6937 Florida 77
About This Property
Positioned along the highly traveled Highway 77 corridor in Panama City, this 1.586-acre C-3 General Commercial parcel offers an excellent opportunity for investors, developers, and business owners seeking visibility, accessibility, and long-term commercial potential. With an AADT of approximately 34,000 vehicles and an estimated 475 feet of highway frontage, this property provides strong exposure in a growing commercial area. Whether you are looking to establish a new business location, expand your commercial portfolio, or secure a high-visibility investment property, 6937 Hwy 77 offers the location, frontage, and flexibility to support a variety of commercial uses.
Located directly across Highway 77 from Tractor Supply, the site benefits from established traffic patterns and nearby commercial activity. The property also features two existing driveway access points from the highway, allowing for convenient ingress and egress and adding functionality for future commercial use or redevelopment.
An existing 36x24 pole barn remains on-site, offering added utility and potential use during future development or site planning. Power outlets have also been run to the pole barn, providing the potential for future power connection and added functionality, subject to buyer verification. Portions of a slab remain from a previous building that was on-site prior.
With C-3 General Commercial zoning, the property allows for a wide range of commercial possibilities, making it well suited for retail, office, service-based business, redevelopment, or a strategic land hold. The combination of highway frontage, traffic count, acreage, existing access points, site improvements, and commercial zoning creates a compelling opportunity in one of Panama City's active growth corridors.
Buyer to verify all zoning, land use, utilities, power availability, dimensions, access, and intended development plans.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2026 | Listed by Empire Real Estate of Florida LLC | $625,000 | |
| Listed by Empire Real Estate of Florida LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017