For Sale
$849,900

1623 15Th StPanama City, FL 32401

High-traffic corner lot, 3,512 SF retail space

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Panama City retail property, located on Highway 98, offers 3,512 square feet of space in a high-traffic area with nearly 40,000 average daily vehicles passing by. Boasting 125 feet of frontage and a 300-foot depth on a nearly one-acre lot (37,461.6 sq ft), this CG-2 zoned property provides unparalleled visibility. The existing building features a well-appointed interior with a 30-foot solid wood bar, ample seating, seven TVs, and bar equipment. A large 1,184 square foot exterior deck adds versatile outdoor space. Recent upgrades include a 2018 roof replacement, AC unit replacements (2021 and 2023), and main waterline and sewer line replacements (2022). The majority of the lot is cleared, presenting significant redevelopment potential for retail, office, or service-oriented businesses. Priced at $849,900, this property built in 1969 represents a prime investment opportunity in a thriving commercial zone.

Highlights

  • High-traffic Panama City retail property on Highway 98, totaling 3,512 square feet.
  • 125-foot frontage and 300-foot depth on a nearly one-acre lot (37,461.6 sq ft), offering excellent visibility.
  • Existing building features a bar, ample seating, seven TVs, and bar equipment, plus a large 1,184 sq ft outdoor deck.
  • Recent upgrades include a new roof (2018), AC units (2021 & 2023), and water/sewer lines (2022).
  • CG-2 zoning allows for retail, office, or service uses; significant redevelopment potential.
  • Priced at $849,900.

Property Details for 1623 15Th St

Property type
Retail properties
Square Feet
3,512 SF
Year Built
1969

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.1750164
Longitude
-85.6866636
1623 15Th St, Panama City, Florida

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1623 15Th St
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