000 Highway 231 Panama City, FL 32404
This exceptional 7.62-acre vacant land parcel presents a remarkable investment opportunity in Panama City, Florida. Located at 000 N Hwy 231, this 331,927 square foot site boasts unparalleled visibility and accessibility due to its direct frontage on a major highway. The property's strategic positioning ensures high traffic flow, maximizing exposure for any commercial development. This expansive lot is situated in a rapidly growing area, offering significant potential for substantial returns. The asking price for this prime commercial land is $2,500,000. Its location in Bay County, Florida, zip code 32404, provides easy access to local amenities and infrastructure. The coordinates are 30.1973686 latitude and -85.4994192 longitude. This is a rare chance to acquire a significant land holding in a thriving market, ideal for businesses seeking high visibility and convenient access. Don't miss this chance to secure a substantial tract of land in a rapidly developing area. This property is ready for immediate development and offers significant potential for future growth.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.