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4208 W Highway 98, Panama City, FL 32405

#779166

CommercialSale

Built in 1947

$425,000

Details

Prime commercial opportunity located at 4208 W. Highway 98, Panama City, FL 32405, on the northeast corner of W. Highway 98 and High Avenue, featuring 133 feet of frontage on W. Highway 98 and 124 feet of frontage on High Avenue. Formerly known as the Unicorn Motel, this property includes 4,682 square feet of concrete block construction across three buildings: one with six units and one with four units - all studio styled units, and a single stand-alone building. Built in 1947, this property is ready for revitalization. Its General Commercial-2 zoning allows for a wide range of uses, giving new owners the chance to breathe fresh life into a corner site that can serve and enhance the surrounding community. The property sits along one of Panama City's busiest corridors, benefiting from a 41,500 average daily traffic count and strong visibility. Its location, frontage, and zoning create a unique opportunity for investors, developers, or business owners seeking a high-exposure site with significant potential.
GENERAL
Real Estate Type CommercialSale
Full Bathrooms 0
Half Bathrooms 0
One Quarter Bathrooms 0
Three Quarter Bathrooms 0
Lot Size 0
Square Feet 4,682
Stories 0
Year Built 1,947
Lot Size Units Acres
Lot Size Area 0
Agent Key 27,029,873
Agent MLS Id B6150
Office Key 5,952,045
Source System Name Central Panhandle Association of REALTORS®
Source System Id TRESTLE
Office Phone 850-872-3434
Agent Url http://www.stevebutlerera.com
Agent Fax 850-522-7452
Elevation 0
Parcel Number 28234-000-000
Number Of Units Total 0
Tax Legal Description Lot 11
less Highway right of way
all of Lot 12
and 2 feet off the south side of Lot 13
in Block 6
according to the plat of Bayview Addition to St. Andrews and recorded in Plat Book 4
Page 47
in the Office of the Clerk of the Circuit Court of Bay County
Florida.
Special Listing Conditions ListedAsIs
Internet Address Display True
Internet Automated Valuation Display True
Agent Name Steve E Butler
Agent Email [email protected]
Agent Cell 850-832-6434
Agent Office 850-872-3434
Broker Id BEN2
Office Name ERA Neubauer Real Estate
Inc
Listing Contract Date 9/21/2025
Status Active
Days On Market 1
BUILDING
Fireplace False
Parking Total 0
Parking Features Paved
Utilities SewerAvailable
WaterConnected
Private Pool False
Spa False
LOCATION
Subdivision Bayview Add
Directions Located on the northeast corner of U.S. Highway 98 and High Avenue in Panama City.
County Bay
Waterfront False
SCHOOLS
Elementary School Lucille Moore
Middle School Jinks
High School Bay

Questions