20310 Panama City Beach Pkwy Panama City Beach, FL 32413

This exceptional 0.76-acre vacant commercial land parcel, located at 20310 Panama City Beach Parkway in Panama City Beach, Florida (zip code 32413), presents a unique investment opportunity. The property boasts a substantial 33,106 square foot lot size, ideally suited for the development of warehouses or office buildings. Its strategic location offers excellent visibility and accessibility. A significant advantage is the existing agreement with Lamar Advertising, which currently generates an annual income stream of $5,000. Alternatively, the agreement stipulates a 20% share of annual gross marketing receipts. The buyer has the flexibility to continue this lucrative arrangement or terminate it upon closing. This presents a compelling opportunity for investors seeking a high-return property with immediate income potential or a blank canvas for future development in a thriving Florida coastal market. The property is conveniently located in Bay County, Florida, with coordinates 30.2510414 latitude and -85.9332011 longitude. The asking price for this remarkable property is $690,000.