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RARE COMMERCIAL OPPORTUNITY ON COASTAL HIGHWAY/US-98 IN PANACEA! Bring your vision to Florida’s Forgotten Coast with this approximately 6,000 SF commercial property offering exceptional visibility, generous highway frontage, ample parking and beautiful views toward Dickerson Bay. The spacious, versatile layout provides an incredible opportunity for a destination restaurant, oyster bar, brewery/taproom, live-music venue, wedding or event space, seafood market, outdoor/marine retail concept, or other commercial venture. Extra Parcel #13-5s-02w-000-02780-a46 included in sale for extra parking. Existing commercial kitchen features and stainless equipment offer a valuable head start for a food, beverage or hospitality concept, while the large covered/open areas provide excellent potential for indoor-outdoor entertaining and events. The electrical, plumbing, and septic have all been updated. The property’s location along US-98 puts it directly in the path of coastal travelers, boaters, anglers, residents and visitors exploring Panacea and Florida’s Forgotten Coast. Located just minutes from public boat ramps, marinas, beaches, fishing and Gulf access, this property offers the opportunity to create something truly special in an area known for its authentic Old Florida character and outdoor lifestyle. Whether envisioned as a restaurant and entertainment destination, coastal event venue, market, retail operation or multi-use commercial concept, 1629 Coastal Highway offers the space, visibility and setting to bring that vision to life.

  • Construction Materials
    Frame, Metal Siding, Block, Concrete
  • Flooring
    Concrete

  • Acres
    0.8
  • Lot Features
    Waterfront
  • Water Front
    Yes
  • Utilities
    Sewer Available, Electricity Available

  • Area
    Wakulla
  • County
    Wakulla
  • City
    Panacea
  • Zip Code
    32346

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Frequently Asked Questions

How do I schedule a tour of 1629 Coastal Hwy?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1629 Coastal Hwy.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1629 Coastal Hwy?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $265,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Panacea, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1629 Coastal Hwy?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1629 Coastal Hwy at around $1,508. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1629 Coastal Hwy?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Wakulla County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1629 Coastal Hwy?

In most cases, yes. Whether 1629 Coastal Hwy is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Panacea's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1629 Coastal Hwy?

We can handle that for you. Our preferred local agent specializes in commercial sales in Panacea and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $265,000 with 6,080 sqft of space—that comes out to approximately $44 per square foot.

How long has this property been on the market?

1629 Coastal Hwy was listed on September 22, 2026, which means it's been on the market for 52 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

1629 Coastal Hwy sits on a 0.8-acre lot, which is 34,848 square feet.

Is 1629 Coastal Hwy still available for sale?

This home is under contract, but may still accept backup offers. Click ♥ to track updates or connect with our local expert to see if it's still worth pursuing.

Source: ez Home Search, MLS Data

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