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Harrison Lilly

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

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425 Maine Ave , Panama City, FL 32401
$114,000
Est. Payment: $578.19/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 330
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Prime Commercial Opportunity Near Watson Bayou - Cleared Corner Lot in Central Millville Business District Strategically situated at a busy intersection with dual road frontage, the site benefits from excellent accessibility and exposure, boasting a high daily traffic count of 21,500 vehicles (FDOT, 2017). This makes it an ideal location for businesses seeking maximum visibility and customer convenience. Discover the potential of this high-visibility corner parcel located in the heart of the revitalizing Millville Community of Panama City, just steps from the scenic Watson Bayou. Positioned within the Central Millville Business District and zoned General Commercial (GC-2), this cleared property offers unmatched flexibility for a wide range of commercial ventures retail, office, service industry, mixed-use development, and more. Whether you're an investor, developer, or business owner, this property presents a rare opportunity to establish a presence in an area poised for growth, with easy access to Downtown Panama City, major transportation routes, and waterfront attractions. Key Features: Zoned GC-2 - broad commercial use allowances High-traffic corner parcel with superior visibility Cleared and ready for development Two road access points for optimal traffic flow. Close proximity to Watson Bayou and Downtown Panama City Located within a designated business district, fostering economic development This is more than just a parcel it's a platform for your next successful venture.

Highlights

Listed by Mike S Herring , 850-321-0917 Keller Williams Realty Emerald , 850-654-2900. Bay County Association of REALTORS

Property Type

Vacant Land

Lot/Acreage
0.5

County

Bay

Area

02 - Bay County - Central

Neighborhood

Welch Add

Listing ID

775798

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Interior Features

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

Exterior Features

Zoning:Commercial
Principal Interest
$578
Taxes
$73

Home Price

$114,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$22,800
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:
$578.19

Principal

Taxes

Principal Taxes HOA Total
Monthly $578.19 $72.68 $0.00 $650.86
Yearly $6,938.24 $872.10 $0.00 $7,810.34
Total $208,147.14 $26,163.00 $0.00 $234,310.14

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, 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