00 Hwy 22 & Hwy Panama City, FL 32404
- Specialty properties
- 217,800 SF
- 76.70 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 00 Hwy 22 & Hwy
- Lot size
- 76.70 lot acres
- Property size
- 217,800 SF
- Property type
- Specialty properties
Description
Exceptional 76.7-acre development opportunity in Panama City, Florida, strategically located at the intersection of Highway 22 and Highway 2297. This prime parcel boasts 1270 feet of frontage on Highway 22 and 2590 feet of frontage on Highway 2297, offering significant visibility and accessibility. The property is situated in a rapidly growing area, just three miles east of Callaway, and is surrounded by established residential subdivisions including Sandy Creek Ranch, East Bay, Pelican Point, and Laird Bayou Estates. City utilities, including sewer and water, are already in place, simplifying the development process. The asking price is $1,950,000. While the property includes a single-family home and outbuildings, these structures are not considered contributory to the highest and best use. The property's substantial size and location, coupled with the planned Gulf Coast Parkway project (FDOT) providing direct access between Mexico Beach and Highways 22 and 231, present a compelling investment opportunity for both residential and commercial development. The total square footage is 217,800. This is a rare chance to acquire a large tract of land poised for significant appreciation 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
- -85.4983
- Latitude
- 30.1526
