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$550,000 Just Listed
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Property Description
OWNER Financing on this parcel with 30% down with a term based on term of 10 years at 6.5% with a balloon in 3 years. Property ZONED C-2 General Commercial Premier location on the 98 corridor with a strong traffic count both North and South as well as East and West. It is the first red light after descending from the Hathaway Bridge. Allowable uses on the property include business professional, retail, restaurants, auto repairs as well as multiple other uses for the property. MLS # 784646 Adjoining parcel on the west side can be purchased as well to make a larger parcel. Call listing agent for more information. High and dry parcel with good ingress and egress. The two parcels together combine for over 1 full acre and runs from street to street. Over 260' of frontage on US Hwy 98 and 130' of frontage on each side street. Prime location for a strong chain restaurant location. McDonalds & Dunkin Donuts are directly across the Highway.
Full Property Details
Full Property Details for 3701 W Hwy 98
General
- Price: $550,000
- Status: Active
- Type: Commercial Land
- Source: Bay_County
- MLS ID: 784718
- Updated: 2/4/2026
- Added to Site: 1 day(s) ago
Location
- County: Bay
- Subdivision: Bayview Add
- Driving Directions: Traveling East from CPAR building go to Michigan Ave across from Dunkin Donuts and McDonalds. The property is the South West corner of Michigan and Hwy 98
Community
- Community Name: 02 - Bay County - Central
Utilities
- Sewer: Public Sewer
- Utility Description: Sewer Available
Lot Features
- Lot Size (Acres): 0.55
- Lot Size (Sq. Ft.): 23,958
- Lot Size: .55
- Frontage: County Road, Highway, Paved
- Zoning: General Commercial
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: BAYVIEW ADD E 1/2 LOT 1 BLK 26 ORB 4138 P 1640 79C3
- Property ID: 28397-000-000
Listed by Counts Real Estate Group Inc
Get Pre-Approved Today
Schools
Schools serving 3701 W Hwy 98
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Lucille Moore Elementary School 1900 Michigan Avenue, Panama City, FL 32405 | PK-5 | 0.3 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 | 3 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 3701 W Hwy 98
Date
Details
Price
Change
Source
2/04/2026
Listed
$550,000
161.9%
MLS
6/20/2019
Sold
$210,000
—
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 3701 W Hwy 98
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,887
4%
$246,088
—
2024
$3,750
—
$246,087
—
2023
$3,751
18%
$246,087
27%
2021
$3,192
2%
$193,946
—
2022
$3,115
-2%
$193,946
7%
2021
$3,192
16%
$182,000
7%
2019
$2,749
7%
$170,054
—
2018
$2,575
1%
$170,054
—
2017
$2,548
-2%
$170,054
—
2016
$2,608
-3%
$170,054
—
2015
$2,682
1%
$170,054
—
2014
$2,659
8%
$170,054
—
2013
$2,462
—
$170,054
—
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 3701 W Hwy 98
3701 W Highway 98, Panama City, FL 32401 (MLS# 784718) is a Commercial Land property with a lot size of 0.55 acres. 3701 W Highway 98 is currently listed for $550,000 and was received on February 05, 2026. Want to learn more about 3701 W Highway 98? 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.

