Marcus & Millichap Brokers $8.2M Sale Of Retail Center In Panama City With Major Tenants

The Shops at Bay City Point, located at 500 & 560 Hawkins Avenue in Panama City, has been sold for $8,200,000. This retail asset encompasses a total of 21,540 square feet and was constructed in 2023. The property is fully leased and features well-known tenants such as Xfinity and Chicken Salad Chick, situated across from the former Panama City Mall.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,200,000
• Square Footage: 21,540
• Price Per Square Foot: $381
• Date of Transaction: 04/09/2025
• Address: 500 & 560 Hawkins Avenue
• Market: Panama City

The transaction was facilitated by Marcus & Millichap, representing the sellers with brokers Brian Munn, Eric Abbott, Robby Pfeiffer, and Zachary Taylor involved in the deal. Their expertise contributed to the successful brokerage of the fully leased retail center, which has attracted notable tenants since its construction.