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2150 Martin Luther King Jr Blvd Panama City, FL 32405

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Prime Mixed-Use, 54 Acres, 600,000 SF

Lot size:
600,000 SF

Property Features for 2150 Martin Luther King Jr Blvd

General Information

Property type
Multifamily properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
600,000 SF

Spaces For Lease

at 2150 Martin Luther King Jr Blvd, Panama City, FL 32405 Contact us

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Listing Contact
Evan Staley

Listing Agency: Hendon Properties Listing Agent: Evan Staley

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 54.15-acre site presents a unique mixed-use redevelopment opportunity in the heart of Panama City, Florida. The property encompasses a substantial 600,000 square feet of vacant commercial space, ripe for revitalization following Hurricane Michael in 2018. This expansive footprint allows for a diverse range of development possibilities, including a large-scale commercial project, with ample space for retail establishments, restaurants, and entertainment venues. The significant acreage also offers the potential for the addition of residential components, such as apartments or a hotel, creating a vibrant and self-contained community. The availability of outparcels provides further flexibility for development and strategic partnerships. This is a rare chance to shape the future of a key location in Panama City, capitalizing on the significant demand for new commercial and residential spaces in a rapidly recovering market. The scale of this project offers substantial returns for a developer with a vision for a dynamic and thriving mixed-use development. The sheer size and potential of this property make it an unparalleled investment opportunity in a desirable Florida location. All 600,000 square feet is currently vacant, providing a blank canvas for a transformative project. The extensive acreage allows for ample parking and expansive landscaping, enhancing the overall appeal and functionality of the development.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Panama City Mall Shopping Center & Mall VIP Cinemas Cinema SNIPES Clothing & Fashion Store Olan Mills Photography Service Shores of Panama by ... Hotel & Motel

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Panama City
County
Walton
State
Florida
Longitude
-85.649883985365
Latitude
30.185664959451

FAQs

What type of property is this?
Multifamily property - Prime Mixed-Use, 54 Acres, 600,000 SF
Where is this multifamily property located?
The property is located at 2150 Martin Luther King Jr Blvd Panama City, FL.
What are key features of this property?
This property features: Post-Hurricane Michael redevelopment opportunity.; Outparcels available for development.; Potential for apartment and hotel development.
(404) 262-7400 Call to check price and availability
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