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$499,000
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Property Description
This is PRIME Mixed-Use opportunity in the heart of Panama City, Florida! This versatile commercial property offers endless potential situated on 0.45 acres in a high-visibility, centrally-located corridor of Panama City. Zoned Mixed Use-3, this property allows for both commercial and residential uses...ideal for investors, business owners, trades, storage, flex space, or future redevelopment. Offering approximately 2,800 square feet, this property features one large warehouse divided into two units, each with separate entrances, individual electrical meters, and shared other utilities. Both units include full-size garage doors, private bathrooms, and flexible layouts to accommodate a wide range of uses. Unit B also features a convenient kitchenette. This setup is ideal for an owner investor who wishes to operate out of one unit and rent the additional unit to a tenant for an income-producing property. The property is fenced, provides ample parking, and offers excellent accessibility and visibility with its central location to downtown Panama City, Highway 231 and 15th Street. This is an incredible opportunity to purchase flexible space in a fast-growing area of Panama City, Florida! Buyer to verify all information, if deemed important.
Full Property Details
Full Property Details for 601 W 11th St
General
- Price: $499,000
- Status: Active
- Type: Commercial
- Source: Bay_County
- MLS ID: 782111
- Updated: 1/17/2026
- Added to Site: 52 day(s) ago
Location
- County: Bay
- Subdivision: [No Recorded Subdiv]
- Driving Directions: Heading west on 15th Street from Panama City Beach, cross over Hathaway Bridge. Turn right onto Florida Avenue. Turn left onto 11th Street. Property is on your right.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Structural Information
- Construction: Metal Siding
- Year Built: 1967
Lot Features
- Lot Size (Acres): 0.45
- Lot Size (Sq. Ft.): 19,602
- Lot Size: .45
- Frontage: City Street
- Zoning: General Commercial, Resid Multi-Family, Other - See Remarks
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: 5 4S 14W -114- 92A3 COMM AT NE COR OF SW1/4 TH S 33' TO S ROW LI OF W 11TH ST TH W 70.08' ALG S ROW LI FOR POB TH LEAVE ROW LI S 162.44' W 85.16' NWLY 24.89' NWLY 148.99' TO S ROW LI OF W 11TH ST TH E 120.66' TO POB ORB 4165 P 653
- Property ID: 18150-000-000
Listed by Corcoran Reverie
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Schools
Schools serving 601 W 11th St
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 2 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 0.2 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 0.5 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 601 W 11th St
Date
Details
Price
Change
Source
11/26/2025
Listed
$499,000
667.69%
MLS
9/05/2019
Sold
$65,000
—
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 601 W 11th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,781
-1%
$118,772
2%
2023
$1,807
19%
$115,877
21%
2022
$1,514
36%
$96,080
62%
2021
$1,114
7%
$59,391
-8%
2019
$1,038
-54%
$64,238
-57%
2018
$2,245
1%
$148,255
—
2017
$2,230
1%
$148,786
3%
2016
$2,215
-3%
$144,406
—
2015
$2,285
1%
$144,937
—
2014
$2,266
8%
$144,937
—
2013
$2,106
—
$145,468
—
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 601 W 11th St
601 W 11th Street, Panama City, FL 32401 (MLS# 782111) is a Commercial property. 601 W 11th Street is currently listed for $499,000 and was received on November 26, 2025. Want to learn more about 601 W 11th Street? Do you have questions about finding other Commercial 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.

