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$299,000 Just Listed
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Property Description
**High-Visibility Highway 98 Commercial Redevelopment Opportunity** Excellent commercial redevelopment opportunity on approximately 0.65 acres with an impressive 175 feet of frontage along East Highway 98 in Panama City. This highly visible property currently features two commercial buildings, including a 2,340-square-foot vehicle service building and an approximately 2,100-square-foot building identified by the Property Appraiser as vehicle sales/retail. The site offers extensive concrete parking and a prominent location along a well-traveled commercial corridor, providing excellent exposure for a future development or commercial venture. With substantial highway frontage, existing improvements, ample paved parking, and a strategic Panama City location, this property presents an attractive opportunity for investors and developers looking to redevelop or reposition a high-profile commercial site. The existing buildings may provide potential interim use while plans for redevelopment are explored. Buyer to verify zoning, permitted uses, development potential, dimensions, utilities, and all other property information with the appropriate governmental authorities.
Full Property Details
Full Property Details for 4841 E Hwy 98
General
- Price: $299,000
- Status: Active
- Type: Business
- Source: Bay_County
- MLS ID: 794085
- Updated: 10/8/2026
- Added to Site: 1 day(s) ago
Parking
- Parking Features: Paved
Location
- County: Bay
- Subdivision: Lake Drive Heights
- Driving Directions: Head east on US-98 E, Turn right onto Frankford Ave, Turn left onto US-98 BUS E/W Beach Dr, Turn left onto US-98 BUS E/W 6th St, Continue to follow US-98 BUS E, Pass by Dollar General, Destination will be on the left
School Information
- Elementary School: Parker
- Middle School: Everitt
- High School: Rutherford
Community
- Community Name: 02 - Bay County - Central
Utilities
- Utility Description: Sewer Available
Structural Information
- Construction: Block, Metal Siding, Stucco
- Roof: Metal
- Year Built: 1980
Lot Features
- Lot Size (Acres): 0.66
- Lot Size (Sq. Ft.): 28,749.6
- Lot Size: .66
- Frontage: City Street
- Zoning: General Commercial
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: LAKE DRIVE HEIGHTS LOTS 19, 20, 21, 22 BLK E ORB 4103 P 85
- Property ID: 25347-000-000
Listed by Legacy Premier Agency
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Schools
Schools serving 4841 E Hwy 98
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Parker Elementary School 640 South Highway 22 A, Panama City, FL 32404 | PK-5 | 0.3 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 2.5 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 4841 E Hwy 98
Date
Details
Price
Change
Source
8/14/2026
Listed
$299,000
139.2%
MLS
3/19/2019
Sold
$125,000
—
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 4841 E Hwy 98
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,983
—
$142,973
-2%
2024
$1,983
4%
$145,983
—
2023
$1,899
40%
$145,983
-2%
2022
$1,355
26%
$148,488
45%
2021
$1,078
—
$102,538
-1%
2021
$1,078
2%
$104,041
5%
2019
$1,054
-36%
$99,303
-35%
2018
$1,638
-3%
$151,805
-1%
2017
$1,688
-4%
$153,308
-1%
2016
$1,764
-2%
$155,294
2%
2015
$1,797
-4%
$152,384
-4%
2014
$1,867
7%
$158,475
-4%
2013
$1,752
—
$165,217
—
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 4841 E Hwy 98
4841 E Highway 98, Panama City, FL 32404 (MLS# 794085) is a Business property. 4841 E Highway 98 is currently listed for $299,000 and was received on October 08, 2026. Want to learn more about 4841 E Highway 98? Do you have questions about finding other Business 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.

