225 Tyndall PkwyPanama City, FL 32404
- Retail properties
- 81,608 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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