8308 Panama City Beach Parkway, Panama City Beach, FL 32407 (MLS# 789768)

8308 Panama City Beach Parkway, Panama City Beach, FL 32407

$4,400,000

Property Type: Commercial Land Lot Size (sq. ft.): 235,224 Status: Active

Current Price: $4,400,000 List Date: 5/12/2026 Last Modified: 5/12/2026

Overview

Description

Exceptional commercial development site located on highly traveled Panama City Beach Parkway in the center of the fastest-growing corridors in Panama City Beach. This high-visibility parcel is zoned GC-3 General Commercial within unincorporated Bay County. The property includes approximately 345 feet of frontage on Panama City Beach Parkway with 700 feet of depth. The annual average daily traffic count is estimated at an impressive 44,500 vehicles. The property provides outstanding flexibility for retail, mixed-use, hospitality/hotel, multi-family, medical, automotive, restaurant, self-storage, office, or large-scale commercial development opportunities. Strategically positioned near the rapidly expanding Publix Sports Park corridor on Chip Seal Parkway, the property benefits from substantial ongoing residential, recreational, and infrastructure growth throughout the surrounding area. The sports complex features championship-caliber soccer and multi-purpose athletic fields t … (Read more) Exceptional commercial development site located on highly traveled Panama City Beach Parkway in the center of the fastest-growing corridors in Panama City Beach. This high-visibility parcel is zoned GC-3 General Commercial within unincorporated Bay County. The property includes approximately 345 feet of frontage on Panama City Beach Parkway with 700 feet of depth. The annual average daily traffic count is estimated at an impressive 44,500 vehicles. The property provides outstanding flexibility for retail, mixed-use, hospitality/hotel, multi-family, medical, automotive, restaurant, self-storage, office, or large-scale commercial development opportunities. Strategically positioned near the rapidly expanding Publix Sports Park corridor on Chip Seal Parkway, the property benefits from substantial ongoing residential, recreational, and infrastructure growth throughout the surrounding area. The sports complex features championship-caliber soccer and multi-purpose athletic fields that attract year-round regional and national tournaments, generating significant visitor traffic and economic impact for the area. The site is also located near the new A. Gary Walsingham Academy Elementary School and continuing residential expansion surrounding the Breakfast Point and Chip Seal Parkway developments, creating strong long-term demand drivers for commercial services, retail, restaurants, medical users, and neighborhood-oriented businesses. Additional area growth is being fueled by ongoing roadway and infrastructure improvements, including the expansion and connectivity plans surrounding Philip Griffitts Parkway and Chip Seal Parkway, designed to improve traffic flow and accessibility throughout Panama City Beach. The property also includes a large building with 9,180 square feet of space. The building includes approximately 5,000 square feet of warehouse, four–12′ x 14′ roll up doors, 14′ clear ceiling height, and 4,000 square feet of office-showroom. The property is currently leased by HERC Rental with the lease expiring on May 31, 2027. Property Highlights • Approximately 345′ of Panama City Beach Parkway frontage • Excellent visibility and accessibility • AADT 44,500 • Minutes from beaches, schools, sports facilities, and major residential growth • Located within a rapidly expanding commercial corridor • Ideal for hospitality, mixed-use, medical, automotive sales, or investment development With continued explosive growth throughout the east end of Panama City Beach and limited remaining commercial frontage opportunities along this corridor, this property represents a premier long-term investment and development opportunity.

Listing Details MLS# 789768

Location, Tax & Legal

Street #: 8308
Street Name: Panama City Beach
Street Suffix: Parkway
State: FL
Zip Code: 32407
County: Bay
Area: 03 – Bay County – Beach
Subdivision: [No Recorded Subdiv]
Parcel ID: 27904-000-000
Legal Description: G C 2ND ADD LOT 9 LESS WLY 200' ORB 3431 P 708
Sub Area: 0321 – Beach – North Central
Community/Resort: None
Waterfront: No
Elementary School: Breakfast Point
Middle School: Surfside
High School: Arnold
Directions: Located on the east-end of Panama City Beach Parkway on the north side. Adjacent to Cube Smart Self Storage and just west of Chip Seal Parkway.
HOA Fee: No

Contract Info

List Price/Acre: 814814.81
Sub-Type: Vacant Land
List Type: Exclusive Right of Sale
Named Exception: No

General Property Info

Site Dimensions: 345' x 700'
Acreage: 5.4
Lot Size (SqFt): 235224
Frontage Feet: 345
Is Subject Leased: Yes

Remarks & Misc

Remarks: Exceptional commercial development site located on highly traveled Panama City Beach Parkway in the center of the fastest-growing corridors in Panama City Beach. This high-visibility parcel is zoned GC-3 General Commercial within unincorporated Bay County. The property includes approximately 345 feet of frontage on Panama City Beach Parkway with 700 feet of depth. The annual average daily traffic count is estimated at an impressive 44,500 vehicles. The property provides outstanding flexibility for retail, mixed-use, hospitality/hotel, multi-family, medical, automotive, restaurant, self-storage, office, or large-scale commercial development opportunities. Strategically positioned near the rapidly expanding Publix Sports Park corridor on Chip Seal Parkway, the property benefits from substantial ongoing residential, recreational, and infrastructure growth throughout the surrounding area. The sports complex features championship-caliber soccer and multi-purpose athletic fields that attract year-round regional and national tournaments, generating significant visitor traffic and economic impact for the area. The site is also located near the new A. Gary Walsingham Academy Elementary School and continuing residential expansion surrounding the Breakfast Point and Chip Seal Parkway developments, creating strong long-term demand drivers for commercial services, retail, restaurants, medical users, and neighborhood-oriented businesses. Additional area growth is being fueled by ongoing roadway and infrastructure improvements, including the expansion and connectivity plans surrounding Philip Griffitts Parkway and Chip Seal Parkway, designed to improve traffic flow and accessibility throughout Panama City Beach. The property also includes a large building with 9,180 square feet of space. The building includes approximately 5,000 square feet of warehouse, four–12' x 14' roll up doors, 14' clear ceiling height, and 4,000 square feet of office-showroom. The property is currently leased by HERC Rental with the lease expiring on May 31, 2027. Property Highlights • Approximately 345' of Panama City Beach Parkway frontage • Excellent visibility and accessibility • AADT 44,500 • Minutes from beaches, schools, sports facilities, and major residential growth • Located within a rapidly expanding commercial corridor • Ideal for hospitality, mixed-use, medical, automotive sales, or investment development With continued explosive growth throughout the east end of Panama City Beach and limited remaining commercial frontage opportunities along this corridor, this property represents a premier long-term investment and development opportunity.

Existing Leases

7 – 12 Months: Yes

More Information

Financing

Cash: Yes
Conventional: Yes

Lot Features

Cleared: Yes
Front Footage: Yes
Level: Yes

Lot/Parcel Access

U.S. Highway: Yes

Present Zoning

County: Yes
General Commercial: Yes

Utilities

All Utilities: Yes

Sale Type

As Is: Yes

TransportationAccess

5 – or More Lanes: Yes
Center Turn Lane: Yes
Divided Highway: Yes
Paved: Yes

Property Features

TransportationAccess: 5 – or More Lanes; Center Turn Lane; Divided Highway; Paved Existing Leases: 7 – 12 Months Financing: Cash; Conventional Lot Features: Cleared; Front Footage; Level Sale Type: As Is Utilities: All Utilities Present Zoning: County; General Commercial

Listing Office: Counts Real Estate Group Inc

Last Updated: May – 12 – 2026

Information deemed reliable but not guaranteed.