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    11601 Panama City Beach Pkwy Panama City Beach, FL 32407

    For Sale
    $899,000

    Prime 1.1-Acre Commercial Lot, Pad Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 49,658.4 square foot commercial lot is situated on Panama City Beach Parkway, one of the busiest thoroughfares in this rapidly expanding Florida city. Built in 2022, this nearly pad-ready lot offers significant advantages for immediate development. The property boasts convenient access with its own turning lane and is equipped with readily available sewer and power connections. An existing power electric box is located adjacent to the property, streamlining the utility setup process. Water retention has already been completed for the entire parcel, eliminating a significant hurdle in the development timeline. The lot includes shared parking and provides ample space to add additional parking as needed, ensuring sufficient capacity for any commercial venture. Located at 11601 Panama City Beach Parkway, Panama City Beach, FL 32407, this 1.1-acre parcel presents a unique opportunity to capitalize on the thriving commercial landscape of Panama City Beach. The asking price is $899,000. This prime location and infrastructure readiness make this an exceptional investment opportunity.

    Property Features for 11601 Panama City Beach Pkwy

    General Information

    Property type
    Land

    Building Details

    Year Built
    2022

    HighLights

    • 1.1‑acre commercial lot (49,658.4 sq ft) on Panama City Beach Parkway, Panama City Beach, FL.
    • Pad‑ready lot built in 2022, ideal for immediate development.
    • Convenient access with dedicated turning lane, readily available sewer and power, and existing power box.
    • Water retention completed, shared parking available with ample space for expansion.
    • Asking price: $899,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office 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
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.817566
    Latitude
    30.196694

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    FAQs

    What type of property is this?
    Land - Prime 1.1-Acre Commercial Lot, Pad Ready
    Where is this land located?
    The property is located at 11601 Panama City Beach Pkwy Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 1.1-acre commercial lot (49,658.4 sq ft) on Panama City Beach Parkway, Panama City Beach, FL.; Pad-ready lot built in 2022, ideal for immediate development.; Convenient access with dedicated turning lane, readily available sewer and power, and existing power box.
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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
    11601 Panama City Beach Pkwy Panama City Beach, FL 32407
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