Commercial land in Panama City sells for $350,000

Published Mar 27, 2026

A 1,150-square-foot vacant commercial lot has changed hands.

The commercial property at 1428 Balboa Avenue in Panama City was sold on March 3 for $350,000, or $304 per square foot. Completed in 1938, the single-story building stands on an 8,233-square-foot lot.

The property was taken over by Panama City Realty Group LLC.