Mixed-Use Land for Sale in Panama City, Florida
1524 E 5th Business 98 St, Panama City, FL 32401
Great Location off Business Highway 98 with road and water frontage. This Commercial Waterfront parcel Zoned GC-2 fronts Watson Bayou and sits next to the exclusive Watson Landings Marina for your boating needs. New 14 wet slips and custom lifts recently added with power and water to each slip. Hydraulic lifts on slips. More slips can be added going through the proper channels. Can accommodate plus 40 foot boat. All utilities in place with city sewer and water, as there used to be a dwelling on the premises prior to Hurricane. Land has a seawall (250 ft) in place and a 136 foot long boat Dock (deep water access), to include over 250 feet of waterfront. Excellent location and land size to build a storage facility, Retail, multi family or single-family homes as it is zoned Commercial and Mixed Use. Easy water access to Gulf with upscale marina next door for your boat fuel, storage and goods. New City Public Boat Ramp in close vicinity. Will seller finance if needed. Zoned Special Needs with tax incentives.
Location
- Street address
- 1524 E 5th Business 98 St
- County
- Bay County
- Community
- Bayou Plat
- Elevation
- 10 feet
Directions
Go East on Highway 98 and take a right on Martin Luther King Road. Passing Bay Medical on the left, you will take a left at the stop light and follow the road (East Business 98) until you see the vacant land on the right next to Watson Landings Marina.
Property details
- Acreage
- 1.36 acres
- MLS #
- BCAR 759811
- Posted
Parcels
- 22235-000-000
Legal description
10 4S 14W -5- 81A BEG 900' E OF SW COR OF NW1/4 OF NW1/4 TH NWLY 175' ALG S BDRY RD 10 TH SLY AT RT ANGLE TO WATER THSELY ON BAYOU TO PT S OF BEG TH N TO BEG ORB 3510 P 1713
Details and features
Listing
- Type
- Commercial Sale
Lot
- Waterfront
- Seawall
Structure
- Sewer
- Public Sewer
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 23, 2025 | Back on market | $1,850,000 | — | BCAR |
| July 18, 2025 | Under contract | $1,850,000 | — | BCAR |
| Apr 26, 2025 | Price drop | $1,850,000 | $450,000 -19.6% | BCAR |
| Feb 16, 2025 | Price drop | $2,300,000 | $100,000 -4.2% | BCAR |
| Feb 15, 2025 | Back on market | $2,400,000 | — | BCAR |
| Nov 25, 2024 | Under contract | $2,400,000 | — | BCAR |
| Nov 12, 2024 | Price increase | $2,400,000 | $100,000 4.3% | BCAR |
| Sept 21, 2024 | Price increase | $2,300,000 | $100,000 4.5% | BCAR |
| July 12, 2024 | New listing | $2,200,000 | — | BCAR |