Panama City Development
For Sale
$8,000,000
401 N Kimbrel Avenue, Panama City, FL 32404
16.53-acre parcel ideal for multi-family residential development.
Property SizeContact for details
Lot Size16.54 Acres
Days on Market904
Property Features for 401 N Kimbrel Avenue
General Information
Standard status
Active
Lot size
16.54 Acres
Property subtype
Land or Vacant Lot
Listing Agency:
COLDWELL BANKER REALTY
(850) 234-6696
Listed By:
CATRIESE M JOHNSON · License #SL3431258
(850) 687-7487
Source:
Corcoran
Added: Mar 14, 2024
Changed: Sep 3
Last Checked: Sep 2 at 7:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This 16.53-acre parcel is located at 401 N Kimbrel Avenue in Panama City, Florida. The property is conveniently close to educational institutions, recreational areas, and employment hubs, including Tyndall Air Force Base. It is suitable for a multi-family residential project, with zoning classification R5-A allowing for up to 25 residences per acre, with a maximum allowable of 413 units. The property is development-ready, with pre-development work and permits already issued. The parcel is situated along Highway 22 and connects to Highway 98. It is within a 30-minute drive to Panama City Beach and a 15-minute drive to Downtown Panama City. The property is located outside the flood zone. This plot is ready for a transformative development that will cater to both civilian and military families.
Key Highlights
- Development‑ready 16.53‑acre parcel zoned R5‑A, allowing up to 413 multi‑family residences.
- Prime location near educational institutions, recreational areas, and Tyndall Air Force Base.
- All pre‑development work and permits have been issued.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 16.53-acre parcel ideal for multi-family residential development.
Where is this residential land & home lot located?
The property is located at 401 N Kimbrel Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Development‑ready 16.53‑acre parcel zoned R5‑A, **allowing up to 413 multi‑family residences.**; Prime location near educational institutions, recreational areas, and Tyndall Air Force Base.; All pre‑development work and permits have been issued.
