Residential Land for Sale in Panama City Beach, Florida
8406 Panama City Beach Pkwy, Panama City Beach, FL 32407
A rare opportunity for investors and developers to capitalize on immediate equity and long-term upside. This strategically located property with 200 ft of frontage on high traffic Hwy 98 recently appraised at $4,085,000, yet is being offered for just $3,985,000. Additionally, the current appraisal does not reflect the in-process Development Order (DO) or the significant investment already made toward its approval - specifically for the back 2 acres of the property. Building has the following occupancy: Unit A - (600 Sq.Ft.) Rented, Units B-C (1200 Sq.Ft.) Rented, Units D-E-F (1800 Sq.Ft.) Rented, Unit G (900 Sq.Ft.) Rented, Units H-I + warehouse, (2500 Sq.Ft.) Rented, Units J-K-L + warehouse (owner occupied), Unit M (600 Sq.Ft.) Rented, Unit N (600 Sq.Ft.) Rented! Also, the large billboard pays the building owner $7,500/yr rent. Don't miss this unique opportunity!
Location
- Street address
- 8406 Panama City Beach Pkwy
- County
- Bay County
- Elevation
- 13 feet
Directions
Proceed West from the Hathaway Bridge +/- 1.75 miles on US Hwy 98, bear right onto Panama City Beach Parkway, property on right, or north side of road.
Property details
- Acreage
- 3 acres
- MLS #
- BCAR 776552
- Posted
Parcels
- 27904-010-000
Legal description
G C 2ND ADD BEG 460'W & 439.29' S. OF NE COR OF SEC. TH; S 250' W 200.35' N 250' E 200' TO POB ORB 4474 P 887
Details and features
Listing
- Type
- Residential
Structure
- Sewer
- Public Sewer
- Heating
- Central, Electric
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Breakfast Point | Elementary | — | — |
| Breakfast Point | Middle | — | — |
| Arnold | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 22, 2025 | New listing | $3,985,000 | — | BCAR |