Prime Development Site

Vacant Land for Sale
Catylist Listing ID: 30208213
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 0.98 Acres
Sale Price: $299,000
Unit Price: $305,102 Per Acre
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2018

Overview / Comments

Excellent development opportunity located in the Panama City Beach corridor. The .98acre site is strategically located on the highly trafficked Hutchison Blvd. and is the ideal location for a retail or restaurant user. The site is located in a highly sought after area and is within minutes to the beach and core retail trade area for Panama City Beach. The surrounding area is filled with a large number of national retailers, restaurants, resorts, shopping centers, entertainment, and professional office buildings. The city is a very popular tourist and spring break destination, which continues to grow each year. There are an approximate 100,000+ seasonal visitors who typically visit during winter and summer months. The owner has a recent survey, geotechnical report and QSR conceptual site plans for the site.

Attachments & Media

Additional Details

Nearest MSA: Panama City
County: Bay
Tax ID/APN: 34773-000-000
Property Located Between: Hutchison & Hale
Property Visibility: Excellent
Largest Nearby Street: Hutchison Blvd
Feet of Frontage: 275
Traffic/Vehicle Count: 23,500

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,109 12,980 26,623
Median Age: 38.6 39.53 40.14
Households: 472 5,743 11,775
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