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    7409 Us-231 Panama City, FL 32404

    For Sale
    $280,000

    Prime 3.12-acre commercial lot, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3.12-acre commercial land parcel is strategically located at 7409 N. Highway 231 in Panama City, Florida, 32404, at the corner of Coe Road. The property boasts a highly desirable location, situated across the highway from established businesses including Coastal Helicopters, Bay Industrial Park, and the Intermodal Distribution Center (IDC). This area is experiencing significant growth, with several new residential developments and businesses recently established or under construction nearby. Examples include a FedEx distribution facility, a new manufacturing company occupying the former Century Boats/Yamaha Motors site, Conner Industries, and Eastern Industries. The lot is zoned General Commercial (GC-3) within unincorporated Bay County, offering considerable flexibility for a variety of commercial uses. Potential development opportunities include, but are not limited to, convenience stores, retail spaces, storage facilities, and restaurants. The property is cleared and fronts a two-lane divided highway, ensuring excellent visibility and accessibility. This corner lot presents a rare opportunity to capitalize on the burgeoning commercial activity in this rapidly developing area. The asking price for this exceptional property is $280,000.

    Property Features for 7409 Us-231

    General Information

    Property type
    Land
    Lot Size
    135,907 SF

    HighLights

    • 3.12‑acre parcel
    • Corner lot
    • Suitable for multiple commercial uses
    • Level, cleared site
    • Frontage on a two‑lane divided highway
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.52525
    Latitude
    30.272262

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    FAQs

    What type of property is this?
    Land - Prime 3.12-acre commercial lot, ideal location.
    Where is this land located?
    The property is located at 7409 Us-231 Panama City, FL.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: 3.12-acre parcel; Corner lot; Suitable for multiple commercial uses
    Request Owner's contact information
    7409 Us-231 Panama City, FL 32404
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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
    7409 Us-231 Panama City, FL 32404
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