Start 2026 with a strong, stabilized income property at 2605 Redwood Street, a well-maintained duplex consisting of two separate buildings, each featuring two apartments for a total of four units. This turnkey asset is fully leased and positioned to deliver immediate and reliable cash flow. The property offers a desirable unit mix of spacious 3-bedroom and 2-bedroom apartments, each with 1-1/2 bathroom. All apartments have been renovated, with new flooring throughout, new kitchen, an Energy saving appliances. appealing to long-term tenants and supporting consistent occupancy. All apartments have been recently renovated, with new flooring throw-out, new kitchen with Energy saving appliances. Recent capital improvements significantly enhance the property's value and reduce near-term maintenance, including brand-new flooring throughout, A/C unit is less than 4 years old, the roof was replaced in 2019, part of the siding on each building has been replaced, a newly installed septic tank. With all apartments currently rented, the property generates an estimated Net Operating Income of $70,000 annually, offering investors an attractive 7% cap rate. The combination of strong in-place income, recent upgrades, and minimal deferred maintenance makes this an ideal acquisition for investors seeking stable returns with limited operational risk. Whether you're expanding an existing portfolio or entering the multifamily market, 2605 Redwood Street represents a compelling opportunity to secure a high-performing asset in the new year. No signs on the property, please do not disturb tenants.
C-3 GENERAL COMMERCIAL ZONING APPROVED. Rare opportunity to acquire approximately 7.834 acres of entitled commercial land located on Allison Avenue in Panama City Beach. The property features approximately 400 feet of road frontage, no wetlands, and is served by municipal water and sewer, significantly reducing development risk and timeline. The site represents a fully entitled commercial development opportunity, positioned along an established corridor with direct connectivity to U.S. Highway 98 (Panama City Beach Parkway). Surrounding zoning includes commercial to the south and residential and public/institutional uses to the north, creating a logical transition location for neighborhood-scale commercial and service development. Property includes a former church structure and is suitable for a variety of commercial uses permitted under C-3 zoning, subject to site plan approval and County development standards. Buyer to verify all permitted uses, density, and development requirements.
The site is positioned in a well-established commercial area with surrounding retail, service, and business uses, making it well-suited for a variety of potential developments, including retail, professional office, service-oriented commercial, or mixed-use concepts (subject to zoning and local approvals). The parcel is currently unimproved, providing a clean slate for development and flexible site planning. With close proximity to major traffic corridors, residential neighborhoods, and the beaches of Panama City Beach, this location benefits from strong area demographics, year-round tourism, and sustained commercial demand. The property lies within the Fire Beach Mosquito Control District and carries no homestead exemption. Property Highlights: Address: 8304 Panama City Beach Parkway,
Looking to be on Front Beach Road between two active hub roads of Panama City Beach, Alf Coleman & Richard Jackson Blvd. This property has so much potential for future development with over half an acre and 158 ft on Front Beach Road. Currently property across the street is undeveloped. Current owner has a golf cart & sling shot business actively running in one of the end spaces. The other end unit has an active tenant. Zoning is CH Commercial High Intensity. Future widening of Front Beach Road has not been completed, but seller is working with the city to determine all the details.
The structure is a Class A, Retail/Office, 6,901 square feet building with tremendous upside. It is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one-piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The complex also has ample parking and excellent signage on Thomas Drive. The building consists of 2 units with one at 4985 square feet and the other at 1916 square feet. Taylor's Restaurant (previously Egg & I Restaurant) currently occupies the 4985 square feet unit. They are currently in their 3rd 5-year lease term. Realty One Group of the Emerald Coast occupies the remaining 1916 square feet of the building. They have a 2-year lease which ends Sept 2025.
Rare opportunity to acquire AN industrial warehouse, tallest in county, located within Beach Commerce Park Offered at $6,590,000, this owner-occupied facility can be vacated at closing, What sets this property apart is its extraordinary clear height, measuring approximately 48 feet at the center of the building and 41 feet at the lowest point, far exceeding standard warehouse heights. Typical industrial buildings in the area range from 18-24 feet clear, with newer construction rarely exceeding 30-32 feet. This dramatic vertical advantage creates exponentially more usable storage volume, building features a large clear-span layout, steel-frame construction, concrete slab foundation, metal panel exterior, and multiple overhead roll-up doors
Ideal ''Man Cave'' for the Car enthusiast or small buisness owner. A prime 2,000 SF Office/Warehouse Condo ('Flex Space') now available for sale at 169 Griffin Boulevard, Unit B-116 in Panama City Beach, Florida. This versatile property has outstanding upgrades. The entire warehouse has AC installed, extra large grade level 12x12 door, assemetric car lift, built in cabinets and workbench, shared dock-height truck well and vinyl flooring. The condo features a well-designed layout with +/-700 Sq. Ft. of office space and 1,300 Sq. Ft. of warehouse/shop/storage space.
Prime Multi-Parcel Investment with Operating Restaurant on Front Beach Road Exceptional opportunity to acquire five parcels being sold together (Parcel IDs: 36556-010-000 36554-010-000 36554-072-000 36556-000-000 36557-000-000), including a fully operational restaurant, Pho Pier 77, with an existing lease in place through 2029. The land and building convey with the sale, along with select equipment currently located within the restaurant building (to be confirmed), offering immediate income with long-term stability. Located at 19932 Front Beach Rd, Panama City Beach, FL 32413, the property benefits from a high-visibility position along one of Panama City Beach's primary commercial corridors. Front Beach Road is a major artery serving both residents and the area's strong tourism base, providing consistent traffic exposure and accessibility. Location Highlights & Area Amenities: Proximity to the Gulf of Mexico: Just moments from Panama City Beach's renowned white-sand beaches and public beach access points. Strong Tourism Market: Situated in a well-established coastal destination known for year-round visitors, seasonal events, and recreational attractions. Surrounding Development: The area features a mix of commercial, hospitality, and residential properties, supporting steady demand and visibility. Accessibility: Convenient access to major roadways and within a reasonable drive of Northwest Florida Beaches International Airport. Future Potential: Additional parcels included in the sale may offer future development, expansion, or land-banking opportunities, subject to zoning and local approvals. This offering presents a rare combination of income-producing property and additional land holdings in a highly desirable beach market, making it well-suited for investors, developers, or owner-users seeking long-term upside. Do not disturb tenants. Additional details regarding lease terms, financials, and equipment list available upon request with executed confidentiality agreement.
Three 50' x 115' lots totaling 0.4 Acres. located at the southeast corner of Upas Street and Beach Drive.----Prime residential and/or Commercial Development Opportunity. Investors, Builders & Entrepreneurs take notice! 🏖️ An exceptional opportunity awaits on Beach Drive in Panama City Beach, just 900 feet from the Gulf of America! The attached site plan includes five +/-1,800 sq. ft. townhomes. Location: Short walk to the Beach, surrounded by new construction homes, high-rise condos, restaurants, public beach access, and major attractions Not in a flood zone - despite being only steps from the beach! Excellent for commercial, mixed-use, or multifamily development. Zoning & Development Details: Zoning: C-1 Neighborhood Commercial within unincorporated Bay County. Density: Up to 15 units per acre. Max Building Height: 35 feet. Impervious Surface Ratio: 60%. Floor Area Ratio: 100% Setbacks: 20 ft. front/rear, 5 ft sides. The adjacent Sunny Side Beach Store is also for sale
Panama City Beach landmark, Mikato Restaurant. The 1.75 acre parcel is a prime location on the East end of Panama City Beach with C-3 General Commercial zoning, 15 units /acre density, building height up to 230'. almost 300' of frontage on Front Beach Rd and 250' on the Thomas Dr/Bay Point exit lane of Hwy 98. Daily traffic count is 25,200. The building is approx. 9,000 SF with seating capacity of 299
The Phillips Portfolio represents a once-in-a-generation opportunity to invest in one of America's most dynamic growth markets. The Portfolio has been strategically assembled to include an inventory of 43 high-value assets. These assets span across Northwest Florida and include residential, commercial, and industrial assets. Structured with current income-producing, in-process development parcels and greenfield land opportunities. The Phillips Portfolio offers above-market return opportunities across the immediate, medium, and long-term investment horizons. Inquire with Listing Agents for full portfolio information. The Kukla property represents one of the last large acreage development opportunities along the NWFL Gulf Coast. Located in the heart of Panama City Beach, this +/-28ac property has frontage along Front Beach Rd (Scenic Hwy 98), Clara Ave, Hutchison Blvd, and Lyndell Lane. The property represents a tremendous opportunity for Build-to-Rent, Resort RV Park, or a myriad of other mixed-use development opportunities. Ideal zoning, proximate to tourism/commercial amenities, schools, and the beaches of Panama City.
Prime Commercial Opportunity - Gulf View Property on Thomas Drive. This rare .54-acre Gulf-view property is zoned C-1 Neighborhood Commercial, offering a wide range of development possibilities. Situated in the heart of Panama City Beach, just 800 feet from the Gulf of America. The 6,985 square foot building includes 0.54 of an acres with 100 feet of frontage on Thomas Drive, extending 235 feet through to Beach Drive. Masonry (concrete block) construction. The second floor includes 3 office/storage rooms, and additional bathrooms. Property Features: • High visibility in a bustling tourist corridor, surrounded by high-rise condos, restaurants, public beach access, and major attractions. Previously operated as a bar/restaurant. Recent renovations include complete build-out and new HVAC system. On-site monument sign. Inventory available for purchase if buyer wishes to maintain the existing Sunny Side Beach Store. The property is high and dry, not in a flood zone, and no wetlands. One block to the Gulf! Zoned C-1 ''Neighborhood Commercial'', which allows for commercial, mixed-use, or multifamily development " Density: Up to 15 units per acre " Maximum Building Height: 35 feet " Impervious Surface Ratio: 60% " Floor Area Ratio: 100% " Setbacks: 20 ft front/rear, 5 ft side. Agent to Agent Remarks:
11770 Panama City Beach Parkway is a highly visible, freestanding retail property situated along the bustling Panama City Beach Parkway, the area's premier commercial corridor. This property offers a unique opportunity for an owner-user or investor looking to secure a prominent position in one of the Gulf Coast's most sought-after markets. Property Highlights: Freestanding Building: Featuring a large, open showroom ideal for retail, service-based businesses, or customizable commercial use. Attractive Design: The stucco façade and expansive storefront windows create a modern and inviting aesthetic that maximizes natural light. Unparalleled Accessibility: Full vehicle access from Panama City Beach Parkway via a dedicated turn lane, as well as secondary access from Alf Coleman Road. High Traffic Counts: Benefit from exposure to approximately 54,000 +/- vehicles daily. Strategic Location: Positioned in the heart of Panama City Beach, surrounded by established businesses, national retailers, and growing residential developments. This property is ideal for a wide range of uses, including retail, showroom, or service operations. Whether you're looking to expand your portfolio or establish a business in a high-growth area, 11770 Panama City Beach Parkway offers unmatched visibility and accessibility.
' Owner financing available' Prime investment opportunity on Panama City Beach Parkway! This 13,125 sq. ft. metal strip center sits on 1.54 acres and offers six versatile rental spaces in varying sizes. Five of the spaces are already leased, with one space currently vacant and ready for a new business, providing additional upside potential. The property is zoned C-3 commercial, allowing for a wide range of business uses. It features ample on-site parking, excellent visibility, and direct frontage along Panama City Beach Parkway with a traffic count of over 100,000 cars per day. Located in the heart of Panama City Beach, this high-traffic corridor is central to the area's busiest commercial activity and just minutes from Pier Park. Rarely does a property of this scale, location, and stability come available—ideal for investors seeking strong rental income with room to grow.
Prime 2.2-Acre Commercial Parcel on Panama City Beach Parkway. Unlock the potential of one of the most sought-after commercial locations in Panama City Beach. This 2.2-acre parcel sits directly on Panama City Beach Parkway (Back Beach Road), offering high visibility and excellent access with frontage on one of the area's busiest corridors. Strategically positioned just minutes from top attractions including Pier Park, Top Golf, and Dolly Parton's Stampede Dinner Theater, this location benefits from heavy year-round traffic and close proximity to the beach, shopping, dining, and entertainment. Zoned for commercial use, this site is ideal for a hotel, restaurant, retail center, or other high-demand development. With utilities available and zoning in place, this is a rare opportunity for developers and investors to secure a premier site in a booming coastal market.
57,328 SF Distribution Center on 4.5 acres with 5,000 SF of offices and showroom. Loading docks with two dock high14-foot roll up doors and two ground level 14-foot overhead doors Built to Suit in 2020 by Reliant South Contractors with full set of construction plans on hand. Currently occupied / shown by appointment only. Photos and plans available on request
Located just west of the Hathaway Bridge in the open air Promenade Mall, this office/retail space is currently configured for an office user, but could easily be built out to accommodate any retail user. Lot 34A is also available for sale.
Located just west of the Hathaway Bridge in the open air Promenade Mall, this office/retail space is currently configured for an office user, but could easily be built out to accommodate any retail user. Lot 34B is also available for sale.
' Owner financing available' Rare opportunity to acquire a premier commercial/industrial property in Beach Commerce Park on the West End of Panama City Beach. Situated on 3.9± acres, this property offers a powerful combination of office, warehouse, and outdoor storage space in one of the area's only planned industrial parks. The improvements include 6,820 sq. ft. of professional office space and a 24,400 sq. ft. warehouse, providing ample room for administration, storage, distribution, or manufacturing operations. In addition, the site features an approximate 1.9-acre lay-down yard ideal for equipment staging, materials, or outdoor operations. Designed with functionality in mind, the property has ample parking and direct access for 18-wheelers and heavy equipment, making logistics and transportation seamless. Beach Commerce Park is a fully serviced development with public underground utilities, recorded covenants, and design standards that ensure a consistent, high-quality setting for businesses. Located just off Panama City Beach Parkway (U.S. Hwy 98), approximately one mile west of Highway 79, the site provides excellent connectivity east and west along the Parkway, as well as quick access north to Interstate 10 and Northwest Florida Beaches International Airport. With Panama City Beach's West End continuing to grow, this property stands out as a one-of-a-kind industrial opportunity. Its scale, versatility, and prime location make it ideally suited for a large construction company, distribution hub, or any enterprise needing significant office, warehouse, and yard space in one of the region's most strategic corridors.
******OWNER WILL FINANCE************ with a qualified Buyer Unit has a average daily traffic counts of 45,500 vehicles, this is a tremendous opportunity to own commercial real estate in the heart of Panama City Beach's massive growth. Whether you are looking for a space for your own business or to buy and hold to lease to someone else, Panama Plaza's location is ideal. Close to the new 87-acre research hospital and a variety of other development, be sure and put this on your list to consider. This particular unit is in excellent condition. Tenant is only responsible for electricity, internet, and phone. Everything else is covered under cam fee.
This 60 lot RV Park is nestled in the heart of Panama City Beach. Only 1 mile from the beach and 3 miles to Pier Park, conveniently located this established business has room to expand 40 more RV lots to make it 100 for a higher NOI. The park is connected to city sewer and water and has an on site general store inside of the registration office. There is a laundry facility on site with showers and bath rooms. Screened in Pool for the guests to enjoy as well as horseshoe pits and outdoor activities. Panama City Beach Parkway is currently being expanded to 6 lanes which will provide ease of access to property when done.
Premier location! OWNER FINANCING AVAILABLE WITH ACCEPTABLE TERMS. Currently the first and second floors are available for owner occupancy. The property also has an additional lot that is included in the sale for parking and enough space to build approximately an additional 3000 sq ft building to increase property income or perfectly sized for large parking garage area allowing the availability to enlarge the existing building for additional usable square footage. Three floors in main building each being a bit over 4000 sq ft. The ground floor space once was a bank and could be up and operational within 30-45 days. The third floor is currently rented long term. The location is premier as it is strategically located between Hwy 79 and Pier Park close to the City Hall and within minutes of the New Hospital on Hwy 79 The sale includes adjoining lot identified as 33478-010-000
Prime Commercial Opportunity in Panama City Beach - Location, Visibility, and High Traffic - All in One Package This high-visibility commercial property perfectly situated in the heart of Panama City Beach, less than 1/4 mile from the shoreline and nestled in one of the area's busiest retail corridors. This strategic location offers unmatched exposure with steady year-round vehicle and pedestrian traffic, driven by a mix of tourists, beachgoers, and locals. Whether you're launching a retail storefront, restaurant, service business, or professional office, this site delivers the ideal environment to attract and retain customers. Key Features: Premier Location: Just 1 block from the beach, with easy access to major roads and public parking High-Traffic Visibility: Surrounded by well-known hotels, restaurants, and popular beach attractions Flexible Zoning: Accommodates a range of commercial uses Well-Established Area: Located in a thriving commercial district frequented by tourists and locals alike Excellent Signage Potential: Maximize brand exposure to foot and drive-by traffic. Don't miss this opportunity to do business at the beach!
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!
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 Central Panhandle Association of Realtors® Multiple Listing Service, Inc. – All Rights Reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 Emerald Coast Association of REALTORS® - All Rights Reserved. Vendor Member Number 28170
The data relating to real estate for sale on this website comes in part from a cooperative data exchange program of the MLS of the Navarre Area Board of Realtors. Real estate listings held by brokerage firms other than Xome Inc. are marked with the listings broker's name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright 2026 Navarre Area Board of Realtors MLS. All rights reserved.
Panama City Beach is located in Florida. Panama City Beach, Florida has a population of 17,882. Panama City Beach is less family-centric than the surrounding county with 24.13% of the households containing married families with children. The county average for households married with children is 27.71%.
The median household income in Panama City Beach, Florida is $70,131. The median household income for the surrounding county is $60,473 compared to the national median of $69,021. The median age of people living in Panama City Beach is 44.8 years.
The average high temperature in July is 90.1 degrees, with an average low temperature in January of 42.9 degrees. The average rainfall is approximately 59.8 inches per year, with 0 inches of snow per year.
