11800 Panama City Beach Pkwy Panama City Beach, FL 32407
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.