3407 Fl-77Panama City, FL 32405

Property Details for 3407 Fl-77

Year built

1985

Lot size

4.20 AC

Property size (Sq ft)

7,200 SF

Property type

Other commercial real estate

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.2099

Longitude

-85.6495

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].