Property profile

0 Panama City Beach Pkwy Panama City Beach, FL 32407

OFF-MARKET
Land
1.35 ac lot
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Property summary

AI-generated overview

This exceptional 1.35-acre commercial lot presents a rare development opportunity in Panama City Beach, Florida. Located on Panama City Beach Parkway (Highway 98), this hard corner lot boasts 300 feet of frontage on a major arterial road experiencing 52,000 daily vehicle trips. Its strategic location offers unparalleled visibility and accessibility, situated amongst established national retailers including Home Depot, Chick-fil-A, Starbucks, and a Publix shopping center. The property's convenient location is further enhanced by its proximity to the 10x Living apartment complex and a residential neighborhood. Development is simplified with offsite master stormwater retention already in place, and all utilities are stubbed to the site, making it pad-ready for immediate construction. This is one of only six remaining commercial lots available on this highly trafficked thoroughfare, representing a unique chance to capitalize on Panama City Beach's thriving commercial market. The lot's single-tenant zoning allows for flexibility in development plans, catering to a variety of commercial uses. The 32407 zip code ensures easy access to the area's amenities and attractions. Don't miss this exceptional opportunity to secure a prime piece of Panama City Beach real estate.

Property profile

Verified
Property type Land
Lot 1.35 ac (58,806 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Panama City Beach Pkwy Panama City Beach, FL 32407
Panama City Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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