401 Kimbrel Ave Panama City, FL 32404

This exceptional 16.53-acre parcel, located at 401 N Kimbrel Avenue in Panama City, Florida, presents a remarkable development opportunity. Zoned R5-A, this site allows for the construction of up to 25 units per acre, totaling a maximum of 413 residential units. The property boasts a prime location near educational institutions, recreational areas, and major employment centers, including Tyndall Air Force Base, making it ideal for multi-family residential development. Situated along busy Highway 22 and with convenient access to Highway 98, this strategically located parcel offers excellent visibility and accessibility. All pre-development work and necessary permits have already been obtained, significantly streamlining the development process. The cleared 720,265 square foot lot is conveniently located outside the flood zone. Within a short drive, residents will enjoy access to the beaches of Panama City and the revitalized downtown area, offering a blend of coastal living and urban amenities. This property represents a unique chance to contribute to Panama City's growth, catering to both civilian and military families. The asking price for this development-ready land is $8,000,000.