Panama City Commercial Parcel
Well-Located Expansion Opportunity in Florida Panhandle
Marketing description
RIPCO Investment Sales is pleased to offer for sale the Panama City Commercial Parcel located in Panama City, Florida. Situated on one parcel along Florida’s Emerald Coast, the site has a lot size of ±0.417 acres. The commercial parcel is adjacent to Stow Pros Self-Storage and offers upside potential with vacant land available for the construction of conventional storage units or the addition of paved and covered parking spaces. The vacant property is currently utilized as a used car lot with a small office building. With 17 housing developments planned within 5 miles of the property, a new operator stands to benefit from the continued in-migrations of retirees, military, and remote workers to Bay County.
Panama City, the largest city between Pensacola and Tallahassee in Northwest Florida’s Panhandle, is known for its coastal charm and vibrant combination of history, arts & culture, and outdoor experiences. Positioned along U.S. Highway 98 on the Emerald Coast, Panama City is the most populated city and a principal city of the Panama City–Panama City Beach, Florida Metropolitan Statistical Area. Panama City’s Tyndall Air Force Base supports jobs and contributes to Panama City’s growth, with military personnel and their families being significant economic drivers in the area. As of December 2025, Port Panama City had a direct $1.6 billion economic impact, creates 11,000 jobs annually, and serves as an economic and supply chain hub that expands its spokes throughout the world. With two major infrastructure projects currently in the pipeline, Port Panama City’s economic impact is poised to strengthen even further. Panama City’s real
estate market has also seen significant growth, driven by demand for vacation homes, hotels, and rental properties. The city’s development efforts, especially after Hurricane Michael (2018), have led to a boom in construction, with new developments aimed at both residents and tourists.
This offering presents a compelling opportunity for investors to acquire a well-located commercial parcel in rapidly growing Bay County. The Panama City Commercial Parcel is your gateway to a promising blend of strategic location, excellent demographics, and prominent visibility.
Address: 2732 East 15th Street, Panama City, FL 32401
Please contact lead agent for details on this listing: Chris Travis ([email protected] | 407.924.1408)
Investment highlights
- Strategically Positioned: Well-located commercial parcel located in Panama City
- Centrally located and offering convenient access to regional hubs including Tallahassee (105 miles), Pensacola (101 miles), and Destin (52 miles)
- Expansion Opportunity: Vacant land of approximately 0.417 acres is available, offering the opportunity for construction of conventional storage units or the addition of paved and covered parking spaces
- Desirable Location: Strategically located near Tyndall Air Force Base, undergoing a $4.9B rebuild to support advanced F-35A operations, driving population and economic growth
- Planned Housing Development: 17 housing developments are planned within approximately 5 miles of the property (TractIQ Report 3/24/26)
- Excellent Demographics & Visibility: Located in rapidly growing Bay County, the city benefits from continued in-migration from retirees, military, and remote workers | 30,000+ AADT along U.S. Route 98/15th Street
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