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    00 Hwy 2297 & Hwy Panama City, FL 32404

    For Sale
    $1,930,000

    75.5 Acres, Panama City, FL. Development Opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 75.5-acre parcel presents a significant development opportunity in Panama City, Florida. Located at the high-traffic intersection of Hwy 22 and Hwy 2297, this prime corner lot boasts approximately 1270 feet of frontage on Hwy 22 and 2590 feet of frontage on Hwy 2297 (subject to survey). The property's strategic position places it within a rapidly growing area, making it ideal for both residential and commercial ventures. The City of Callaway has conveniently installed utility infrastructure along both highways. While the property includes a single-family home, a bed and breakfast, a barn, and other outbuildings, these structures are not considered contributory to the highest and best use and overall property value. This expansive land sits at the gateway to Hwy 2297, a corridor experiencing consistent growth, encompassing communities such as East Bay, Sandy Creek Air Park (featuring a 3300-foot paved airstrip), Sandy Creek Ranch, Pelican Point, Laird Point, and Laird Bayou Estates. The proximity to the bustling Eastern Shipbuilding Group East Bay manufacturing facility further enhances the property's investment potential. The asking price for this remarkable 3,341,052 square foot lot is $1,930,000. This is a rare opportunity to acquire a substantial land holding in a thriving Florida market.

    Property Features for 00 Hwy 2297 & Hwy

    General Information

    Property type
    Land

    HighLights

    • 75.5‑acre development site in Panama City, FL.
    • Prime corner lot at Hwy 22 & Hwy 2297 with significant highway frontage.
    • Located in a rapidly growing area, suitable for residential and commercial development.
    • Existing utilities readily available.
    • $1,930,000 asking price for 3,341,052 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.4671098
    Latitude
    30.0785461

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    FAQs

    What type of property is this?
    Land - 75.5 Acres, Panama City, FL. Development Opportunity.
    Where is this land located?
    The property is located at 00 Hwy 2297 & Hwy Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,930,000.
    What are key features of this property?
    This property features: 75.5-acre development site in Panama City, FL.; Prime corner lot at Hwy 22 & Hwy 2297 with significant highway frontage.; Located in a rapidly growing area, suitable for residential and commercial development.
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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 2297 & Hwy Panama City, FL 32404
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