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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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12216 Panama City Beach Pkwy , Panama City Beach, FL 32407
$2,855,000
Est. Payment: $14,480.02/mo
0 Bed
0 Bath
13125 Sqft
Status: active | Days on site: 247
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

' 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.

Highlights

Listed by Justin Cater LLC , 850-819-7445 EXP Realty LLC , 888-883-8509. Bay County Association of REALTORS

Property Type

Commercial Sale

Lot/Acreage
1.54

Year Built

1996

County

Bay

Area

03 - Bay County - Beach

Neighborhood

No Named Subdivision

Listing ID

779594

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Pond on Lot
Zoning:Commercial
Roof:Metal
Sewer:Public Sewer
Principal Interest
$14,480
Taxes
$1,820

Home Price

$2,855,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$571,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$14,480.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,480.02 $1,820.06 $0.00 $16,300.08
Yearly $173,760.26 $21,840.75 $0.00 $195,601.01
Total $5,212,807.68 $655,222.50 $0.00 $5,868,030.18

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:33:19.000Z

© 2026 Bay County Association of REALTORS