Development-Ready Panama City
For Sale
$8,000,000
401 N Kimbrel Avenue, Panama City, FL 32404
Land, Panama City, FL
Property SizeContact for details
Lot Size16.54 Acres
Days on Market904
Property Features for 401 N Kimbrel Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Family, Resid Multi-Family, City, Commercial
Subdivision
No Named Subdivision
Directions
From Tyndall Parkway intersection, turn on Hwy. 22 north, continue north on Hwy. 22 aprox. 1/2 mile, left turn on Kimbrel N. and property is located on the left side of Kimbrel N.
Standard status
Active
APN
06277-000-000
Lot size
16.54 Acres
Taxes and HOA fees
Tax Description
7 4S 13W -206.3- 131C2 ST AND BAY DEV CO PLAT LOTS 43,44,53,54,59 & 60 LESS AND EXCEPT COM AT THE SW COR OF LOT 59 TH RUN NORTH ALONG THE E R/W LINE OF GAY AV 857.78' TO THE N LINE OF LOT 43 TH RUN E 353.90' TO THE W EDGE OF DRAINAGE DITCH TH RUN SLY ALONG EDGE OF DITCH 882.2' M/L TO THE NLY R/W LINE OF HWY 22 TH RUN W ALONG SAID NLY R/W LINE OF HWY 22 496.50' TO POB
Legal Description
7 4S 13W -206.3- 131C2 ST AND BAY DEV CO PLAT LOTS 43,44,53,54,59 & 60 LESS AND EXCEPT COM AT THE SW COR OF LOT 59 TH RUN NORTH ALONG THE E R/W LINE OF GAY AV 857.78' TO THE N LINE OF LOT 43 TH RUN E 353.90' TO THE W EDGE OF DRAINAGE DITCH TH RUN SLY ALONG EDGE OF DITCH 882.2' M/L TO THE NLY R/W LINE OF HWY 22 TH RUN W ALONG SAID NLY R/W LINE OF HWY 22 496.50' TO POB
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(850) 234-6696
Listed By:
Catriese M Johnson · License #SL3431258
(850) 687-7487
Added: Mar 14, 2024
Changed: Aug 19
Last Checked: Sep 3 at 1:06PM
MLS# 754214
Copyright © 2026 Central Panhandle Association 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.
Investment Insights
Based on property information with market context.
This 16.54-acre parcel is located at 401 N Kimbrel Avenue in Panama City, Florida. Its location offers proximity to educational institutions, recreational areas, and employment hubs, including Tyndall Air Force Base. The R5-A zoning allows for the construction of up to 25 residences per acre, with a maximum allowable of 413 units. Pre-development work and permits have been issued for a potentially 400-unit multifamily development. The property is situated along Highway 22 and connects to Highway 98. Located outside the flood zone, the property is within a 30-minute drive to Panama City Beach and 15 minutes from Downtown Panama City. This site is suitable for a development tailored to accommodate professionals and their families, both civilian and military.
Key Highlights
- Development‑ready 16.53‑acre parcel zoned R5‑A, allowing up to 25 residences per acre (max 413 units) for a significant multi‑family project.
- Prime location in Panama City, close to Tyndall Air Force Base, educational institutions, recreational areas, and employment hubs.
- All pre‑development work and permits have been issued, clearing the way for a potentially 400‑door multifamily development.
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 16.54-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 25 residences per acre (max 413 units) for a significant multi‑family project.; Prime location in Panama City, close to Tyndall Air Force Base, educational institutions, recreational areas, and employment hubs.; All pre‑development work and permits have been issued, clearing the way for a potentially 400‑door multifamily development.
