134 Highway 79 Panama City, FL 32413
This exceptional commercial property, located at 134 Hwy 79 Road in Panama City Beach, Florida (zip code 32413), presents a unique investment opportunity. The 0.34-acre lot is zoned for commercial use, offering significant development potential. The property boasts a total area of approximately 15,000 square feet and is ideally situated near a newly constructed hospital, pristine beaches, and the renowned Margaritaville resort. Its strategic location ensures high visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. Utilities are readily available near the site, simplifying the development process. The asking price for this Class A multifamily and self-storage permitted property is $599,900. While the current unit count is zero, the zoning allows for the development of multifamily units and self-storage facilities. This presents a blank canvas for a developer to create a profitable and desirable commercial space. The property's proximity to key attractions and its ample size make it a compelling investment opportunity with strong potential for future growth and return. The property consists of three lots, measuring approximately 100 x 150 feet. Broker co-op is available.
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.