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    2015 23Rd St Panama City, FL 32405

    For Sale
    Contact for pricing

    Prime development opportunity, flexible options.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial land offering in Panama City, Florida, presents a unique investment opportunity. Located at 2015 West 23rd Street, Bay County, zip code 32405, this property encompasses multiple parcels totaling approximately 11.8 acres, zoned General Commercial 2 (GC2). Several sites are available for purchase individually or as a package, ranging in size from 0.78 acres to 11.8 acres. Site 5, a 0.78-acre pad-ready site, features 34 paved parking spaces and a 135 ft x 60 ft pad for building construction. Site 6, a substantial 11.8-acre parcel, offers 812 ft of frontage on Ingress Drive and 565 ft on Frankford Avenue; however, 2.22 acres are subject to a conservation easement. The property's strategic location is approximately 0.6 miles east of Highway 390 and 2.5 miles west of Highway 77, ensuring excellent visibility and accessibility. Sites 1, 2, 3, and 4 have been sold. Note that stormwater retention is required on-site for most parcels, except Site 5, which shares a system with a neighboring Sam's Club. Cross-ingress/egress access is available with Sam's Club. The seller is open to offers for purchase or build-to-suit arrangements, and ground lease rates are negotiable. This is an ideal location for a variety of commercial developments. Contact us today to discuss your proposal.

    Property Features for 2015 23Rd St

    General Information

    Property type
    Land
    Lot Size
    33,977 SF

    HighLights

    • Panama City Market Place Development offers several commercial land sites for sale or build‑to‑suit opportunities, with pricing available upon request.
    • The property is located at 2015 West 23rd Street, Panama City, Florida 32405, near Highways 390 and 77.
    • Sites range in size from 0.78 acres to 11.8 acres, with some sites already partially or fully sold.
    • Site 5 (0.78 acres) is pad‑ready with 34 paved parking spaces.
    • Site 6 (11.8 acres) includes a portion in a conservation easement and shared access with Sam's Club.
    • Sites 1, 2, 3, 4, and 6 require on‑site stormwater retention; Site 5 utilizes shared retention with Sam's Club.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CEFCO Convenience Store Convenience Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.691517
    Latitude
    30.1895347

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    FAQs

    What type of property is this?
    Land - Prime development opportunity, flexible options.
    Where is this land located?
    The property is located at 2015 23Rd St Panama City, FL.
    What are key features of this property?
    This property features: Panama City Market Place Development offers several commercial land sites for sale or build-to-suit opportunities, with pricing available upon request.; The property is located at 2015 West 23rd Street, Panama City, Florida 32405, near Highways 390 and 77.; Sites range in size from 0.78 acres to 11.8 acres, with some sites already partially or fully sold.
    (850) 896-2240
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    2015 23Rd St Panama City, FL 32405
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    Panama City, FL 32405
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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
    2015 23Rd St Panama City, FL 32405
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