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2150 Martin Luther King Jr BlvdPanama City, FL 32405

Prime Mixed-Use, 54 Acres, 600,000 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 54.15-acre site presents a unique mixed-use redevelopment opportunity in the heart of Panama City, Florida. The property encompasses a substantial 600,000 square feet of vacant commercial space, ripe for revitalization following Hurricane Michael in 2018. This expansive footprint allows for a diverse range of development possibilities, including a large-scale commercial project, with ample space for retail establishments, restaurants, and entertainment venues. The significant acreage also offers the potential for the addition of residential components, such as apartments or a hotel, creating a vibrant and self-contained community. The availability of outparcels provides further flexibility for development and strategic partnerships. This is a rare chance to shape the future of a key location in Panama City, capitalizing on the significant demand for new commercial and residential spaces in a rapidly recovering market. The scale of this project offers substantial returns for a developer with a vision for a dynamic and thriving mixed-use development. The sheer size and potential of this property make it an unparalleled investment opportunity in a desirable Florida location. All 600,000 square feet is currently vacant, providing a blank canvas for a transformative project. The extensive acreage allows for ample parking and expansive landscaping, enhancing the overall appeal and functionality of the development.

Highlights

  • Post-Hurricane Michael redevelopment opportunity.
  • Outparcels available for development.
  • Potential for apartment and hotel development.
  • 600,000+ SF commercial project on a 54.15-acre site.

Property Details for 2150 Martin Luther King Jr Blvd

Property type
Retail properties
RSF (Rentable sq. ft)
600,000 SF

Unit(s) available at that property

Space
Available Space
Size
2,358,774 SF

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.185664959451
Longitude
-85.649883985365
2150 Martin Luther King Jr Blvd, Panama City, Florida

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2150 Martin Luther King Jr Blvd
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