- For Sale $359,500
- Property Type Retail
- Property Size 7,200 SF
- Units 1
- Lot Size 1 Acre
- Parking Spaces Avail. 16
- Parking Ratio 2.20 / 1,000 SF
- Year Built 2026
- Date Updated Aug 6, 2026
Description
Vacant Lot located on the corner of 5th Street and Center Avenue.Seize this opportunity with a development order in place for a 7,200 SF warehouse/office/showroom or automotive space. Interior buildout and finishes are flexible, tailored to owner or tenant desires. This 1.14± acre parcel, zoned General Commercial in Panama City's Gateway district, sits prominently on the corner of Business 98 and Center Avenue, serving as a pivotal location on this major military corridor. Just 1.5 miles from the Bay Medical Center and two miles from Downtown, this central site lies on the primary artery connecting Downtown Panama City and Tyndall Air Force Base. With Tyndall's projected growth and reconstruction set to increase personnel requirements by over 8,000 service members and their families, this area is primed for remarkable development.Seize this opportunity with a development order in place for a 7,200 SF automotive service or warehouse/showroom space. Interior buildout and finishes are flexible, tailored to tenant desires. This 1± acre parcel, zoned General Commercial in Panama City's Gateway district, sits prominently on the corner of Business 98 and Center Avenue, serving as a pivotal location on this major military corridor. Just 1.5 miles from the Bay Medical Center and two miles from Downtown, this central site lies on the primary artery connecting Downtown Panama City and Tyndall Air Force Base. With Tyndall's projected growth and reconstruction set to increase personnel requirements by over 8,000 service members and their families, this area is primed for remarkable development.
Highlights
- 1.14± Acres Consisting of 2 Vacant Parcels
- Desirable Location Directly on Business 98.
- Development Order in Hand for 7,200± SF Warehouse
- Lot Frontage of 240± Feet and Depth of 230± Feet.
- Only 1.5 miles from Bay Medical Center and the Panama City Police Department.
- Tyndall Air Force Base Service Area.
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Contacts
Chris Clubbs, CCIM, ACoM
Clubbs Real Estate Group
Location
Located at 2303 E 5th Street, Panama City, FL 32401, this property is part of the Millville neighborhood and Pensacola market.
Contact Listing Broker
Chris Clubbs, CCIM, ACoM
Clubbs Real Estate Group