4810 W Highway 98, Panama City, FL 32401
$2,400,000
Property Type:
Commercial Land
Lot Size (sq. ft.):
207,781
Status:
Active
Current Price:
$2,400,000
List Date:
1/09/2026
Last Modified:
1/30/2026
Description
Amazing Development Opportunity is Ready for You! In a Prime Location, this 4.77 acre parcel is zoned General Commercial 2. Located in the Gateway Overlay and this property is located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area.
Located just before the Hathaway Bridge in Panama City, this offering fantastic traffic count and visibility when traveling on Hwy 98 East from Panama City or West to Panama City Beach. This parcel offers easy access via 3 different roads, Hwy 98, 19th St, and Brown Ave. Approximately 180 feet frontage on Hwy 98, 580 feet on 19th St, and 375 feet on Brown Ave.
This property is in close proximity to Port of Panama City and Gulf Coast State College and FSU campuses as well as quick access to Historic St. Andrews and the Downtown Panama City area, and Panama City Beach.
This property would be perfect for apartments, hotel, restaurant, retail store or any combination of many different commercial businesses. See more usage details in the documents section of this listing.
Previously, there was a hotel that has been demolished due to damage from Hurricane Michael.
More Information MLS# 783424
Contract Info
List Price/Acre: 503144.65
List Type: Exclusive Right of Sale
Named Exception: No
List Date: 2026-01-07
List Price: $2,400,000
Current Price: $2,400,000
Sub-Type: Vacant Land
Location, Tax & Legal
Sub Area: 0203 – Bay – Central SW
Community/Resort: Bayview Heights
Waterfront: No
Section: 35
Township: 3S
Range: 15W
Elementary School: Lucille Moore
Middle School: Jinks
High School: Bay
Directions: Traveling West on Hwy 98 the parcel is on right immediately prior to the 23rd St. overpass. Traveling from the West, just off the bridge and 23rd St. overpass the property is on left. You can access this parcel from 19th St. , Brown Ave. and Hwy 98. Parcel is immediately adjacent to the East of the CPAR office.
HOA Fee: No
Street #: 4810
Street Direction: W
Street Name: Highway 98
State: FL
Zip Code: 32401
County: Bay
Area: 02 – Bay County – Central
Subdivision: Bayview Add
Parcel ID: 28274-000-000
Legal Description: BAYVIEW ADD 35 3S 15W BEG 277’E & 35.72’S & 446.51′ E OF SW COR OF NW1/4 TH E 546.59′ S 375.40′ W 412.22′ S 225′ NWLY 161.62′ N 418.12′ TO POB ORB 4074 P 2153
General Property Info
Acreage: 4.77
Lot Size (SqFt): 207781
Is Subject Leased: No
Remarks & Misc
Remarks: Amazing Development Opportunity is Ready for You! In a Prime Location, this 4.77 acre parcel is zoned General Commercial 2. Located in the Gateway Overlay and this property is located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area.
Located just before the Hathaway Bridge in Panama City, this offering fantastic traffic count and visibility when traveling on Hwy 98 East from Panama City or West to Panama City Beach. This parcel offers easy access via 3 different roads, Hwy 98, 19th St, and Brown Ave. Approximately 180 feet frontage on Hwy 98, 580 feet on 19th St, and 375 feet on Brown Ave.
This property is in close proximity to Port of Panama City and Gulf Coast State College and FSU campuses as well as quick access to Historic St. Andrews and the Downtown Panama City area, and Panama City Beach.
This property would be perfect for apartments, hotel, restaurant, retail store or any combination of many different commercial businesses. See more usage details in the documents section of this listing.
Previously, there was a hotel that has been demolished due to damage from Hurricane Michael.
Financing
Cash: 1
Conventional: 1
Lot Features
Near Public Boat Ramp: 1
Sidewalk: 1
Within 1/2 Mile to Water: 1
Lot/Parcel Access
City Road: 1
Paved Road: 1
U.S. Highway: 1
Present Zoning
Business: 1
General Commercial: 1
Multi-Family: 1
Other – See Remarks: 1
Utilities
All Utilities: 1
TransportationAccess
2 – Lane: 1
4 – Lane: 1
Divided Highway: 1
Paved: 1
Status Change Info
Status: Active
Property Features
TransportationAccess: 2 – Lane; 4 – Lane; Divided Highway; Paved
Financing: Cash; Conventional
Lot Features: Near Public Boat Ramp; Sidewalk; Within 1/2 Mile to Water
Utilities: All Utilities
Present Zoning: Business; General Commercial; Multi-Family; Other – See Remarks
Listing Office:
ERA Neubauer Real Estate, Inc
Last Updated: January – 30 – 2026
Information deemed reliable but not guaranteed.