XXX W Highway 98, Panama City, FL 32401 (MLS# 772654)

XXX W Highway 98, Panama City, FL 32401

$4,900,000

Property Type: Commercial Land Lot Size (sq. ft.): 111,949 Status: Active

Current Price: $4,900,000 List Date: 8/20/2025 Last Modified: 3/05/2026

Overview

Description

Exceptional opportunity to acquire 2.57± acres of prime commercial waterfront property, strategically located in Panama City. Zoned General Commercial, this site supports a broad array of development opportunities such as retail centers, professional office complexes, service businesses, wholesale sales, shopping plazas, and more. The zoning is designed to accommodate intensive commercial activity, making it ideal for developers or investors seeking a high-potential waterfront site in a growing market. Boasting a 2024 FDOT Average Daily Traffic Count of 41,500, this high-visibility site offers unparalleled access and exposure for a wide range of commercial ventures. Situated close to major regional landmarks including Hathaway Bridge, the Port of Panama City, Gulf Coast State College, and Florida State University's Panama City campus, this property sits at the crossroads of commerce, education, and infrastructure. Don't miss this rare opportunity to develop a high-impact commercial pr … (Read more)

Listing Details MLS# 772654

Location, Tax & Legal

Street #: XXX
Street Direction: W
Street Name: Highway 98
State: FL
Zip Code: 32401
County: Bay
Area: 02 – Bay County – Central
Subdivision: No Named Subdivision
Parcel ID: 28342-000-000
Legal Description: BAYVIEW ADD LOT 4 LESS E 105' & E 95' OF LOT 5 & PCL OF SUB LAND LYING S OF BLK 20 ORB 3736 P 940 and BAYVIEW ADD E 105' LOT 4 BLK 20 ORB 3736 P 940
Sub Area: 0203 – Bay – Central SW
Community/Resort: None
Waterfront: Yes
Elementary School: Lucille Moore
Middle School: Jinks
High School: Bay
Directions: Located on U.S. Hwy 98 West, 1+/- miles east of the Hathaway Bridge on the south side of the highway across from the Circle K and Suburban Suites Hotel
HOA Fee: No

Contract Info

List Price/Acre: 1906614.79
Sub-Type: Land/Acres
List Type: Exclusive Right of Sale
Named Exception: No

General Property Info

Acreage: 2.57
Lot Size (SqFt): 111949
Is Subject Leased: No

Remarks & Misc

Remarks: Exceptional opportunity to acquire 2.57± acres of prime commercial waterfront property, strategically located in Panama City. Zoned General Commercial, this site supports a broad array of development opportunities such as retail centers, professional office complexes, service businesses, wholesale sales, shopping plazas, and more. The zoning is designed to accommodate intensive commercial activity, making it ideal for developers or investors seeking a high-potential waterfront site in a growing market. Boasting a 2024 FDOT Average Daily Traffic Count of 41,500, this high-visibility site offers unparalleled access and exposure for a wide range of commercial ventures. Situated close to major regional landmarks including Hathaway Bridge, the Port of Panama City, Gulf Coast State College, and Florida State University's Panama City campus, this property sits at the crossroads of commerce, education, and infrastructure. Don't miss this rare opportunity to develop a high-impact commercial property in one of Panama City's most accessible and dynamic locations.

Financing

Cash: Yes
Conventional: Yes

More Information

Lot Features

Cleared: Yes
Waterfront: Yes
Will Divide: Yes

Lot/Parcel Access

Paved Road: Yes
U.S. Highway: Yes

Present Zoning

General Commercial: Yes

Utilities

Electric-3-Phase: Yes
Sewer Available: Yes
Water Available: Yes

Waterfront Type

Bay/Harbor: Yes

TransportationAccess

5 – or More Lanes: Yes

Property Features

TransportationAccess: 5 – or More Lanes Financing: Cash; Conventional Lot Features: Cleared; Waterfront; Will Divide Utilities: Electric-3-Phase; Sewer Available; Water Available Waterfront Type: Bay/Harbor Present Zoning: General Commercial

Listing Office: SOUTHERN WAY REALTY, INC.

Last Updated: March – 05 – 2026

Information deemed reliable but not guaranteed.