704 W 15th Street, Panama City, FL 32405 (MLS# 786422)

704 W 15th Street, Panama City, FL 32405

$3,200,000

Property Type: Commercial for Sale Square Footage: 20,007 Lot Size (sq. ft.): 352,400 Status: Pending

Current Price: $3,200,000 List Date: 3/06/2026 Last Modified: 4/23/2026

Overview

Description

Positioned along one of Panama City's most recognized commercial corridors, 704 W 15th Street represents a rare opportunity to acquire a substantial, fully improved automotive commercial property in the heart of Bay County's established dealership row. The offering consists of two contiguous parcels totaling approximately 8.09 acres. The improved parcel encompasses 2.53 acres and is developed with a professional office/showroom building and a fully equipped automotive service garage, providing immediate operational capability for a dealership, fleet operator, or service-oriented automotive business. The second parcel comprising 5.56 acres offers significant expansion potential, additional inventory staging, overflow parking, or future development — a premium commodity in this high-demand corridor. The property sits at a prominent corner location with access from both Highway 98 (15th Street) and Florida Avenue Showcase, providing exceptional visibility and ingress/egress for high cu … (Read more) Positioned along one of Panama City’s most recognized commercial corridors, 704 W 15th Street represents a rare opportunity to acquire a substantial, fully improved automotive commercial property in the heart of Bay County’s established dealership row. The offering consists of two contiguous parcels totaling approximately 8.09 acres. The improved parcel encompasses 2.53 acres and is developed with a professional office/showroom building and a fully equipped automotive service garage, providing immediate operational capability for a dealership, fleet operator, or service-oriented automotive business. The second parcel comprising 5.56 acres offers significant expansion potential, additional inventory staging, overflow parking, or future development — a premium commodity in this high-demand corridor. The property sits at a prominent corner location with access from both Highway 98 (15th Street) and Florida Avenue Showcase, providing exceptional visibility and ingress/egress for high customer traffic volumes. It is centrally located amongst the other new car dealers in the county Showcase, making it an ideal home for a new or used car dealership, watercraft dealer, or any automotive-related enterprise seeking to benefit from co-tenancy with established franchise dealers. Property Highlights: Total site: ±8.09 acres across two parcels (2.53 AC improved | 5.56 AC additional) Improved parcel features office/showroom and automotive garage Corner location — dual access from Hwy 98 (15th St) & Florida Avenue Situated within Panama City’s primary automotive retail corridor Excellent visibility and high traffic counts on a major arterial highway Suited for auto dealership, powersports, watercraft, fleet, or service operations This property offers the scale, infrastructure, and strategic location rarely available in Panama City’s competitive automotive market. Whether for owner/operator use, investment, or redevelopment, 704 W 15th Street delivers a compelling combination of improved facilities and raw land in one of Bay County’s most active commercial destinations.

Listing Details MLS# 786422

Contract Info

List Price/SqFt: 159.94
Sub-Type: Other

Location

Area: 02 – Bay County – Central
Street #: 704
Street Direction: W
Street Name: 15th
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 14210-000-000
Elementary School: Northside
Middle School: Jinks
High School: Bay
Directions: From Hwy 231 South, turn Right (Westbound) on Hwy 98. Located at the intersection of 98 and Florida Ave
Legal Description: 32 3S 14W -52- 91D3 BEG 430' W BEG 430' W & 40' N OF SE COR OF SW1/4 TH W 269' N 95' NWLY 40.3' W 73.2' N 370' E 162.2' S 274' E 200' S 226' TO POB ORB 973 P 1535 ORB 1490 P 260

General Property Info

List Class: Other
Construction Status: Construction Complete
Acreage: 8.09
SqFt Tot Bldg: 20007
Year Built: 1995

Status Change Info

Under Contract Date: 2026-04-20

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Positioned along one of Panama City's most recognized commercial corridors, 704 W 15th Street represents a rare opportunity to acquire a substantial, fully improved automotive commercial property in the heart of Bay County's established dealership row. The offering consists of two contiguous parcels totaling approximately 8.09 acres. The improved parcel encompasses 2.53 acres and is developed with a professional office/showroom building and a fully equipped automotive service garage, providing immediate operational capability for a dealership, fleet operator, or service-oriented automotive business. The second parcel comprising 5.56 acres offers significant expansion potential, additional inventory staging, overflow parking, or future development — a premium commodity in this high-demand corridor. The property sits at a prominent corner location with access from both Highway 98 (15th Street) and Florida Avenue Showcase, providing exceptional visibility and ingress/egress for high customer traffic volumes. It is centrally located amongst the other new car dealers in the county Showcase, making it an ideal home for a new or used car dealership, watercraft dealer, or any automotive-related enterprise seeking to benefit from co-tenancy with established franchise dealers. Property Highlights: Total site: ±8.09 acres across two parcels (2.53 AC improved | 5.56 AC additional) Improved parcel features office/showroom and automotive garage Corner location — dual access from Hwy 98 (15th St) & Florida Avenue Situated within Panama City's primary automotive retail corridor Excellent visibility and high traffic counts on a major arterial highway Suited for auto dealership, powersports, watercraft, fleet, or service operations This property offers the scale, infrastructure, and strategic location rarely available in Panama City's competitive automotive market. Whether for owner/operator use, investment, or redevelopment, 704 W 15th Street delivers a compelling combination of improved facilities and raw land in one of Bay County's most active commercial destinations.

More Information

Construction/Siding

Aerated Concrete: Yes
Block: Yes

Energy

AC – 2 or More: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

Business: Yes
General Commercial: Yes

Accessibility Features

Accessible Approach with Ramp: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – HVAC: Yes

Transport. Access

4-Lane: Yes
Median Cut: Yes

Property Features

Accessibility Features: Accessible Approach with Ramp Energy: AC – 2 or More Financing: Cash; Conventional Present Zoning: Business; General Commercial

Listing Office: Nations Real Estate, Inc

Last Updated: April – 23 – 2026

Information deemed reliable but not guaranteed.