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Harrison Lilly Team

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

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2822 Martin Luther King Jr Blvd Ave , Panama City, FL 32405
$1,475,000
Est. Payment: $8,149.16/mo
3.4 Acres
Status: Active | Days on site: 84
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Harrison Lilly Team
Owner/Operator

House Description

Prime 3.4-acre development site boasting 220 feet of frontage on Highway 77, a major four-lane highway carrying approximately 30,000 vehicles per day (per FDOT traffic count data). This shovel-ready parcel offers rare dual access: a median-cut entry directly off Highway 77 for maximum visibility and customer convenience, plus secondary rear access from N MacArthur Ave for deliveries, overflow parking, or a secondary curb cut. Situated less than a mile from Panama City's primary retail corridor -- Target, Kohl's, Planet Fitness, Home Depot, Lowe's, Walmart, Publix, TJ Maxx, and Hobby Lobby -- this location benefits from established co-tenancy and heavy daily traffic. Ready to build, the site is ideal for retail, medical, restaurant, or mixed-use development. Don't miss this opportunity to secure a high-visibility Highway 77 location with strong frontage and excellent surrounding demographics. Power, Water, and Sewer Available.

Highlights

Listed by The Sanchez Group , 850-890-6262 Think Real Estate , 850-270-4200. Bay County Association of REALTORS

Property Type

Vacant Land

Lot/Acreage
3.4

County

Bay

Area

02 - Bay County - Central

Neighborhood

[No Recorded Subdiv]

Listing ID

792429

Questions about this listing?

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Interior Features

Exterior Features

Zoning:County
Principal Interest
$8,149
Taxes
$940

Home Price

$1,475,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$295,000
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:
$8,149.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,149.16 $940.31 $0.00 $9,089.48
Yearly $97,789.95 $11,283.75 $0.00 $109,073.70
Total $2,933,698.52 $338,512.50 $0.00 $3,272,211.02

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: 2026-10-07T08:26:25.000Z

© 2026 Bay County Association of REALTORS