+/- 2.37 Acres of Vacant Land | Hospitality Development Site

Vacant Land for Sale
Catylist Listing ID: 30871998
Property Subtypes: Hospitality, Other
Gross Land Area: 2.37 Acres
Sale Price: $2,232,000
Unit Price: $941,772 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/3/2024

Overview / Comments

+/- 2.37 Acres of Vacant | Land Hospitality Development Site

+ Prime hospitality site situated off of US Highway 98, across the street from NSA Panama City/Naval Service Warfare Center

+ Less than 3.0 Miles to Publix Sports Park, Florida State University-Panama City and Gulf Coast State College

+ 380’ of frontage along major thoroughfare Thomas Drive

+ Convenient to many area amenities and attractions, including nearby schools, marinas and the famous Emerald Coast beaches.

Additional Details

Nearest MSA: Panama City
County: Bay
Tax ID/APN: 27916-015-000
Property Located Between: Thomas Drive & Buck Lane
Property Visibility: Excellent
Largest Nearby Street: US Highway 98
Traffic/Vehicle Count: 34,500
Airports: NW Florida Beach Int’l Airport
Site Description: Prime hospitality site situated off of US Highway 98, across the street from NSA Panama City/Naval Service Warfare Center
Area Description: + 380’ of frontage along major thoroughfare Thomas Drive + Convenient to many area amenities and attractions, including nearby schools, marinas and the famous Emerald Coast beaches. With an unmatched climate and outdoor recreational lifestyle, strong educational institutions, and enormous investment in the area’s infrastructure, Panama City Beach is attracting more business relocations and expansions every day, along with a rapidly growing stream of new residents. While the market area is diversifying its economy and expanding at an ever-faster pace, Panama City Beach continues to uphold the Gulf Coast culture for which it’s always been known, and remains the “World’s Most Beautiful Beach”. + Full plans for 124-unit extended stay hotel + Due Diligence materials available + Fully entitled site with Development Order approval + Zoning: General Commercial (C3)
Zoning Description: General Commercial (C3)
Part of Planned Development?: Yes
Development Name: Hospitality Development Site

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,648 24,955 43,121
Median Age: 37.76 39.26 40.46
Households: 2,812 11,014 18,727

Contact

Photograph of Listing Agent

Thomas D. Watson

CBRE, Inc. Gulf Coast CMLS Member
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