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8509 Panama City Bch Pkwy Upper Grand Lagoon, FL 32408

Sponsored
For Sale
$1,795,000

Prime Retail Land, High Traffic Area

Property size:
62,700 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 1.6-acre commercial land parcel, identified as Lot 1 of the Urban Blu development in Panama City Beach, Florida, presents a unique investment opportunity. Boasting 62,700 square feet and zoned C-3, this property offers significant potential for retail development. Located at 8509 Panama City Beach Pkwy, 32408, it benefits from a highly visible 270-foot frontage on Back Beach Road (Hwy 98), a major thoroughfare with an average daily traffic count of 50,000 vehicles. The site is strategically positioned approximately 1.25 miles west of the Hathaway Bridge, providing easy access to popular destinations like Laguna Beach and Rosemary Beach. Significant infrastructure improvements, including a newly installed median cut realignment approved by the Florida Department of Transportation, enhance accessibility and visibility. The property is situated near the St. Joe-Publix Sports Complex and adjacent to the Tru Hotel (under construction) and the forthcoming Staybridge Hotel, as well as the 312-unit Watermark Apartments, ensuring a vibrant and growing surrounding community. All necessary entitlements, including wetlands mitigation permits, filling permits, boundary and topographical surveys, and clear title (Stewart Title), are in place. Utilities (water, sewer, electricity) are readily available, and building permits are estimated to be issued within 90-120 days of submission, contingent upon the purchaser's engineer and architect meeting Bay County's building code requirements. The asking price is $1,795,000, translating to $25.75 per square foot. This represents a compelling opportunity to capitalize on the thriving retail market in Panama City Beach.

Property Features for 8509 Panama City Bch Pkwy

General Information

Property type
Land
Square Feet
62,700 SF
Lot Size
69,696 SF

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Law Firm Dental Office Building Supply Spa & Massage 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
Upper Grand Lagoon
County
Bay
State
Florida
Longitude
-85.735897
Latitude
30.14763

FAQs

What type of property is this?
Land - Prime Retail Land, High Traffic Area
Where is this land located?
The property is located at 8509 Panama City Bch Pkwy Upper Grand Lagoon, FL.
What is the asking price?
The asking price for this property is $1,795,000.
More about this property
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