PRIME COMMERCIAL OPPORTUNITY-4.18 ACRES ON THE CORNER OF HIGHWAY 231 AND SHORES RD! Don't miss this rare opportunity to own a highly visible 4.18-acre corner parcel on bustling Highway 231, just north of Highway 390, a key gateway corridor into Lynn Haven, Panama City and Panama City Beach, Florida. Situated just south of the Cherokee Heights Road intersection and minutes from the new Publix shopping center, this property offers unmatched exposure in one of the region's fastest growing areas. With high traffic counts, convenient access, and proximity to established and new residential communities, this site is ideal for a variety of commercial developments- restaurant, medical or professional office space, retail center, or storage units- you name it! Its strategic location captures consistent flow from both locals and tourists traveling to the 'World's Most Beautiful Beaches' via Highway 231, making it a smart investment for businesses seeking high visibility and growth potential. Two parcel numbers are included 05857-013-000 and 05857-137-000. CALL FOR TODAY FOR MORE INFORMATION ON THIS PRIME LOCATION!
Lot/land
$1,250,000
5505 Shores Rd, Panama City, FL 32404
--beds
--baths
4.18Acres
Unimproved Land
Built in ----
4.18 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
High visibilityHigh traffic countsConvenient access
- 453 days |
- 20 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: January 29, 2026 at 01:04pm
Listed by:
Laura Hartzog 850-527-0325,
Coldwell Banker Realty
Source: CPAR,MLS#: 767026
Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Property
Lot
- Size: 4.18 Acres
Details
- Parcel number: 05857137000
- Zoning description: Commercial
- Special conditions: Listed As-Is
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Sewer Available
Community & HOA
Community
- Subdivision: [No Recorded Subdiv]
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Tax assessed value: $104,402
- Annual tax amount: $897
- Date on market: 1/1/2026
- Cumulative days on market: 450 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,224/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Price change | $1,250,000-10.7% |
Source: | ||
| 7/22/2025 | Price change | $1,400,000-6.7% |
Source: | ||
| 1/9/2025 | Listed for sale | $1,500,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $897 +1.5% | $48,638 +10% |
| 2023 | $884 +40% | $44,216 +10% |
| 2022 | $631 | $40,196 |
| 2021 | -- | -- |
| 2020 | $439 +0.2% | $36,542 |
| 2019 | $438 | $36,542 -5.8% |
| 2018 | $438 -14.4% | $38,807 |
| 2017 | $512 -1.6% | $38,807 -0.5% |
| 2016 | $521 -6% | $39,012 |
| 2015 | $554 | $39,012 |
| 2014 | $554 | $39,012 -9.4% |
| 2013 | -- | $43,072 |
| 2012 | -- | $43,072 +0% |
| 2011 | -- | $43,071 |
| 2010 | -- | $43,071 -11.9% |
| 2009 | -- | $48,871 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Cedar Grove
Nearby schools
GreatSchools rating
- 3/10Deer Point Elementary SchoolGrades: PK-5Distance: 1.8 mi
- 4/10Merritt Brown Middle SchoolGrades: 6-8Distance: 0.4 mi
- 6/10A. Crawford Mosley High SchoolGrades: 9-12Distance: 4.9 mi
Local experts in 32404
- Florida
- Bay County
- Panama City
- 32404
- Cedar Grove
- 5505 Shores Rd





