3304 Highway 98Panama City, FL 32401

Property Details for 3304 Highway 98

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.87 AC

Property size (Sq ft)

2,292 SF

Zone code

PC09

Property type

Land

Property subtype

Commercial land

APN

28986-000-000

APU

28986000000

Description

This exceptional .86-acre commercial lot, located at 3304 W Highway 98 in Panama City, Florida, offers 37,810 square feet of shovel-ready land with 140 linear feet of highway frontage. Previously a car wash, the property boasts prelim site plans approved for a car wash and is zoned GC1 and GC2, allowing for diverse commercial uses. Permitted uses include, but are not limited to, retail, restaurants, offices, recreation facilities, vehicle dealerships or repair shops, childcare centers, grocery stores, and cannabis dispensing facilities. Situated in Bay County, this property benefits from a robust economy fueled by a strong military presence (seven nearby bases) and the proximity to Northwest Florida Beaches International Airport, currently undergoing a $32.5 million expansion project ("Project Maple") expected to create 250 high-wage jobs with the addition of Premier Aviation. Panama City's designation as the South's #1 Pro-Business Beach Community (Southern Business & Development magazine) further underscores the area's economic vitality. This prime location presents a unique opportunity for significant commercial development in a thriving coastal market. The asking price is $749,900.

• Alternative Use

  Use

  Valuation

  Residential

  $479,998

  Hospitality

  $439,675

  Educational

  $365,805

  Medical

  $378,385

  Retail

  $569,030

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1811

Longitude

-85.7049

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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