4208 W Highway 98, Panama City, FL 32405

Prime commercial opportunity located at 4208 W. Highway 98, Panama City, FL 32405, on the northeast corner of W. Highway 98 and High Avenue, featuring 133 feet of frontage on W. Highway 98 and 124 feet of frontage on High Avenue. Formerly known as the Unicorn Motel, this property includes 4,682 square feet of concrete block construction across three buildings: one with six units and one with four units - all studio styled units, and a single stand-alone building. Built in 1947, this property is ready for revitalization. Its General Commercial-2 zoning allows for a wide range of uses, giving new owners the chance to breathe fresh life into a corner site that can serve and enhance the surrounding community. The property sits along one of Panama City's busiest corridors, benefiting from a 41,500 average daily traffic count and strong visibility. Its location, frontage, and zoning create a unique opportunity for investors, developers, or business owners seeking a high-exposure site with significant potential.