17803 Ashley DrPanama City Beach, FL 32413

Property Details for 17803 Ashley Dr

Year built

2016

Construction

WOOD

Lot size

3.19 AC

Property size (Sq ft)

1,440 SF

Zone code

PCB07

Property type

Office properties

Property subtype

Other office properties

APN

38320-005-105

APU

38320005105

Description

This exceptional 3.19-acre commercial and industrial land parcel is situated in Panama City Beach's Beach Commerce Park, offering a prime location for diverse business ventures. The property boasts an M-1 zoning designation, permitting a wide range of commercial uses. Its significant advantage lies in its high elevation and absence of wetlands, eliminating potential development complications. Previously utilized as a secure storage yard for Southway Crane, the land is already cleared and ready for immediate development. The property's strategic location at the northeast corner of Panama City Beach Parkway and Ashley Drive provides excellent visibility and accessibility. An adjacent 3.81-acre parcel is also available for purchase, presenting an opportunity to acquire approximately 7 acres of contiguous high and dry land. This combined acreage offers substantial potential for large-scale development. The property's parcel number is 38320-005-105. The asking price for this exceptional opportunity is $1,847,000. Detailed aerial and site photos will be available shortly. Contact us today to learn more about this remarkable investment prospect in the thriving Panama City Beach market. The property is located in Bay County, Florida, zip code 32413.

• CAP approach

  CAP return

  Valuation

  6%

  $230,983

  6.5%

  $213,215

  7%

  $197,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $102,370

  Geo Method

  $102,370

• Alternative Use

  Use

  Valuation

  Residential

  $264,387

  Hospitality

  $242,177

  Educational

  $201,488

  Medical

  $208,418

  Retail

  $313,426

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.2409

Longitude

-85.9102

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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