New details released on Panama City retail center

February 4, 2015

Wednesday, February 4, 2015  PANAMA CITY – Plans for a new shopping center are in the works for a piece of property pegged as Panama City’s “most desirable” commercial location.

An investment group closed on the sale of the 35-acre lot at the southwest corner of State 77 and 23rd Street last week, purchasing the property for $7.7 million with the help of Jim Everitt of Counts Real Estate Group, who handled the sale.

“This is the most desirable commercial site in Panama City,” Everitt said. “Every major retail company in the country, every major developer in the country … and many Realtors in the Southeast over the decades have tried to do a deal on this property and it just never was available.”

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