1616 Allison Ave Ave Panama City Beach, FL 32407

This exceptional 342,817 square foot vacant land parcel presents a remarkable investment opportunity in Panama City Beach, Florida. Located at 1616 Allison Avenue, this expansive 7+ acre site boasts a highly desirable location near numerous attractions and shopping amenities, offering unparalleled convenience for future development. Its proximity to the Navy Base, within 3 miles, adds significant strategic value. Currently zoned R5-A Multi-Family Light, the property is poised for substantial development, with the Coastal Plan allowing for an estimated 127 units. This presents a unique chance to capitalize on the thriving Panama City Beach real estate market and create a significant residential project. The property's size and zoning make it ideal for a variety of multi-family developments, catering to the area's growing population and tourism sector. The asking price for this exceptional property is $3,000,000. All information should be verified independently by the buyer. This is a rare opportunity to acquire a large, well-located parcel in a booming coastal market. Don't miss out on this chance to build your next successful venture. The property is situated in Bay County, Florida, with a zip code of 32407. The coordinates are 30.1866515 latitude and -85.7884823 longitude.