00 Business Hwy Panama City, FL 32404
- Specialty properties
- 0.54 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 00 Business Hwy
- Lot size
- 0.54 lot acres
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional 0.54-acre commercial land parcel in Panama City, Florida, presents a unique investment opportunity. Located at 00 E Business Highway 98, zip code 32404, this property offers ten buildable lots, perfect for developing townhomes. All underground utilities are already in place, simplifying the construction process and reducing upfront costs. The site is conveniently situated near the SunBay subdivision, offering easy access to the beach and proximity to the Tyndall Bridge and Callaway. This prime location benefits from existing infrastructure and the established residential community of SunBay. Importantly, these lots are not subject to HOA fees, providing additional cost savings and flexibility for developers. The asking price is $419,900, and owner financing is available, making this an attractive proposition for investors seeking a lucrative development project in a desirable coastal location. The property is classified as "Special Purpose, Land" and is zoned for commercial use. This presents a rare chance to acquire a substantial land holding with significant development potential in a thriving Florida market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.4994
- Latitude
- 30.1974
