00 Tbd Panama City Beach, FL 32413
This exceptional 18,304-square-foot retail space is situated within the vibrant Watersound West Bay Center, a lifestyle shopping center ideally located at the entrance of the Latitude Margaritaville Watersound residential community in Panama City Beach, Florida. Directly accessible from Highway 79, this single-tenant property offers unparalleled visibility and accessibility to a large and growing residential population. The building, a one-story structure, is part of a larger mixed-use development planned to encompass up to 350,000 leasable square feet. Future development plans include a major grocery anchor tenant and a diverse mix of retail, restaurant, medical, and office spaces, creating a thriving commercial hub. This specific retail space is slated for completion in the fourth quarter of 2025. Lease terms include a base rent and percentage rent structure, with a tenant improvement allowance provided to facilitate build-out. The property's parcel number is 32492-000-000, and its address is 00 TBD, Panama City Beach, FL 32413. This presents a unique opportunity for businesses seeking high-traffic exposure in a rapidly expanding community. The property's location offers exceptional potential for strong returns on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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