Exceptional opportunity to acquire 4.21+/- 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.
Lot/land
$5,000,000
W Highway 98 W, Panama City, FL 32401
--beds
--baths
4.21Acres
Unimproved Land
Built in ----
4.21 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Prime commercial waterfront propertyHigh-visibility siteHigh-potential waterfront site
- 115 days
- on Zillow |
- 13 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: August 20, 2025 at 06:06am
Listed by:
Seamus J O'neill 850-260-5851,
SOUTHERN WAY REALTY, INC.
Source: CPAR,MLS#: 772654
Originating MLS: Central Panhandle Association of REALTORS

Travel times
Facts & features
Property
Features
- Waterfront features: Bayfront, Gulf Access, Waterfront
Lot
- Size: 4.21 Acres
- Features: Cleared, Split Possible, Waterfront
Details
- Parcel number: 28342000000
- Zoning description: General Commercial
Utilities & green energy
- Electric: 3 Phase
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: No Named Subdivision
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Date on market: 4/28/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
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