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Investment Highlights

  • Restrictions maintain quality use mix; auto repair or sales explicitly not allowed.
  • High-visibility frontage along East 5th Street delivering consistent local traffic exposure.
  • Well-positioned in proximity to residential neighborhoods, schools, and commercial services.
  • Central location just minutes from downtown Panama City with convenient access to U.S. Highway 98.
  • Flexible layout suitable for various permitted retail or professional operations.
  • Offered at an attractive price point of $395,000 within a growth-oriented Bay County market.

Executive Summary

This retail/commercial property offers a superb location just minutes from downtown Panama City, situated along East 5th Street, a well-traveled corridor providing visibility and easy access. The asset spans approximately 1,877 square feet on a fee-simple parcel and represents a strong owner/investor opportunity for various retail or professional service concepts. Surrounding neighborhoods comprise a blend of residential and supportive commercial uses, driving consistent traffic to this area. The property benefits from quick access to Business U.S. Highway 98, the primary route into Panama City’s central business district, and lies within proximity to local consumer amenities, schools, and employment hubs.
This site is ideally suited for businesses seeking accessible frontage and practical operational space in a demand-driven market. Positioned within a growing region with substantial vehicular flow, the property offers flexibility for numerous commercial uses within zoning limits. Please note: Auto repair or sales uses are not permitted, maintaining compatibility for other retail or service-driven operations. This listing delivers a rare chance to own a versatile property in one of Bay County’s key trade corridors for $395,000.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,750 SF
Building Class
C
Year Built
1981
Price
$536,410 CAD
Price Per SF
$195.06 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.40 AC
Zoning
GC 1 - General Commercial
Parking
25 Spaces (9.09 Spaces per 1,000 SF Leased)
Frontage
127’ on E 5th St
Somewhat walkable
30/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
23726-000-000
Land Assessment
$117,485 CAD
Improvements Assessment
$235,769 CAD
Total Assessment
$353,254 CAD
  • Listing ID: 40189333

  • Date on Market: 2026-04-17

  • Last Updated:

  • Address: 2717 E 5th St, Panama City, FL 32401

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