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    8509 Panama City Bch Pkwy Upper Grand Lagoon, FL 32408

    Sponsored
    For Sale
    $1,495,000

    1.35 acres, 53,200 SF, high traffic area

    Property size:
    53,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.35-acre commercial land parcel in Panama City Beach, Florida, presents a remarkable investment opportunity. Located at 8509 Panama City Beach Pkwy, this C-3 zoned property boasts 53,200 square feet and is priced at $1,495,000 ($25.29/sq ft). Situated on Back Beach Road (Hwy 98), it benefits from high visibility and accessibility, with an average daily traffic count of 50,000 vehicles (combining Front Beach Rd and Back Beach Rd). The property features 235 feet of frontage on Back Beach Road, offering excellent exposure. This location is strategically positioned approximately 1.25 miles west of the Hathaway Bridge, providing easy access to the vibrant Emerald Coast, including nearby Laguna Beach and Rosemary Beach. The site is conveniently located near the St. Joe-Publix Sports Complex and benefits from a newly installed median cut realignment, improving direct access. Furthermore, the property includes wetlands mitigation permits, filling, entitlements, boundary and topographical surveys, and clear title (Stewart Title). Building permits are estimated to take approximately 90-120 days from submission, contingent upon the purchaser's engineer and architect meeting Bay County Government's site plan and building code requirements. Utilities, including central water, sewer, and electricity, are readily available. This prime location offers significant potential for various commercial developments, capitalizing on the area's robust tourism and growth.

    Property Features for 8509 Panama City Bch Pkwy

    General Information

    Property type
    Land
    Square Feet
    53,200 SF
    Lot Size
    59,111 SF

    HighLights

    • Building permits: 90‑120 day approval timeframe from submittal, contingent on buyer's engineer/architect meeting Bay County building codes.
    • Utilities: Property has central water, sewer, and electricity.
    • Traffic: Combined average daily traffic on Front Beach Road and Back Beach Road exceeds 50,000 vehicles.
    • Frontage: 235 feet of frontage on Back Beach Road, encompassing a 24‑acre parcel with an average depth of 1,050‑1,100 linear feet.
    • Included: Wetlands mitigation permits, site fill, entitlements, boundary and topographical surveys, and clear title (Stewart Title).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply 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
    Upper Grand Lagoon
    County
    Bay
    State
    Florida
    Longitude
    -85.735897
    Latitude
    30.14763

    Nearby Comparable

    • $1,795,000
      1.60 Acres

      Urban Blu Panama City Beach Lot 1

      Prime Retail Land, High Traffic Area
      8509 Panama City Bch Pkwy, Upper Grand Lagoon, FL 32408
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    • $3,400,000
      3,928 SF

      Prime Panama City Beach Commercial

      3.5-acre vacant lot, 3,928 sq ft building
      9001 Front Bch Rd, Upper Grand Lagoon, FL 32408
      View Details

    Nearby Similar for Sale

    • $3,400,000
      3,928 SF

      Prime Panama City Beach Commercial

      3.5-acre vacant lot, 3,928 sq ft building
      9001 Front Bch Rd, Upper Grand Lagoon, FL 32408
      View Details

    FAQs

    What type of property is this?
    Land - 1.35 acres, 53,200 SF, high traffic area
    Where is this land located?
    The property is located at 8509 Panama City Bch Pkwy Upper Grand Lagoon, FL.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: Building permits: 90-120 day approval timeframe from submittal, contingent on buyer's engineer/architect meeting Bay County building codes.; Utilities: Property has central water, sewer, and electricity.; Traffic: Combined average daily traffic on Front Beach Road and Back Beach Road exceeds 50,000 vehicles.
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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
    8509 Panama City Bch Pkwy Upper Grand Lagoon, FL 32408
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