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Harrison Lilly Team

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

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2367 N Sherman Ave , Panama City, FL 32405
$230,000
Est. Payment: $1,270.72/mo
1.02 Acres
Status: Active | Days on site: 476
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TRE1 - B10975
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Harrison Lilly Team, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Harrison Lilly Team
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House Description

Development Opportunity in Panama City FL. High and Dry commercial land that is development-ready with 285+/- ft of frontage on Sherman Ave. No flood zone or wetlands. Partially cleared. Construction and Engineering plan already in place with development order currently under review for a 5,400 SF warehouse/office with office and parking . Commercially zoned property is suitable for multiple commercial uses and may be used for other purposes than the plan described here. Zoned C3-A Commercial. Construction Plan available Upon Request. This includes: Site plan, Grading plan, Utility plan, Stormwater Management plan, Erosion Control, Landscape plan, Construction details and more. Engineering and construction plan is optional but may convey to buyer with offer. Development Plan is currently under review with Bay County. No construction has been started. All information here is believed to be reliable. Buyer should verify all important figures including measurements, property lines, and​​‌​​​​‌​​‌‌​‌‌​​​‌‌​​‌‌​‌​​​‌​‌ usage.
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Highlights

Listed by Justin Raley , 850-209-7505 Think Real Estate , 850-270-4200. Bay County Association of REALTORS

Property Type

Vacant Land
Lot/Acreage
1.02

County

Bay

Area

02 - Bay County - Central

 Neighborhood

[No Recorded Subdiv]

Listing ID

770270

Questions about this listing?

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Interior Features

Exterior Features

Zoning:Commercial, General Commercial
Principal Interest
$1,271
Taxes
$147

Home Price

$230,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$46,000
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:
$1,270.72

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,270.72 $146.63 $0.00 $1,417.34
Yearly $15,248.60 $1,759.50 $0.00 $17,008.10
Total $457,458.07 $52,785.00 $0.00 $510,243.07

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, 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: 2026-10-07T05:07:46.000Z

© 2026 Bay County Association of REALTORS