3407 Panama CityPanama City, FL 32405

Property Details for 3407 Panama City

Year built

1985

Property type

Other commercial real estate

Property subtype

Other specialty properties

Description

This exceptional 4.2-acre commercial property, situated on busy Highway 77 in Panama City, Florida (zip code 32405), presents a compelling investment opportunity. Boasting 330 feet of road frontage, the property enjoys high visibility with an annual average daily traffic count of 33,065 vehicles. The site includes two existing 60' x 60' metal retail buildings, each featuring finished interior space and covered warehouse storage, along with ample parking. A driveway separates the buildings. While there's no direct median cut, access from the opposite side of the highway is readily available. A portion of the land is vacant, aside from a concrete slab where a previous storage building stood, offering significant redevelopment potential. The property is located in a flood zone A, requiring flood insurance. A perimeter ditch enhances drainage. While the address is Panama City, the property is annexed by Lynn Haven, impacting utility and tax responsibilities. The current tenants are not included in the sale. The property's size and location make it ideal for a variety of uses, including office, hotel, retail, restaurant, or multi-family development. The asking price is $2,695,000. Built in 1985, the lot encompasses 182,952 square feet. The property is zoned for commercial use.

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.2099

Longitude

-85.6485

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