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2822 Martin Luther King Jr Blvd 3.4 Acres of Commercial Land Offered at $1,500,000 in Panama City, FL 32405
Investment Highlights
- Situated on Highway 77 (Martin Luther King Jr. Boulevard), one of Panama City’s primary north-south corridors.
- Strong consumer traffic generated by nearby neighborhoods, businesses, and regional destinations.
- Exposure to approximately 30,000 vehicles per day (FDOT traffic count data).
- Convenient access to downtown Panama City and surrounding commercial districts.
- Easy connectivity to Panama City Beach, Bay County employment centers, and major transportation routes.
- Rare dual-access configuration featuring a median-cut entry.
Executive Summary
Located along one of Panama City’s most heavily traveled commercial corridors, 2822 Martin Luther King Jr. Boulevard offers a prime 3.4-acre development opportunity with outstanding visibility, accessibility, and growth potential. This shovel-ready site features approximately 220 feet of frontage on Highway 77, a major four-lane arterial carrying approximately 30,000 vehicles per day according to FDOT traffic count data. The property's rare dual-access configuration includes a valuable median-cut entry, providing convenient ingress and egress for both northbound and southbound traffic and enhancing its appeal for a wide range of commercial users.
The site is ideally positioned to capitalize on continued residential and commercial growth throughout Panama City and Bay County. With strong traffic exposure, excellent accessibility, and development-ready characteristics, the property is well suited for retail, restaurant, medical, automotive, hospitality, professional office, or mixed-use development. Its prominent highway presence creates a significant opportunity for businesses seeking maximum visibility in a rapidly expanding market.
The site is ideally positioned to capitalize on continued residential and commercial growth throughout Panama City and Bay County. With strong traffic exposure, excellent accessibility, and development-ready characteristics, the property is well suited for retail, restaurant, medical, automotive, hospitality, professional office, or mixed-use development. Its prominent highway presence creates a significant opportunity for businesses seeking maximum visibility in a rapidly expanding market.
Property Facts
| Price | $1,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 3.40 AC |
| Price | $1,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.40 AC |
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 3.40 AC |
| Price Per AC | $441,176.47 |
| Price | $1,500,000 |
| Price Per AC | $441,176.47 |
| Lot Size | 3.40 AC |
Level; shovel ready
Description
Panama City serves as the economic hub of Bay County and benefits from a growing population, expanding tourism industry, and continued investment throughout the region. The property's location along Highway 77 provides convenient connectivity to downtown Panama City, Panama City Beach, major residential communities, retail destinations, and regional employment centers. The combination of high traffic counts, strategic positioning, and development-ready status makes this a compelling opportunity for developers, investors, and owner-users seeking a premier commercial site in Northwest Florida.
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
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2822 Martin Luther King Jr Blvd