8509 Panama City Bch Pkwy Upper Grand Lagoon, FL 32408

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.