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Harrison Lilly Team

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

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722 N Martin Luther King Junior Boulevard , Panama City, FL 32401
$650,000
Est. Payment: $3,591.16/mo
3100 Sqft
0.27 Acres
Status: Active | Days on site: 65
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BKWS - B7235
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Harrison Lilly Team
Owner/Operator

House Description

Prime Commercial Property Near Downtown - 10 Bedrooms, 8 Baths, Over 3,000 Sq. Ft. Exceptional opportunity to own or invest in a spacious commercial building offering over 3,000 square feet on a 0.27-acre lot, ideally located just minutes from Downtown, major shopping centers, and the hospital. This versatile property features 10 bedrooms and 8 baths, ready to adapt to a variety of commercial or mixed-use purposes. The layout allows for private offices, client suites, or guest accommodations, complemented by generous common areas and potential on-site parking. The building's solid structure and flexible floorplan make it an excellent fit for professional offices, medical or wellness practices, boutique lodging, or assisted living. With its high-visibility location, convenient access, and ample surrounding amenities, this property offers the perfect balance of functionality and growth potential. Highlights: 3,000+ sq. ft. commercial building 10 bedrooms / 8 bathrooms 0.27-acre lot with expansion or parking potential Minutes from Downtown, hospital, and shopping Ideal for office, medical, hospitality, or mixed-use Don't miss this rare opportunity to establish your business in one of the area's most convenient and thriving locations. Listing is for Both Properties 722 Martin Luther King & 722 1/2 MLK

Highlights

Listed by Will Pender , 850-358-3610 Keller Williams Success Realty , 850-249-0313. Bay County Association of REALTORS

Property Type

Commercial Sale

Lot/Acreage
0.27

Year Built

1998

County

Bay

Area

02 - Bay County - Central

Neighborhood

[No Recorded Subdiv]

Listing ID

787447

Questions about this listing?

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Interior Features

Air Cond:Ceiling Fan(s)
Fireplaces:

Exterior Features

Zoning:General Commercial, Resid Multi-Family
Roof:Asphalt,Pitched,Shingle
Parking Features:Paved
Principal Interest
$3,591
Taxes
$414

Home Price

$650,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$130,000
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:
$3,591.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,591.16 $414.38 $0.00 $4,005.53
Yearly $43,093.88 $4,972.50 $0.00 $48,066.38
Total $1,292,816.29 $149,175.00 $0.00 $1,441,991.29

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: 2026-10-07T08:07:44.000Z

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