3931 W Hwy 390, Panama City, FL 32405 3931 W Highway 390 1 SF 100% Leased Retail Building Panama City, FL 32405 $350,000 ($350,000/SF)

Prime Commercial Opportunity: 3931 Hwy 390 W, Panama City, FL
Positioned on a high-visibility corner along the fast-growing Hwy 390 corridor, 3931 Hwy 390 W presents 0.395 acres of commercially zoned land ideal for retail, drive-thru, or service-based development. With county-planned roadway improvements underway and a rapidly expanding resident base, the site offers exceptional potential for first-mover retail concepts—especially coffee, fast food, and other convenience-focused businesses currently underserved in the area.
Bay County’s active planning efforts, including improvements at key intersections along Highway 390, demonstrate the region’s commitment to supporting future commercial growth and improving long-term traffic capacity. These enhancements, combined with strong demographic momentum in Panama City, create a favorable environment for new development. [mypanhandle.com]
Local Growth & Demographic Strength
Panama City is experiencing meaningful population growth and a diverse, stable consumer base—ideal indicators for new retail and restaurant concepts.
Population & Growth
37,024 residents as of July 2024, reflecting a 12% increase since 2020. [census.gov]
Steady growth signals expanding demand for daily-needs retail, convenience services, and food-and-beverage operators.
Age & Workforce Profile
A balanced mix of age groups, including 22.3% under 18, 17.1% over 65, and the remainder of residents spread across working-age categories. [census.gov]
A strong working-age population provides consistent weekday traffic for coffee shops, quick-serve restaurants, and take-away dining.
Housing & Households
14,807 households with an average of 2.25 persons per household. [census.gov]
Growing household formation supports year-round demand rather than seasonal spikes.
Economic Indicators Supporting Retail Success
Income & Consumer Spending
Median household income: $61,125 (2019–2023). [census.gov]
Per capita income: $36,094 (2023 data). [city-data.com]
Solid middle-income profile supports fast-casual dining, beverage concepts, and everyday retail.
Employment & Commute Patterns
61.1% of residents participate in the civilian labor force. [census.gov]
Mean commute time: ~21 minutes, indicating consistent local movement—beneficial for daily drive-thru businesses. [census.gov]
Site Advantages
Highly Visible Corner Parcel
Corner positioning maximizes ingress/egress potential and branding visibility.
Commercial Zoning
Zoned commercial, allowing a wide range of retail, restaurant, or service-based uses (user-provided site detail).
Infrastructure Improvements Along Hwy 390
Bay County and FDOT are actively improving intersections, signals, and traffic flow along the Hwy 390 and 231 corridor to support long-term growth and safer travel patterns. [mypanhandle.com]
Ideal Uses for This Parcel
Given the area’s growing population, limited convenience-oriented food options, and improving roadway network, the following concepts are well-positioned for success:
Coffee shop (drive-thru or sit-down) – Strong morning and commuter demand; currently underserved.
Fast-food or quick-serve restaurant – High-visibility corner location ideal for national or regional brands.
Smoothie/juice bar or beverage-focused concept – Fits local demographic and traffic patterns.
Small retail pad – Daily-needs retail and services would benefit from surrounding residential growth.
Medical or professional office – Supported by stable, long-term demographic trends.
Property Highlights (Bullet Summary)
0.395-acre corner lot (130’ x 100’)
Zoned commercial
Prime exposure on Hwy 390
Located in a rapid-growth corridor with documented public investment in roadway improvements [mypanhandle.com]
Surrounded by a population of 37,024 residents, up 12% since 2020 [census.gov]
Healthy median household income ($61,125) supporting retail demand [census.gov]
Area underserved by coffee and fast-food concepts, offering first-mover opportunity