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Harrison Lilly Team

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

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4810 W Highway 98 , Panama City, FL 32401
$2,300,000
Est. Payment: $12,707.17/mo
4.77 Acres
Status: Active | Days on site: 271
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BEN2 - B1573
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

Amazing Development Opportunity is Ready for! In a Prime Location, this 4.77 acre parcel is zoned General Commercial 2. Located in the Gateway Overlay and is located in the Panama City Community Redevelopment Agency Tax Increment Rebate Program area as well. Situated just before the Hathaway Bridge in Panama City offering fantastic traffic count and visibility when traveling on Hwy 98 East from Panama City or West to Panama City Beach. ACCESS: offers easy access via 3 different roads, Hwy 98, 19th St, and Brown Ave. Approximately 180 feet frontage on Hwy 98, 580 feet on 19th St, and 375 feet on Brown Ave. This parcel is in close proximity to Port of Panama City and Gulf Coast State College and FSU campuses as well as quick access to Historic St. Andrews and the Downtown Panama City area, and Panama City Beach. This property would be perfect for a hotel, restaurant, retail store or any combination of many different commercial businesses. See more usage details in the documents section of the listing. Previously, there was a hotel that has been demolished due to damage from Hurricane Michael.
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Highlights

Listed by Deborah A Class , 850-832-4988 ERA Neubauer Real Estate, Inc , 850-872-3434. Bay County Association of REALTORS

Property Type

Vacant Land
Lot/Acreage
4.77

County

Bay

Area

02 - Bay County - Central

 Neighborhood

Bayview Add

Listing ID

783424

Questions about this listing?

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Interior Features

Exterior Features

Zoning:Multi-Family, Other - See Remarks, General Commercial, Business
Principal Interest
$12,707
Taxes
$1,466

Home Price

$2,300,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$460,000
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:
$12,707.17

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,707.17 $1,466.25 $0.00 $14,173.42
Yearly $152,486.02 $17,595.00 $0.00 $170,081.02
Total $4,574,580.74 $527,850.00 $0.00 $5,102,430.74

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: 2026-10-07T14:28:03.000Z

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