225 Tyndall PkwyPanama City, FL 32404

  • Retail properties
  • 81,608 SF
For Sale
$800,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
225 Tyndall Pkwy, Panama City, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,760
$796,800
$1,057,412
$1,854,212
-
$796,800
$1,057,412
$1,854,212

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].