Retail, Hotel, Office Redevelopment Site

Vacant Land for Sale
Catylist Listing ID: 30626998
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 4.77 Acres
Sale Price: $2,000,000
Unit Price: $419,287 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2020

Overview / Comments

Demo and Clearing of former motel is nearing completion. With a footprint of almost 5 acres, this prime commercial property is located at the 'Gateway into Panama City' for eastbound travelers, and presents easy access to the beach for westbound. Located in close proximity to the Port of Panama City, FSU and GCSC campuses, this property is perfect for a hotel, apartments, and a number of commercial applications.

Additional Details

Nearest MSA: Panama City
County: Bay
Taxing Authority: Panama City, Florida
Tax ID/APN: 28274-000-000
Property Visibility: Excellent
Legal Description: BAYVIEW ADD 35 3S 15W BEG 277'E & 35.72'S & 446.51' E OF SW COR OF NW1/4 TH E 546.59' S 375.40' W 412.22' S 225' NWLY 161.62' N 418.12' TO POB ORB 4074 P 2153
Feet of Frontage: 161
Highway Access: Direct ingress/egress from and onto westbound lanes, Eastbound ingress requires traveling to Brown St. Eastbound egress dedicated lane.
Site Description: All improvements to be cleared with pavement to remain. Level with minimal site workrequired
Area Description: The first development seen and accessible to eastbound traffic from beach. Located near two commuter colleges, the Port of Panama City and offers the closest access to beaches for local employees.
Lot Frontage: 161
Lot Depth: 250
Zoning Description: Commercial - Hospitality
Topography: Level
Soil Type: Other
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,750 32,402 70,344
Median Age: 36.1 40.82 40.33
Households: 2,059 13,865 30,304


Photograph of Listing Agent

Brian Hinton

ERA Neubauer Real Estate Gulf Coast CMLS Member
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