoning

County
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Sale Type

As Is
Yes

TransportationAccess

4 – Lane
Yes
Divided Highway
Yes
Median Cut
Yes
State Road
Yes

Property Features

TransportationAccess: 4 – Lane; Divided Highway; Median Cut; State Road Financing: Cash; Conventional Lot Features: Cleared Sale Type: As Is Utilities: Sewer Available; Water Available Present Zoning: County
Listing Office: Think Real Estate
Last Updated: July – 09 – 2026
Information deemed reliable but not guaranteed.