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    2.4 Acres Airway St Panama City, FL 32404

    For Sale
    $87,500

    High-traffic, 2.4-acre lot, ideal for retail.

    Property size:
    104,544 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2.4-acre commercial lot, located at 2.4 acres Airway Street in Panama City, Florida (zip code 32404), presents a unique investment opportunity. Boasting 107,070 square feet of land and a substantial 104,544 square feet of building space, this property is situated in a rapidly developing area of Bay County. The location offers excellent visibility and accessibility, with over 300 feet of road frontage and a daily traffic count exceeding 2000 vehicles, a number that is steadily increasing. The property's strategic position is further enhanced by its proximity to the gated Sandy Creek Airpark community, providing a stable and affluent customer base. The current market demand indicates a significant need for retail establishments, such as convenience stores or even a dollar store, making this site exceptionally well-suited for such ventures. The asking price for this prime commercial property is $87,500. This represents a compelling investment opportunity in a high-growth area with strong potential for substantial returns. The property is classified as Special Purpose and is ready for immediate development. Its location in Panama City, Florida, offers access to a thriving community and a robust local economy.

    Property Features for 0 2.4 Acres Airway St

    General Information

    Property type
    Specialty properties
    Square Feet
    104,544 SF

    HighLights

    • $87,500 asking price for a special purpose property.
    • 104,544 square foot building on a 107,070 square foot lot.
    • Located in Panama City, Florida, at 2.4 acres Airway Street, zip code 32404.
    • High‑traffic location (2000+ vehicles per day) with over 300 feet of road frontage in a growing area of Bay County.
    • Adjacent to Sandy Creek Airpark gated community, presenting an opportunity for a convenience store or similar retail use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.482065
    Latitude
    30.1038447

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    FAQs

    What type of property is this?
    Specialty property - High-traffic, 2.4-acre lot, ideal for retail.
    Where is this specialty property located?
    The property is located at 2.4 Acres Airway St Panama City, FL.
    What is the asking price?
    The asking price for this property is $87,500.
    What are key features of this property?
    This property features: $87,500 asking price for a special purpose property.; 104,544 square foot building on a 107,070 square foot lot.; Located in Panama City, Florida, at 2.4 acres Airway Street, zip code 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
    2.4 Acres Airway St Panama City, FL 32404
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