Catylist ID:
#30871998
+/- 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: | 7/5/2024 |
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. |
Attachments & Media
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 |
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 |
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