TAC Parkside Outparcel Development Opportunity

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30745287
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort
Status: Pending/Contingent
Gross Land Area: 1.20 Acres
Sale Price: $819,000
Unit Price: $682,500 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/21/2021

Overview / Comments

PRIME LOCATION OPPORTUNITY
Outparcels located directly on Panama City Beach Parkway (US Highway 98) on the front doorstep of Panama City Beach’s newest residential community – Parkside at the Beach.
Highly visible on Panama City Beach Parkway, surrounded by enormous commercial growth including nearly 800 new apartment units, and adjacent to Panama City Beach’s expanding municipal services center.

Additional Details

Nearest MSA: Panama City
County: Bay
Zoning: COMMERCIAL HIGH-INTENSITY (CH)
Property Visibility: Excellent
Largest Nearby Street: Panama City Beach Pkwy
Traffic/Vehicle Count: 40,000
Airports: Northwest Florida Beaches International Airport
Area Description: Conveniently positioned on the primary route from the Beaches to the Northwest Florida Beaches International Airport, and just 1-mile from the destination retail & entertainment district of Pier Park.
Zoning Description: Zoned Commercial High-Intensity (CH), allowing a wide variety of commercial & retail uses

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,032 8,771 13,108
Median Age: 45.95 42.84 44.22
Households: 926 3,859 5,870

Contact

Photograph of Listing Agent

Thomas D. Watson

CBRE, Inc. Gulf Coast CMLS Member
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