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    25 1- Panama City, FL 32404

    For Sale
    $1,320,000

    Unimproved Land - Panama City, FL

    Type:Unimproved Land
    Lot size:
    264.25 Acres
    Days on Market:
    435
    Last Refresh:
    Dec 10 at 9:06 pm

    Property Features for 25 1-

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Lot size
    264.25 Acres

    Utilities

    Sewer type
    None
    Water source
    None

    Building Details

    Architectural style
    Other

    Whitetail Properties Real Estate, LLC (217) 285-9000 [email protected]

    Listing agent Tracy Colburn (217) 285-9000

    Listing date Oct 2, 2024

    MLS# 377455 Listing URL

    Copyright © 2025 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    264 Acres Investment Opportunity

    This is an approximately 264-acre property with about 1,600 feet of frontage on U.S. Highway 231. The buyer will need to acquire an easement over the railroad tracks. Currently zoned AG-2, the property allows one residence per 20 acres, but the new owner can petition to change the zoning to AG-1, which would allow for one residence per 10 acres. Located in Bay County, it is situated just 1/2 mile north of the main entrance to Port Panama City's Inter-modal Distribution Center (Commerce Boulevard). With a land use change to industrial and incorporation into Panama City limits, the property could be suitable as a commercial or industrial site. A new 250,000 sq. ft. FedEx distribution center is currently under construction. Rail service is available. The buyer would need to verify future land use with Bay County. Alternatively, the property could be used as a recreational getaway, with the potential to build a cabin and utilize the extensive trail network for ATV riding, hunting, and recreation. Measurements are estimates only.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.49700008
    Latitude
    30.29064745

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    FAQs

    What type of property is this?
    Land - 264 acres of land near Port Panama City.
    Where is this land located?
    The property is located at 25 1- Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,320,000.
    What are key features of this property?
    This property features: - Prime location with frontage on U.S. Highway 231.; - Significant acreage: Approximately 264 acres for development or recreation.; - Zoning flexibility: Zoned AG-2 with potential to rezone to AG-1.
    (217) 285-9000
    Request Owner's contact information
    25 1- Panama City, FL 32404
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    Panama City, FL 32404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    25 1- Panama City, FL 32404
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