8406 Panama City Beach Parkway, Panama City Beach, FL 32407 (MLS# 776552)

8406 Panama City Beach Parkway, Panama City Beach, FL 32407

$3,985,000

Property Type: Commercial for Sale Square Footage: 12,622 Lot Size (sq. ft.): 130,680 Status: Active

Current Price: $3,985,000 List Date: 7/21/2025 Last Modified: 7/26/2025

Overview

Description

A rare opportunity for investors and developers to capitalize on immediate equity and long-term upside. This strategically located property with 200 ft of frontage on high traffic Hwy 98 recently appraised at $4,085,000, yet is being offered for just $3,985,000. Additionally, the current appraisal does not reflect the in-process Development Order (DO) or the significant investment already made toward its approval — specifically for the back 2 acres of the property. Building has the following occupancy: Unit A – (600 Sq.Ft.) Rented, Units B-C (1200 Sq.Ft.) Rented, Units D-E-F (1800 Sq.Ft.) Rented, Unit G (900 Sq.Ft.) Rented, Units H-I + warehouse, (2500 Sq.Ft.) Rented, Units J-K-L + warehouse (owner occupied), Unit M (600 Sq.Ft.) Rented, Unit N (600 Sq.Ft.) Rented! Also, the large billboard pays the building owner $7,500/yr rent. Don’t miss this unique opportunity!

Listing Details MLS# 776552

Contract Info

List Price/SqFt: 315.72
Sub-Type: Income Producing

Location

Area: 03 – Bay County – Beach
Street #: 8406
Street Name: Panama City Beach
Street Suffix: Parkway
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0321 – Beach – North Central
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 27904-010-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Proceed West from the Hathaway Bridge +/- 1.75 miles on US Hwy 98, bear right onto Panama City Beach Parkway, property on right, or north side of road.
Legal Description: G C 2ND ADD BEG 460'W & 439.29' S. OF NE COR OF SEC. TH; S 250' W 200.35' N 250' E 200' TO POB ORB 4474 P 887

General Property Info

List Class: Commercial
Construction Status: Construction Complete
Acreage: 3
Frontage Ft: 200
Lot Depth: 677
Lot SqFt: 135400
SqFt Tot Bldg: 12622
Year Built: 1984

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: A rare opportunity for investors and developers to capitalize on immediate equity and long-term upside. This strategically located property with 200 ft of frontage on high traffic Hwy 98 recently appraised at $4,085,000, yet is being offered for just $3,985,000. Additionally, the current appraisal does not reflect the in-process Development Order (DO) or the significant investment already made toward its approval — specifically for the back 2 acres of the property. Building has the following occupancy: Unit A – (600 Sq.Ft.) Rented, Units B-C (1200 Sq.Ft.) Rented, Units D-E-F (1800 Sq.Ft.) Rented, Unit G (900 Sq.Ft.) Rented, Units H-I + warehouse, (2500 Sq.Ft.) Rented, Units J-K-L + warehouse (owner occupied), Unit M (600 Sq.Ft.) Rented, Unit N (600 Sq.Ft.) Rented! Also, the large billboard pays the building owner $7,500/yr rent. Don't miss this unique opportunity!

More Information

Construction/Siding

Wood/Frame: Yes
Roof – Metal: Yes

Energy

AC – Central Elect: Yes
Heat – Central Electric: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

General Commercial: Yes

Utilities

Electricity – Connected: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Sale Type

As Is: Yes

Business/Property

Sign: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes

Transport. Access

4-Lane: Yes
Paved: Yes

Property Features

Energy: AC – Central Elect; Heat – Central Electric Financing: Cash; Conventional Present Zoning: General Commercial Sale Type: As Is Utilities: Electricity – Connected; Public Sewer – Connected; Water Connected

Listing Office: Gulf Life Real Estate Inc

Last Updated: July – 26 – 2025

Information deemed reliable but not guaranteed.