Commercial Land for Sale in Panacea, Florida

Attention developers and savvy investors: this 16.88 I1 zoned property on US-98/Coastal Highway is a rare opportunity to own a high-visibility commercial parcel in a growth corridor. With a 1,200 sq. ft. structure already in place, the site is perfectly suited for redevelopment, expansion, or adaptive commercial use. Three adjacent parcels zoned RSU! are available which would make the total 60.88 acres. Comparable I1 properties along Coastal Hwy have seen strong appreciation, and this location offers immediate access, excellent traffic exposure, and untapped potential. Whether you're considering rental income, a commercial build-to-suit, or future resale, the property's size and zoning flexibility provide a clear path to maximize ROI. Secure 886 Coastal Hwy today and position yourself to capitalize on Wakulla County's commercial growth.