225 Tyndall PkwyPanama City, FL 32404

Property Details for 225 Tyndall Pkwy

Year built

1982

Construction

STEEL FRAME

Lot size

6.64 AC

Property size (Sq ft)

81,608 SF

Zone code

CLWY04

Property type

Grocery and convenience stores

APN

07034-005-000

APU

7034005000

Description

This 34,848 square foot vacant land parcel, located at the signalized intersection of South Tyndall Parkway and Cherry Street in Panama City, Florida (zip code 32404), offers exceptional visibility and accessibility. Boasting over 270 feet of frontage on Tyndall Parkway, this 0.8-acre site enjoys daily traffic counts exceeding 42,000 vehicles, serving the communities of Tyndall Air Force Base, Callaway, and Springfield. The property is part of a shopping center undergoing redevelopment following Hurricane Michael, anchored by Grocery Outlet and Big Lots. Pre-approved plans and engineering are in place, including utilities, parking, easements, stormwater management, and DOT road cuts. This ready-to-build site is ideally suited for a variety of uses, such as quick-service restaurants (QSRs), banks, auto stores, medical facilities, or office spaces. The asking price is $800,000. The City of Callaway is experiencing significant growth fueled by the $5.2 billion rebuild of Tyndall Air Force Base, presenting a strong investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $21,951,286

  6.5%

  $20,262,726

  7%

  $18,815,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,619,812

  Geo Method

  $14,619,812

• Alternative Use

  Use

  Valuation

  Residential

  $17,092,366

  Hospitality

  $15,656,516

  Educational

  $13,026,038

  Medical

  $13,474,023

  Retail

  $20,262,726

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1427

Longitude

-85.5899

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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