7735 Highway 231Panama City, FL 32404

Property Details for 7735 Highway 231

Lot size

1.38 AC

Zone code

BC06

Property type

Land

Property subtype

Commercial land

APN

05636-031-000

APU

5636031000

Description

This exceptional 60,000 square foot commercial land parcel is ideally situated on Highway 231 in Panama City, Florida, at the corner of Morningside Drive. Its prime location directly across from an intermodal distribution center offers unparalleled access to major transportation routes and a thriving logistics hub. The property boasts a high traffic count, with over 27,500 average annual daily traffic (AADT) as of January 2020, and this number is steadily increasing. This is one of three equally sized, adjacent parcels totaling 600 feet of frontage and 4.1 acres, available until one is sold. The seller has completed significant site preparation, including clearing and filling, making the land "shovel ready" for immediate development. County GIS data indicates an elevation of 55-60 feet above sea level, and FEMA maps do not designate this area as a flood hazard. The property is conveniently located just 10 miles from the intersection of Highways 231 and 77, within a rapidly expanding area, and benefits from the proximity to a planned Highway 231 enhancement project. This presents a unique opportunity for investors and developers seeking a strategically positioned commercial site in a high-growth region of Florida. The asking price for this exceptional property is $235,000. The zip code is 32404, and the property is located in Bay County.

• Alternative Use

  Use

  Valuation

  Residential

  $12,558,811

  Hospitality

  $11,503,803

  Educational

  $9,571,029

  Medical

  $9,900,191

  Retail

  $14,888,267

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.2767

Longitude

-85.5187

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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