2367 N Sherman Avenue, Panama City, FL 32405 - Photo 1

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$230,000

For Sale
Active
Commercial Land
1.02 Acres

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Property Description

Development Opportunity in Panama City FL. High and Dry commercial land that is development-ready with 285+/- ft of frontage on Sherman Ave. No flood zone or wetlands. Partially cleared. Construction and Engineering plan already in place with development order currently under review for a 5,400 SF warehouse/office with office and parking . Commercially zoned property is suitable for multiple commercial uses and may be used for other purposes than the plan described here. Zoned C3-A Commercial. Construction Plan available Upon Request. This includes: Site plan, Grading plan, Utility plan, Stormwater Management plan, Erosion Control, Landscape plan, Construction details and more. Engineering and construction plan is optional but may convey to buyer with offer. Development Plan is currently under review with Bay County. No construction has been started. All information here is believed to be reliable. Buyer should verify all important figures including measurements, property lines, and"‹"‹""‹"‹"‹"‹""‹""‹"‹"‹""‹""‹""‹"‹"‹""‹"‹ usage.

Full Property Details

Full Property Details for 2367 N Sherman Ave

General

Price: $230,000
Status: Active
Type: Commercial Land
Source: Bay_County
MLS ID: 770270
Updated: 10/13/2025
Added to Site: 356 day(s) ago

Location

County: Bay
Subdivision: [No Recorded Subdiv]
Driving Directions: From 231, head South on East Avenue. In a half-mile, turn right onto Sherman Ave. In about 100 yards, the property is on the right. First parcel after the Buffalo Rock Entrance. *NOTE: Two addresses exist for 2367 Sherman Ave. Subject property is the one with frontage on Sherman Ave. Access via the Next driveway after Buffalo Rock Entrance

Community

Community Name: 02 - Bay County - Central

Lot Features

Lot Size (Acres): 1.02
Lot Size (Sq. Ft.): 44,601
Lot Size: 1.02
Zoning: Commercial, General Commercial

Disclosures and Reports

Legal Description: HIGHLAND CITY COMM AT SE COR LOT 11 BLK 32 TH E 1052.81', N 107.33', S87E 454.31' FOR POB TH S87E 70.59' N28E 137.56', S61E 127.32' TO W ROW LI OF SHERMAN AVE TH SW ALG W ROW LI OF SHERMAN AVE 285.77', TH W 112.65', THENCE W 193.66' TO POB ORB 4681 P 81
Property ID: 12696-000-010

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Schools

Schools serving 2367 N Sherman Ave

School District:Bay County School District

Name	Grades	Distance
Cedar Grove Elementary School 2826 East 15th Street, Panama City, FL 32405	PK-5	1.3 mi
Mowat Middle School 1903 County Road 390, Lynn Haven, FL 32444	6-8	2.9 mi
Bay High School 1200 Harrison Avenue, Panama City, FL 32401	9-12	2.4 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 2367 N Sherman Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/13/2025

Price Reduced

$230,000

-4.17%

MLS

3/11/2025

Listed

$240,000

287.1%

MLS

8/02/2024

Sold

$62,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 2367 N Sherman Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$640

46%

$51,740

45%

2024

$439

100%

$35,571

42%

2023

100%

$25,050

24%

2022

100%

$20,158

-11%

2021

100%

$22,709

—

2020

-100%

$22,709

-4%

2017

$294

-3%

$23,700

—

2016

$302

—

$23,700

—

Disclaimer: Historical tax 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 2367 N Sherman Ave

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2367 N Sherman Avenue, Panama City, FL 32405 (MLS# 770270) is a Commercial Land property with a lot size of 1.02 acres. 2367 N Sherman Avenue is currently listed for $230,000 and was received on March 13, 2025. Want to learn more about 2367 N Sherman Avenue? Do you have questions about finding other Commercial Land 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.

2367 N Sherman Ave Panama City, FL 32405