This exceptional 53,579 square foot commercial land parcel presents a remarkable investment opportunity in Panama City Beach, Florida. Located in the desirable 79 corridor, this property boasts a prime location near the beach and a new hospital, offering unparalleled access to a thriving tourist and residential population. Zoned for commercial use, the possibilities are extensive, including hotels, restaurants, strip malls, medical facilities, offices, or warehouses. The site is conveniently situated with utilities already in place, and sewer access is readily available across the street or within 200 feet to the north. Adding to its versatility, the property extends from street to street, providing ample space and development potential. Currently, a house situated at the rear of the property generates rental income. This unique offering is actually a consolidation of six separate parcels, providing a significant and contiguous land holding. The asking price for this exceptional commercial property is $1,599,900. This is a rare opportunity to acquire a large, well-located commercial lot in a rapidly growing area. Don't miss out on this chance to build your next successful venture.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$3,141,114
Hospitality
$2,877,244
Educational
$2,393,833
Medical
$2,476,160
Retail
$3,723,740
Location Insight
City
Panama City Beach
County
Bay
State
Florida
Latitude
30.2325
Longitude
-85.8863
CBSA code
37460
CBSA name
PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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