Multi-Family Development
For Sale
$8,000,000
401 N Kimbrel Avenue, Panama City, FL 32404
Cleared, permit-ready acreage zoned for multi-family development with R5-A density up to 413 units.
Property SizeContact for details
Lot Size16.53 Acres
Days on Market842
Property Features for 401 N Kimbrel Avenue
General Information
Standard status
Active
Lot size
16.53 Acres
Property subtype
Lots/Land
Zoning
R5-A
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Coldwell Banker Realty
(850) 234-6696
Listed By:
Catriese M Johnson · License #SL3431258
(850) 687-7487
Source:
Exitrealty
Added: May 15, 2024
Changed: Sep 2
Last Checked: Sep 2 at 9:29PM
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 is a 16.53-acre land parcel offered for development, cleared and prepared for a potentially 400-door multi-family project following initial work by the seller. The site is zoned R5-A, which allows for up to 25 residences per acre, with a maximum allowable unit count of 413. Pre-development work and permits have been issued, supporting an easier path from planning into construction readiness.
The property is located along a major thoroughfare in the area, Highway 22, and connects to the main artery of the Bay County, Highway 98. The site is described as positioned outside the flood zone. The listing also notes proximity by drive time to Panama City Beach and access to Downtown Panama City.
For developers and investors seeking a multi-family ground-up project, this parcel is positioned as development-ready based on the issued permits and cleared status. The R5-A zoning framework provides a defined density target for planning purposes, with a stated ceiling of 413 units. As presented, the offering is aimed at parties looking to execute a residential development serving both civilian and military households in the Panama City area.
The property is located along a major thoroughfare in the area, Highway 22, and connects to the main artery of the Bay County, Highway 98. The site is described as positioned outside the flood zone. The listing also notes proximity by drive time to Panama City Beach and access to Downtown Panama City.
For developers and investors seeking a multi-family ground-up project, this parcel is positioned as development-ready based on the issued permits and cleared status. The R5-A zoning framework provides a defined density target for planning purposes, with a stated ceiling of 413 units. As presented, the offering is aimed at parties looking to execute a residential development serving both civilian and military households in the Panama City area.
Key Highlights
- 16.53‑acre development site at 401 N Kimbrel Avenue in Panama City, FL
- Zoned R5‑A for multi‑family development, allowing up to 25 residences per acre (max 413 units)
- Property has been cleared for a potentially 400‑door multifamily development
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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 - Cleared, permit-ready acreage zoned for multi-family development with R5-A density up to 413 units.
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: 16.53‑acre development site at 401 N Kimbrel Avenue in Panama City, FL; Zoned R5‑A for multi‑family development, allowing up to 25 residences per acre (max 413 units); Property has been cleared for a potentially 400‑door multifamily development
