3407 Fl-77 Panama City, FL 32405
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4.2 Acres, Two Buildings, High Traffic
Property size:
7,200 SFProperty Features for 3407 Fl-77
General Information
- Property type
- Individual retail properties
- Square Feet
- 7,200 SF
- Lot Size
- 182,952 SF
Building Details
- Year Built
- 1985
- Buildings
- 2
Listing Agency: Keller Williams Success Realty Listing Agent: Christine Lance
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 4.2-acre commercial property, located at 3407 FL-77 in Panama City, Florida (zip code 32405), presents a remarkable investment opportunity. Boasting 330 feet of road frontage on busy Highway 77, this site enjoys an annual average daily traffic count of 33,065 vehicles, ensuring high visibility and accessibility. The property includes two existing 60' x 60' metal retail buildings, each featuring finished interior space and covered warehouse storage, along with ample on-site parking. While currently housing two businesses (one month-to-month), the property is vacant for immediate redevelopment. A previous storage building's cement slab remains on the vacant rear portion of the lot. The property is zoned commercial and situated in a flood zone A, requiring flood insurance. Utilities and taxes are handled through Lynn Haven, despite the Panama City address. A perimeter ditch aids in rainwater management. The property's strategic location near Tyndall Air Force Base, undergoing significant expansion, and the area's post-Hurricane Michael recovery and growth, creates exceptional potential for redevelopment into various uses, including office, hotel, restaurant, retail, or multi-family housing. The asking price is $2,695,000, with a total square footage of 7,200 and a price per square foot of $374.31. The property was built in 1985 and offers significant potential for investors seeking to capitalize on the area's dynamic growth. The City of Lynn Haven may offer development incentives.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Map
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.649473425747
- Latitude
- 30.209921622718
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FAQs
What type of property is this?
Individual retail property - 4.2 Acres, Two Buildings, High Traffic
Where is this individual retail property located?
The property is located at 3407 Fl-77 Panama City, FL.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: $2,695,000 asking price for 4.2 acres of commercial land in Panama City, FL.; 7,200 square feet of existing retail space in two 60' x 60' buildings, plus vacant land.; High traffic location on Hwy 77 (33,065 AADT), with 330' of road frontage and dual access points.
