8509 Panama City Bch Pkwy Upper Grand Lagoon, FL 32408
- Retail properties
- 53,200 SF
- 1.36 lot acres
Current Use by Public Records
- Retail properties
Property Details for 8509 Panama City Bch Pkwy
- Lot size
- 1.36 lot acres
- Property size
- 53,200 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 1.35-acre commercial land parcel in Panama City Beach, Florida, presents a remarkable investment opportunity. Located at 8509 Panama City Beach Pkwy, this C-3 zoned property boasts 53,200 square feet and is priced at $1,495,000 ($25.29/sq ft). Situated on Back Beach Road (Hwy 98), it benefits from high visibility and accessibility, with an average daily traffic count of 50,000 vehicles (combining Front Beach Rd and Back Beach Rd). The property features 235 feet of frontage on Back Beach Road, offering excellent exposure. This location is strategically positioned approximately 1.25 miles west of the Hathaway Bridge, providing easy access to the vibrant Emerald Coast, including nearby Laguna Beach and Rosemary Beach. The site is conveniently located near the St. Joe-Publix Sports Complex and benefits from a newly installed median cut realignment, improving direct access. Furthermore, the property includes wetlands mitigation permits, filling, entitlements, boundary and topographical surveys, and clear title (Stewart Title). Building permits are estimated to take approximately 90-120 days from submission, contingent upon the purchaser's engineer and architect meeting Bay County Government's site plan and building code requirements. Utilities, including central water, sewer, and electricity, are readily available. This prime location offers significant potential for various commercial developments, capitalizing on the area's robust tourism and growth.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Upper Grand Lagoon
- County
- Bay
- State
- Florida
- Longitude
- -85.7359
- Latitude
- 30.1476
