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    5512 Highway 22 Panama City, FL 32404

    For Sale
    $650,000

    Prime Commercial Lot, High Traffic Area, 17,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 17,860 square foot vacant commercial land parcel presents a unique investment opportunity in Panama City, Florida. Strategically located at the highly visible southwest corner of Highway 22 and Tyndall Parkway (Highway 98), this site boasts exceptional visibility and accessibility. The property is zoned Commercial within the City of Callaway and benefits from readily available public utilities. Traffic counts are substantial, with Highway 22 averaging 8,800 vehicles daily and Tyndall Parkway seeing 35,500 vehicles daily (2023 FDOT data). Its prime location is less than one mile south of a major supermarket and in close proximity to three of Bay County's largest employers, including Tyndall Air Force Base and Eastern Shipbuilding. While a previous building was demolished and cleared following Hurricane Michael, the concrete slab remains. The site is currently enrolled in a Florida Department of Environmental Protection (FDEP) petroleum clean-up program

    Property Features for 5512 Highway 22

    General Information

    Property type
    Land

    HighLights

    • 17,860 SF vacant commercial land parcel in Panama City, FL.
    • High‑visibility corner lot at Highway 22 & Tyndall Parkway (Highway 98), with 8,800 and 35,500 daily vehicles respectively.
    • Callaway, FL commercial zoning; readily available utilities.
    • Less than one mile from a major supermarket and near Tyndall AFB and Eastern Shipbuilding.
    • Cleared site with existing concrete slab; enrolled in FDEP petroleum cleanup program.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.5914849
    Latitude
    30.1525616

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, High Traffic Area, 17,860 SF
    Where is this land located?
    The property is located at 5512 Highway 22 Panama City, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 17,860 SF vacant commercial land parcel in Panama City, FL.; High-visibility corner lot at Highway 22 & Tyndall Parkway (Highway 98), with 8,800 and 35,500 daily vehicles respectively.; Callaway, FL commercial zoning; readily available utilities.
    (850) 896-2240
    Request Owner's contact information
    5512 Highway 22 Panama City, FL 32404
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    5512 Highway 22
    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
    5512 Highway 22 Panama City, FL 32404
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