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    000 Highway 388 Panama City Beach, FL 32413

    For Sale
    $2,600,000

    Prime Panama City Beach development site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4.22-acre commercial land parcel, located at 000 W. Highway 388 in Panama City Beach, Florida (zip code 32413), presents a unique investment opportunity. Priced at $2,600,000 ($616,113.70/acre), this property boasts 183,823 square feet of vacant land zoned C-3 (General Commercial) within Unincorporated Bay County. Its strategic location offers convenient access, situated just 1.5 miles south of Latitude Margaritaville's main entrance and 4 miles west of Northwest Florida Beaches International Airport. The site enjoys excellent visibility and accessibility, being only 700 feet east of the Highway 79 corridor and the West Bay Bridge, providing easy access to both Panama City Beach and Latitude Margaritaville. Bay County public water and sewer services are readily available along W. Highway 388. An existing 2,136 square foot home (built in 1975) is situated on the property

    Property Features for 000 Highway 388

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Nursing Home Assisted Living Facility

    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
    -85.8556808
    Latitude
    30.2097667

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    FAQs

    What type of property is this?
    Land - Prime Panama City Beach development site
    Where is this land located?
    The property is located at 000 Highway 388 Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $2,600,000.
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    000 Highway 388 Panama City Beach, FL 32413
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    Panama City Beach, FL 32413
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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
    000 Highway 388 Panama City Beach, FL 32413
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