704 W 15th Street, Panama City, FL 32405

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Sold Price
$2,575,000
List Price
$3,200,000
Status
CLOSED
Closing Date
Jun 09, 2026
MLS#
786422
Subtype
Commercial Sale
Year Built
1995
Lot Size
352,400
Acres
8.09
Subdivision
No Named Subdivision
Neighborhood
Bay - Central SW
MLS Area Major
Bay County - Central

Property Description

Positioned along one of Panama City's most recognized commercial corridors, 704 W 15th Street represents a rare opportunity to acquire a substantial, fully improved automotive commercial property in the heart of Bay County's established dealership row. The offering consists of two contiguous parcels totaling approximately 8.09 acres. The improved parcel encompasses 2.53 acres and is developed with a professional office/showroom building and a fully equipped automotive service garage, providing immediate operational capability for a dealership, fleet operator, or service-oriented automotive business. The second parcel comprising 5.56 acres offers significant expansion potential, additional inventory staging, overflow parking, or future development -- a premium commodity in this high-demand corridor. The property sits at a prominent corner location with access from both Highway 98 (15th Street) and Florida Avenue Showcase, providing exceptional visibility and ingress/egress for high customer traffic volumes. It is centrally located amongst the other new car dealers in the county Showcase, making it an ideal home for a new or used car dealership, watercraft dealer, or any automotive-related enterprise seeking to benefit from co-tenancy with established franchise dealers. Property Highlights: Total site: ±8.09 acres across two parcels (2.53 AC improved | 5.56 AC additional) Improved parcel features office/showroom and automotive garage Corner location -- dual access from Hwy 98 (15th St) & Florida Avenue Situated within Panama City's primary automotive retail corridor Excellent visibility and high traffic counts on a major arterial highway Suited for auto dealership, powersports, watercraft, fleet, or service operations This property offers the scale, infrastructure, and strategic location rarely available in Panama City's competitive automotive market. Whether for owner/operator use, investment, or redevelopment, 704 W 15th Street delivers a compelling combination of improved facilities and raw land in one of Bay County's most active commercial destinations.

Additional Information

Zoning
Business, General Commercial
Exterior Construction
Block, Concrete
Elementary School
Northside
Middle School
Jinks
High School
Bay

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Listing courtesy of Nations Real Estate, Inc. Selling Office: Nations Real Estate, Inc.