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    Highway 231 Panama City, FL 32404

    Sponsored
    For Sale
    $900,000

    80 Acres, US Hwy 231 Frontage, Panama City

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 80-acre (±) property boasts significant frontage on US Highway 231 in Bay County, Florida. Currently zoned AG-1, this expansive parcel presents a unique opportunity for diverse development possibilities. Its strategic location in unincorporated Panama City, Florida, near the intersection of US Hwy 231 and zip code 32404, offers unparalleled access and visibility. The property's substantial size allows for large-scale projects, and with a land use change, it would be ideally suited for extensive residential development. All measurements are estimates. The property's APN is 05468-000-000. The asking price for this remarkable investment opportunity is $900,000. Given its size, location, and potential for future development, this property represents a significant investment in a rapidly growing area. The property is classified as Industrial, Commercial, and Residential land. Serious inquiries are encouraged to explore the full potential of this prime real estate offering. This is a rare chance to acquire a substantial land holding with exceptional highway frontage in a desirable Florida location.

    Property Features for 0 Highway 231

    General Information

    Property type
    Land
    Lot Size
    3,484,800 SF
    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 - 80 Acres, US Hwy 231 Frontage, Panama City
    Where is this land located?
    The property is located at Highway 231 Panama City, FL.
    What is the asking price?
    The asking price for this property is $900,000.
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    Highway 231 Panama City, FL 32404
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    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
    Highway 231 Panama City, FL 32404
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