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    00 Hwy 22 & Hwy Panama City, FL 32404

    For Sale
    $1,950,000

    76.7 Acres, Hwy 22 & 2297 Frontage

    Property size:
    217,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional 76.7-acre development opportunity in Panama City, Florida, strategically located at the intersection of Highway 22 and Highway 2297. This prime parcel boasts 1270 feet of frontage on Highway 22 and 2590 feet of frontage on Highway 2297, offering significant visibility and accessibility. The property is situated in a rapidly growing area, just three miles east of Callaway, and is surrounded by established residential subdivisions including Sandy Creek Ranch, East Bay, Pelican Point, and Laird Bayou Estates. City utilities, including sewer and water, are already in place, simplifying the development process. The asking price is $1,950,000. While the property includes a single-family home and outbuildings, these structures are not considered contributory to the highest and best use. The property's substantial size and location, coupled with the planned Gulf Coast Parkway project (FDOT) providing direct access between Mexico Beach and Highways 22 and 231, present a compelling investment opportunity for both residential and commercial development. The total square footage is 217,800. This is a rare chance to acquire a large tract of land poised for significant appreciation in a thriving Florida market.

    Property Features for 00 Hwy 22 & Hwy

    General Information

    Property type
    Specialty properties
    Square Feet
    217,800 SF
    Lot Size
    3,341,052 SF

    HighLights

    • $1,950,000 asking price.
    • Special purpose property encompassing 217,800 square feet.
    • 76.7‑acre lot at the intersection of Hwy 22 and Hwy 2297 in Panama City, Florida.
    • High‑traffic location with 1270 feet of frontage on Hwy 22 and 2590 feet on Hwy 2297, ideal for commercial and residential development.
    • Existing infrastructure includes sewer and water utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.4982859
    Latitude
    30.1526019

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    FAQs

    What type of property is this?
    Specialty property - 76.7 Acres, Hwy 22 & 2297 Frontage
    Where is this specialty property located?
    The property is located at 00 Hwy 22 & Hwy Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $1,950,000 asking price.; Special purpose property encompassing 217,800 square feet.; 76.7-acre lot at the intersection of Hwy 22 and Hwy 2297 in Panama City, Florida.
    Request Owner's contact information
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    Panama City, FL 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
    00 Hwy 22 & Hwy Panama City, FL 32404
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