For Sale
$2,695,000

3407 Fl-77Panama City, FL 32405

4.2 Acres, Two Buildings, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 4.2-acre commercial property, located at 3407 FL-77 in Panama City, Florida (zip code 32405), presents a remarkable investment opportunity. Boasting 330 feet of road frontage on busy Highway 77, this site enjoys an annual average daily traffic count of 33,065 vehicles, ensuring high visibility and accessibility. The property includes two existing 60' x 60' metal retail buildings, each featuring finished interior space and covered warehouse storage, along with ample on-site parking. While currently housing two businesses (one month-to-month), the property is vacant for immediate redevelopment. A previous storage building's cement slab remains on the vacant rear portion of the lot. The property is zoned commercial and situated in a flood zone A, requiring flood insurance. Utilities and taxes are handled through Lynn Haven, despite the Panama City address. A perimeter ditch aids in rainwater management. The property's strategic location near Tyndall Air Force Base, undergoing significant expansion, and the area's post-Hurricane Michael recovery and growth, creates exceptional potential for redevelopment into various uses, including office, hotel, restaurant, retail, or multi-family housing. The asking price is $2,695,000, with a total square footage of 7,200 and a price per square foot of $374.31. The property was built in 1985 and offers significant potential for investors seeking to capitalize on the area's dynamic growth. The City of Lynn Haven may offer development incentives.

Highlights

  • $2,695,000 asking price for 4.2 acres of commercial land in Panama City, FL.
  • 7,200 square feet of existing retail space in two 60' x 60' buildings, plus vacant land.
  • High traffic location on Hwy 77 (33,065 AADT), with 330' of road frontage and dual access points.
  • Property zoned commercial, suitable for redevelopment into office, hotel, restaurant, or retail uses.
  • Two existing buildings are currently partially occupied; vacant land is available for new construction.

Property Details for 3407 Fl-77

Property type
Specialty properties, Retail properties
Square Feet
7,200 SF
Year Built
1985
Buildings
2
Lot Size (sq. ft)
182,952 SF

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.209921622718
Longitude
-85.649473425747
3407 Fl-77, Panama City, Florida

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3407 Fl-77
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