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Improved Mixed-Use Land for Sale in Panama City, Florida
5711 E Highway 98, Panama City, FL 32404
$10,450,000
1.88 acres
Active sale
Est $60,010/moProperty has been re-built from the ground up; so everything is brand new even the parking lot. This opportunity is about 95% complete. The asking price is about half of the true value. 90 rooms and another 6 or so comprising of the Lobby, Electrical, Washer and Dryer area etc. All of the furniture is in and the TV's are hung. It was formerly known as The Labrisa Inn. It is located just down the street from the new Tyndall Air Force Base. More pics and drone footage coming soon...
32,400
Sq feet
2025
Built
Location
- Street address
- 5711 E Highway 98
- County
- Bay County
- Zip code
- 32404
- Elevation
- 30 feet
Directions
3 miles West of Tyndall Air Force Base on your right off of Tyndall Pkwy / Hwy 98 E.
Property details
- Acreage
- 1.88 acres81,893 sq ft
- Zoning
- General Commercial
- MLS #
- BCAR 788472
- Posted
Parcels
- 25818-040-000
Legal description
24 4S 14W -67.4- 119D4 BEG WLY COR LOT 7 BAY FRONT U-5 TH NELY 411.42' NWLY 199.89' SWLY 409.42' SELY 200.02' TO POB ORB 3686 P 1089
Details and features
Listing
- Type
- Residential
Lot
- Features
- Cleared
Structure
- Condition
- Under Construction
- Stories
- 2
- Sewer
- Public Sewer
- Materials
- Block, Concrete, Vinyl Siding
- Roof
- Shingle
Nearby schools
| Name | Type |
|---|---|
| Tyndall | Elementary |
| Everitt | Middle |
| Rutherford | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 9, 2026 | New listing | $10,450,000 | — | BCAR |
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