The median home value in Panama City, FL is $305,000.
This is
higher than
the county median home value of $285,000.
The national median home value is $308,980.
The average price of homes sold in Panama City, FL is $305,000.
Approximately 46% of Panama City homes are owned,
compared to 40% rented, while
13% are vacant.
Panama City real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Panama City real estate agent to arrange a tour today!
Learn more about Panama City.
INVESTMENT PROPERTY, INVESTMENT INCOME !!This commercial delight boasts a total of 9 units - 7 one-story units each featuring 3 well-proportioned bedrooms and 3 bathrooms, alongside 2 sizable two-story units, hosting 4 bedrooms and 3 baths each. Every unit unfolds with a blend of stylish design, functionality, and top-notch finishes.This property has over 13,000 heated and cooled sqft area to rent out and produce income !
Beautiful Church in St. Andrews with Fellowship Hall, complete kitchen, and 12 classrooms. With renovation and new addition in 2005, this building is well built, designed, maintained, and features many extras. Additional parcel with address as 3007 W. 14th St, Parcel ID#: 29959-000-000 conveys with offering. Has been used as Parking lot and is zoned Commercial. Sanctuary seating is posted as up to 165.
ZONED - GENERAL COMMERCIAL! OWNER FINANCING AVAILABLE WITH $5,000 down. Located just north of Cherry St. Flood zone X (no required flood insurance).
Vacant corner lot topped with gravel and close to downtown. One block south of Bay High School. Zoned General Commercial. 11th street sees 10,500 cars per day. Per Panama City Land Development code Building setbacks are 25' rear, 15' front, 12' sides. The following uses are allowed in GC-1 zoning districts; all other uses are prohibited:1.Neighborhood-scale commercial uses, not to exceed 20,000 square feet of heated and cooled space in size per parcel. Such uses may include:i.Professional office and personal services.ii.Private childcare or day care for children.iii.Commercial recreational facilities.iv.Grocery and convenience retail such as beauty parlor, barber shop, laundromat, dry cleaner, and other retail establishments meant to serve the immediate vicinity.v.Athletic clubs, dance or music studios.vi.Food establishments without a drive-thru window.vii.Public utilities customarily found in residential areas.viii.Other similar uses serving the neighborhood area.Call your favorite hard working realtor to make an offer today. All information beleived to be accurate but buyer to verify any details if important.
This historic 2 story building in downtown Panama City is located only a block from the bay and Panama City Marina. There is a lot of opportunity waiting for the new buyers with this versatile property such as retail business on the 1st floor and residential on second floor. There is even a walk in vault/safe on the first floor. The second floor has offices studded out currently.
BAY FRONT COMMERCIAL FREE-STANDING BUILDING, 3,492 sq. ft. sits on over an ACRE. Honestly a Gorgeous Bayfront Acre! Houses various Palm trees and the back half is more of a Sandy Beach area. Large parking area that can be refurbished for plenty of Parking spaces. Formerly a restaurant/bar available for your imagination to run wild. Property has eastward views over East Bay and 120 bay front footage as well as 120 ft along Business 98. 385 ft. deep. Idea was to Renovate and make it a Beer Garden with Bayfront Outside Beer shack and stage for Live Bands. Conveniently located near the Dupont Bridge and Tyndall AFB. High traffic flow daily, Perfect for a New restaurant, Club or simply use for Large Warehouse space. Buyer and Buyers agent to verify all dimensions and anything deemed important.
Hard to find 2 acre COMMERCIAL lot located on 231 with frontage on both HWY 231 and CR 2301. North Bay County is growing fast and this type of property is going to become scarce. With the growing number of homes being built in the North Panama City area, the need for business is great and this vacant lot has unliited possiblities. The location offers signifcant traffic counts on both HWY 231 and County Road 2301 and with access from both, it allows ease of ingress and egress. Get the exposure your business needs right here at 6725 HWY 231.
Dynamic corner commercial vacant property located directly across street from Dollar General store in the Cove. The Tax ID Parcel # above also includes a second parcel (Tax ID # 20985-010-000) making this a larger L-Shaped property (total near .65 acre). The main rectangular parcel is approximately 164 feet on Cherry Street and near 150 feet deep to alley along rear of property. The adjoining parcel adds near 25 feet x 160 feet piece along the alley and behind the existing office bldg to East (see attached sketch in documents). The total parcel being sold is L-Shaped and just under (7/10ths) of an acre. This property was formerly a a gas station (Jr Foods store and EZ Serve) for many years. See copy of DEP remediation letter acknowledgement in attached Documents. More recently the former building was an Ambulance Company, but the building was seriously damaged by Hurricane Michael (2018) - and the building has since been removed. The property is currently vacant land with multiple concrete pads on site. With soon to be complete Cherry Street rehab and renovation (repaving/landscaping/widened walks...This location would be a great site for commercial business/retail storefront/or office space. Several multi-family property uses are in the area. The current owner has little knowledge about former site usage and has no specifics on prior remediation. Seller has no problem granting buyer site access for environmental audits or other inspections per typical sales contract negotiations. The Cove is a popular and well populated mostly residential area - the right retail or service business should handsomely succeed at this location.
Prime investment property in Panama City, FL, offering +/- 4.22 acres on Hwy 231 at the corner of Jessa Road with approximately 422 feet of frontage. Average annual daily traffic count of 30,500 in unincorporated Bay County. With General Commercial zoning and a median cut directly in front of the site, this parcel is strategically positioned within the path of major development. Close proximity to the FedEx distribution facility, Eastern Industries, Conner Industries, etc. 4.8 miles to Hwy 390 and 8.8 miles to 23rd Street. Great location for many commercial uses including retail, convenience store, restaurant, etc.
Located in the heart of Panama City, this commercial vacant lot offers a blank canvas for your business dreams to flourish. This strategically positioned parcel of land presents an unparalleled opportunity for investors, developers, and entrepreneurs alike. This lot ensures maximum visibility and accessbility, ideal for attracting clientele & maximizing business potential.Don't miss your chance to secure this premium commercial lot and transform it into the cornerstone of your investment opportunity.
75 Feet of premium highway frontage. FDOT Traffic count is 32,500 as of 2022 and is certainly higher now. Eminent domain will affect this property as FDOT is taking a small section of the front, to expand Highway 231. Currently Zoned C-3.
This property is a prime commercial opportunity located in Panama City, FL, offering 21,184 sq ft of under roof space on a 2.5-acre lot. Zoned for mixed use, this property presents an opportunity for a variety of businesses. Fully renovated post-hurricane, ithas a new 24-gauge standing seam metal roof and is constructed using red iron clearspan beams. This construction allows for interior changes to be easily accomplished.Inside, you will find multiple reception areas, executive offices, and a kitchenette. Theopen footprint of the building allows for a wide range of uses for a multitude ofbusinesses. A separate entrance on the left side allows for potential subletting. Parkinglot accommodates 4 spaces per 1000 sq ft with room to expand. All utilities are easilyaccessible, and open roof access allows for modifications.
''Prime Opportunity!'' This vacant commercial lot offers an ideal investment for business development. This lot boasts 1.15 acres of land, with Appx 220 feet of road frontage perfect for constructing your next business venture. Priced to Sell! All measurement are approximate, please verify if important
Large home on a corner lot! Great, convenient location. Zoned ''mixed use'' so it would make a great office space. Currently this is a 3-bedroom 1 bath home. Functional kitchen, inside laundry room, living room and a large family room with fireplace. Large carport! Huge corner lot - just under 1/2 acre. New roof - 2019, but still has some damage from Hurricane Michael. Capitalize on this great deal! (all sizes approximate and taken from public records, buyer to verify any details buyer deems important).
Nestled on the bustling 15th Street, near the vibrant St. Andrews area of Panama City, this commercial gem offers unparalleled opportunities. Spanning 1.1+/- acres on a corner lot, the property features a versatile commercial building totaling 4,918 square feet, with 2,806 square feet heated and cooled. Additionally, a spacious laydown yard at the rear of the property houses a 60'x60' red iron building, perfect for storage or workshop needs.Benefit from exceptional visibility and accessibility, courtesy of an impressive Annual Average Daily Traffic count of 40,000. Zoned C-1, this property offers flexibility for various commercial endeavors, whether it's retail or office space.Explore the potential of this esteemed establishment today and position your business for success in the heart of Panama City's dynamic commercial landscape.
Great Opportunity to Own almost 5 acres and 335 feet on Highway 2301. This is the perfect spot for Neighborhood Commercial. Property currently zoned for mobile homes and townhomes. Bay County stated that can be requested to rezone to Neighborhood Commercial use. FDPT traffic count in 2022 was in excess of 8,000. With all the growth in the area this has probably close to doubled.
Commercial vacant lot on a busy, central street in Panama City! This lot is located near Ascension Sacred Heart Bay and is just a short drive to Downtown Panama City and Downtown Millville. This lot also offers an easy route to Panama City Beach, Lynn Haven, and Hwy 231. This lot would make a fantastic spot for a business with plenty of traffic. Check out this lot today!
Hard to find, 100,000+/- SF manufacturing facility with 8,000 SF of recently built office space attached, on a 12 acre parcel. Overhauled after Hurricane Michael, with new roof, and infrastructure renovations, this offering includes FF&E related to Sellers Textile Printing business. Much of the industry related equipment was replaced following the storm, at an estimated costs of $5 Million dollars. Sales memorandum available on request.
3 lots in central Panama City! These lots are located across the street from Ascension Sacred Heart Bay and are just a short drive to Downtown Panama City and Downtown Millville. These lots offer an easy routeto Panama City Beach, Lynn Haven and Hwy 231- making it a breeze to enjoy all that Bay County has to offer! Check out this property today!
Here is an incredible opportunity to be a part of the Historical Downtown Panama City corridor and the revitalized City Marina area! This building is currently setup as a church with upstairs office and storage space, however the possibilities are endless for potential usages. Formerly 4 separate commercial spaces and can be converted back with some work. Or convert to retail with living above, or an event space with second story waterviews! Or how about a terrace on top restaurant and bar with waterviews? Parking lot with approx 50 spaces! Unheard of downtown! This .74 acre parcel also has a unique alley road access making entry/exit advantageous for multiple businesses. Or remove it all and start from scratch with fresh vision! Building will need foundational work before occupancy. Close to the Martin Theatre, Hotel Indigo, the Marina Civic Center, PC Visitor Center and the upcoming Marina to Marina walking path. Parcels like this do not come available often so don't miss out on this!
Perfect location for trade contractors and other commercial users. This commercial building has been utilized as a cabinet shop since 2002 when the current owners purchased the property. The 2,460 square foot building includes 10 foot eves, single & three-phase power, and a new metal roof in 2019. Property is located in unincorporated Bay County and has public water & sewer. Water is connected to the building and sewer is stubbed next to building but not connected. Building also includes a 15 Ft. x 39 Ft. outdoor covered attached storage area, a detached wood shed, and the shipping container on the east side of the building. The property is being sold AS-IS and is ready for immediate occupancy.
Large lot with all utilities available ready for development. good elevation and access with 230 +/1 feet on Kimbrel Ave. Though previously undeveloped, previously cleared with some growth returned.Owner will finance to qualified Buyer.