Ground Lease Opportunity

Vacant Land for Lease
Catylist Listing ID: 30839859
Property Subtypes: Retail, Other
Gross Land Area: 0.81 Acres
Lease Rate: $120,000 (Annual)
$3.40 PSF (Annual)
Base Monthly Rent: $10,000
Lease Types: Ground Lease
Last Updated: 4/19/2024

Overview / Comments

Prime Ground Lease Opportunity located in Panama City, FL. The +/- 35,544 SF land is available for ground lease. The land is situated on +/- 0.816 acres on Beck Avenue with direct visibility from the road and access, located along Beck Ave, which experiences 10,000 VPD. There is approximately 234' of frontage on Beck Ave and adequate parking on site. Adjacent to the property are a Shrimp Boat restaurant and St. Andrews Marina. The site is located in beautiful Historic St. Andrews which offers visitors scenic coastline views, shopping, dining, and entertainment. City officials have partnered with Dover, Kohl & Partners, stakeholders and citizens to revitalize historic downtown Panama City and its
waterfront. The project, which includes streetscape improvements, historic building restoration, and new construction projects, will stimulate the local economy. Nearby national retailers and restaurants include Walmart Supercenter, Sam's Club, Home Depot, Lowe's, Publix, Target, Hibbett Sports, Big Lots, Academy Sports & Outdoors, Hobby Lobby, Planet Fitness, Piggly Wiggly, Mcdonald's, Burger King, Popeyes, and many more.

Additional Details

Nearest MSA: Panama City
County: Bay
Tax ID/APN: 29993-000-000
Property Located Between: Beck Ave, W 13th St, & W 12th St.
Property Visibility: Excellent
Largest Nearby Street: US Hwy 98
Feet of Frontage: 234
Traffic/Vehicle Count: 10,000
Area Description: Panama City is the largest city in the Panama City-Lynn Haven-Panama City Beach Metropolitan Statistical Area (MSA). It is also the largest city between Tallahassee and Pensacola. Home to Port Panama City, Tyndall Air Force Base, the U.S. Navy’s Naval Support Activity Base, and Gulf Coast State College employs over 10,000 people combined. Northwest Florida Beaches International Airport is located in Panama City, the newest international airport to be built in the U.S. in more than 15 years. The Panama City Beach market is one of the top tourist vacation destinations in the United States, with its pristine white sand beaches that stretch across the entire Gulf Coast.
Lot Frontage: 234

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,669 32,053 80,086
Median Age: 36.73 42.25 39.94
Households: 3,292 13,992 33,824

Contact

Photograph of Listing Agent

Harry Bell

Bellcore Commercial LLC Gulf Coast CMLS Member
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