This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/5
$65,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/5
Property Description
$65,000 | CLEARED 0.25 ACRE LOT | HISTORIC MILLVILLE | ND ZONING Rare opportunity to own a cleared 0.25 acre lot measuring approximately 53' x 208' in Historic Millville! Featuring ND (Neighborhood Downtown) zoning, public water & sewer, paved city road access, no HOA, and in Flood Zone X. Located just off US-98 and less than 1/2 mile from Watson Bayou with Gulf access, this property offers an excellent location for potential development or investment. Neighborhood Downtown zoning allows for a variety of potential uses, including commercial, business, entertainment, multi-unit residential, and more. With public utilities already in place, buyers may save significant time and expense during the development process. Existing shed conveys. Enjoy convenient access to Watson Bayou, the public boat ramp, Millville Waterfront Park, fishing pier, and Gene's Oyster Bar. Whether you're an investor, entrepreneur, or simply looking for an affordable development parcel, this is an opportunity to get into Historic Millville at an attractive price point.
Full Property Details
Full Property Details for 306 Sherman Ave
General
- Price: $65,000
- Status: Active
- Type: Commercial Investment
- Source: Bay_County
- MLS ID: 795089
- Updated: 9/7/2026
- Added to Site: 5 day(s) ago
Parking
- Parking Features: Paved
Location
- County: Bay
- Subdivision: Welch Add
- Driving Directions: From Harrison Avenue, head south on Harrison Avenue., Turn left onto US - 98E/E 15th St., Turn right onto Sherman Avenue, 306 Sherman Ave. will be on the left
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Utilities
- Sewer: Public Sewer
- Utility Description: Sewer Available
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
- Lot Size: .25
- Frontage: City Street
- Lot Features: Cleared
- Zoning: Business, City, Resid Multi-Family, Other - See Remarks, Resid Single Family
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: WELCH ADD S1/2 LOT 13 BLK 5 ORB 4796 P 784 MAP 105D1
- Property ID: 22527-000-000
Listed by Foundation Real Estate Agency LLC
Get Pre-Approved Today
Schools
Schools serving 306 Sherman Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 0.9 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 2.4 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 306 Sherman Ave
Date
Details
Price
Change
Source
9/06/2026
Listed
$65,000
94.61%
MLS
4/26/2024
Sold
$33,400
—
Public Record
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 306 Sherman Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$350
22%
$22,141
20%
2024
$286
-35%
$18,403
7%
2023
$442
10%
$17,253
33%
2022
$401
4%
$12,939
6%
2021
$387
95%
$12,249
—
2019
$198
-68%
$12,249
-70%
2018
$615
1%
$40,622
—
2017
$611
-3%
$40,799
-1%
2016
$629
-3%
$41,034
—
2015
$648
-1%
$41,097
-2%
2014
$654
5%
$41,859
-2%
2013
$620
—
$42,828
—
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 306 Sherman Ave
306 Sherman Avenue, Panama City, FL 32401 (MLS# 795089) is a Commercial Investment property. 306 Sherman Avenue is currently listed for $65,000 and was received on September 06, 2026. Want to learn more about 306 Sherman Avenue? Do you have questions about finding other Commercial Investment 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.

