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    to Utive Panama Principal Rd Panama City, FL 32404

    For Sale
    Contact for pricing

    155 Acres, Residential Zoning, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 155-acre commercial land parcel presents a unique investment opportunity in Callaway, Florida. Located on the Principal Road to Utive, Panama, this property boasts a prime location less than 5 kilometers from the final station of Metro Line 2 and approximately 3 kilometers from the Tacoma International Airport. Its strategic position places it within a corridor of significant commercial and residential growth. The land is zoned for residential use and has pre-approval for 165 single-family residential lots following the removal of an estimated 14 million cubic meters of extractable fill dirt. This substantial amount of fill dirt represents a valuable commodity in high demand for numerous large-scale development projects within Panama City. The property's existing infrastructure includes readily available water, electricity, and telephone services. Given its size, location, and zoning, this land offers significant potential for high-density, entry-level housing development, catering to a substantial market need. The substantial fill dirt reserves further enhance the property's value and development potential, making it an attractive proposition for both residential and commercial developers seeking a strategic foothold in a rapidly expanding area. The property's proximity to major transportation links and existing utilities ensures seamless integration into the surrounding community.

    Property Features for to Utive Panama Principal Rd

    General Information

    Property type
    Land
    Lot Size
    6,751,800 SF

    HighLights

    • 155‑acre commercial land parcel with 14 million cubic meters of extractable fill dirt.
    • High‑demand fill dirt suitable for large‑scale Panama City development projects.
    • Pre‑approved for 165 single‑family residential lots post‑fill dirt removal.
    • Residential zoning allows for high‑density, entry‑level housing development.
    • Less than 5 kilometers from Metro Line 2's final station.
    • Approximately 3 kilometers from Tacoma International Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.4994192
    Latitude
    30.1973686

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    FAQs

    What type of property is this?
    Land - 155 Acres, Residential Zoning, High Potential
    Where is this land located?
    The property is located at to Utive Panama Principal Rd Panama City, FL.
    What are key features of this property?
    This property features: 155-acre commercial land parcel with 14 million cubic meters of extractable fill dirt.; High-demand fill dirt suitable for large-scale Panama City development projects.; Pre-approved for 165 single-family residential lots post-fill dirt removal.
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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
    to Utive Panama Principal Rd Panama City, FL 32404
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