About This Home

This 0-bedroom, 0-bathroom commercial at 886 Coastal Highway in Panacea, FL is listed for $300,000. on a 16.88 acres lot.

Key Features

  • 16.88 acre lot
Listing Description

Attention developers and savvy investors: this 16.88 I1 zoned property on US-98/Coastal Highway is a rare opportunity to own a high-visibility commercial parcel in a growth corridor. With a 1,200 sq. ft. structure already in place, the site is perfectly suited for redevelopment, expansion, or adaptive commercial use.

Three adjacent parcels zoned RSU! are available which would make the total 60.88 acres. Comparable I1 properties along Coastal Hwy have seen strong appreciation, and this location offers immediate access, excellent traffic exposure, and untapped potential.

Whether you're considering rental income, a commercial build-to-suit, or future resale, the property's size and zoning flexibility provide a clear path to maximize ROI. Secure 886 Coastal Hwy today and position yourself to capitalize on Wakulla County's commercial growth.

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$88

Estimates only. Actual payments may vary.

Location

886 Coastal Highway

Panacea, FL 32346

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 886 Coastal Highway is listed at $300,000. The estimated monthly payment is $1,605 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 16.88 acre lot.

This property is listed by Michael Lee and can be reached at 8503399346.

ML

Michael Lee

License 3196048

Agent at Flamingo Realty of Tallahassee

(850) 339-9346

Listed by Flamingo Realty of Tallahassee · Broker phone: 8503399346

MLS# 398389· Source: Tallahassee Board of Realtors· 142 days on PropertySimple

Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

886 Coastal Highway, Panacea, FL 32346

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