Property profile

11800 Panama City Beach Pkwy Panama City Beach, FL 32407

OFF-MARKET
Land
2.29 ac lot
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Property summary

AI-generated overview

This exceptional 2.29-acre commercial land parcel presents a prime investment opportunity in Panama City Beach, Florida. Situated at the highly visible, signalized intersection of Panama City Beach Parkway and Alf Coleman Road, this property boasts approximately 369 feet of frontage and 270 feet of depth (exact dimensions to be confirmed by survey). The location benefits from an impressive average daily traffic count of 52,000 vehicles, ensuring maximum exposure for any development. Zoned Commercial High Intensity (CH) within the city limits, this site is ideally suited for a wide range of commercial ventures. Further enhancing its appeal, a new retail development with a dedicated access road is planned immediately west of the property. While an existing Woodlawn Church sign easement will remain, this does not detract from the significant potential of this exceptional location. All offers must be submitted by the close of business on Friday, November 15, 2024. The asking price is $3,210,000. The APN is 34034-002-000.

Property profile

Verified
Property type Land
Lot 2.29 ac (99,752 SF)

Cap rate & NOI

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

Location

11800 Panama City Beach Pkwy Panama City Beach, FL 32407
Panama City Beach metro
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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