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Property Description
Seize this opportunity with a development order in place for a 7,200 SF automotive service or warehouse/showroom space. Interior buildout and finishes are flexible, tailored to owner or tenant desires. This 1.14± acre parcel, zoned General Commercial in Panama City's Gateway district, sits prominently on the corner of Business 98 and Center Avenue, serving as a pivotal location on this major military corridor. Just 1.5 miles from the Bay Medical Center and two miles from Downtown, this central site lies on the primary artery connecting Downtown Panama City and Tyndall Air Force Base. With Tyndall's projected growth and reconstruction set to increase personnel requirements by over 8,000 service members and their families, this area is primed for remarkable development.
Full Property Details
Full Property Details for 2303 E 5th St
General
- Price: $1
- Status: Active
- Type: Commercial Lease
- Source: Bay_County
- MLS ID: 783047
- Updated: 12/30/2025
- Added to Site: 20 day(s) ago
Parking
- Parking Features: Paved
Location
- County: Bay
- Subdivision: No Named Subdivision
- Driving Directions: Vacant Lot located on the corner of 5th Street and Center Avenue.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Air Conditioning: Yes
Structural Information
- Year Built: 2020
- Property Condition: To Be Built
Lot Features
- Zoning: General Commercial
Disclosures and Reports
- Legal Description: PINECREST ADD LOTS 7-12 LESS N 40' BLK K ORB 4225 P 686 MAP 105D1
- Property ID: 22663-000-000
Listed by Clubbs Real Estate Group LLC
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Schools
Schools serving 2303 E 5th St
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 1.2 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 2.5 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2303 E 5th St
Date
Details
Price
Change
Source
12/30/2025
Listed
$1
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2303 E 5th St
2303 E 5th Street, Panama City, FL 32401 (MLS# 783047) is a Commercial Lease property. 2303 E 5th Street is currently listed for $1 and was received on December 30, 2025. Want to learn more about 2303 E 5th Street? Do you have questions about finding other Commercial Lease real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

