9238 Steel Field RdPanama City Beach, FL 32413

This exceptional 11.43-acre commercial property in Panama City Beach, Florida, presents a unique investment opportunity. Located at 9238 Steel Field Road, zip code 32413, this special-purpose land boasts a sizable 497,891 square foot lot. The property is designated as Village Center, allowing for a variety of neighborhood commercial uses, as detailed in the property profile. The land is largely high and dry, with the exception of a small pond which could be filled in or utilized as a stormwater retention area. Approximately 8 acres of mature pine timber add to the property's value. Currently, a doublewide mobile home sits on the property, generating a monthly rental income of $1,500 under a month-to-month lease. The property's strategic location offers easy access to Highway 79 and is situated at the back gate entrance (currently under construction) of the Latitude Margaritaville community. This rapidly developing area features over 3,500 homes currently under construction and sale directly across the road, promising significant future growth and increased property value. The asking price for this remarkable investment is $1,500,000.