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    000 Highway 231 Panama City, FL 32404

    For Sale
    $2,500,000

    7.62 Acres, High Visibility, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 7.62-acre vacant land parcel presents a remarkable investment opportunity in Panama City, Florida. Located at 000 N Hwy 231, this 331,927 square foot site boasts unparalleled visibility and accessibility due to its direct frontage on a major highway. The property's strategic positioning ensures high traffic flow, maximizing exposure for any commercial development. This expansive lot is situated in a rapidly growing area, offering significant potential for substantial returns. The asking price for this prime commercial land is $2,500,000. Its location in Bay County, Florida, zip code 32404, provides easy access to local amenities and infrastructure. The coordinates are 30.1973686 latitude and -85.4994192 longitude. This is a rare chance to acquire a significant land holding in a thriving market, ideal for businesses seeking high visibility and convenient access. Don't miss this chance to secure a substantial tract of land in a rapidly developing area. This property is ready for immediate development and offers significant potential for future growth.

    Property Features for 000 Highway 231

    General Information

    Property type
    Land

    HighLights

    • $2,500,000 asking price.
    • Vacant land totaling 331,927 square feet.
    • Located in Panama City, Florida, in Bay County, zip code 32404.
    • 7.62 acres with Hwy 231 frontage.
    • High visibility and traffic counts ideal for commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -85.4994192
    Latitude
    30.1973686

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    FAQs

    What type of property is this?
    Land - 7.62 Acres, High Visibility, Prime Location
    Where is this land located?
    The property is located at 000 Highway 231 Panama City, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price.; Vacant land totaling 331,927 square feet.; Located in Panama City, Florida, in Bay County, zip code 32404.
    Request Owner's contact information
    000 Highway 231 Panama City, FL 32404
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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
    000 Highway 231 Panama City, FL 32404
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