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    00 Business Hwy Panama City, FL 32404

    For Sale
    $419,900

    10 Buildable Lots, Owner Financing!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.54-acre commercial land parcel in Panama City, Florida, presents a unique investment opportunity. Located at 00 E Business Highway 98, zip code 32404, this property offers ten buildable lots, perfect for developing townhomes. All underground utilities are already in place, simplifying the construction process and reducing upfront costs. The site is conveniently situated near the SunBay subdivision, offering easy access to the beach and proximity to the Tyndall Bridge and Callaway. This prime location benefits from existing infrastructure and the established residential community of SunBay. Importantly, these lots are not subject to HOA fees, providing additional cost savings and flexibility for developers. The asking price is $419,900, and owner financing is available, making this an attractive proposition for investors seeking a lucrative development project in a desirable coastal location. The property is classified as "Special Purpose, Land" and is zoned for commercial use. This presents a rare chance to acquire a substantial land holding with significant development potential in a thriving Florida market.

    Property Features for 00 Business Hwy

    General Information

    Property type
    Land
    Lot Size
    23,522 SF

    HighLights

    • Asking price: $419,900
    • 0.54‑acre commercial land parcel in Panama City, Florida
    • Located on E Business Highway 98, near Tyndall Parkway and SunBay subdivision
    • Ten buildable lots with underground utilities already in place
    • Potential for ten townhomes; no HOA fees. Close to beach access, Tyndall Bridge, and Callaway. Owner financing available.
    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 - 10 Buildable Lots, Owner Financing!
    Where is this land located?
    The property is located at 00 Business Hwy Panama City, FL.
    What is the asking price?
    The asking price for this property is $419,900.
    What are key features of this property?
    This property features: Asking price: $419,900; 0.54-acre commercial land parcel in Panama City, Florida; Located on E Business Highway 98, near Tyndall Parkway and SunBay subdivision
    Request Owner's contact information
    00 Business Hwy Panama City, FL 32404
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    00 Business Hwy
    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
    00 Business Hwy Panama City, FL 32404
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