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Property profile & analytics
OFF-MARKET
Specialty properties

00 Business Hwy Panama City, FL 32404

0.54 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Lot 0.54 ac (23,522 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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