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271 Tyndall Pkwy Panama City, FL 32404

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Property summary

AI-generated overview

This exceptional commercial property, located at 271 N Tyndall Parkway in Panama City, Florida, presents a unique investment opportunity. The 26,397 square foot lot is situated on a prime corner, boasting exceptional visibility and accessibility at the southwest corner of Highway 22 and Tyndall Parkway (Highway 98), a high-traffic area with approximately 30,000 vehicles per day (based on 2019 FDOT data). The property is zoned Commercial within the City of Callaway and benefits from readily available public utilities. Its strategic location offers significant advantages, being less than one mile south of a major retail center (Callaway Super Walmart) and in close proximity to three of Bay County's largest employers: Tyndall Air Force Base, WestRock, and Eastern Shipbuilding. The property's APN is 24460-000-000. The asking price is $475,000, translating to a land value of $778,688.52 per acre. An adjacent, similarly situated lot is also available for purchase (MLS Number 682365). This property is ideal for a variety of commercial uses, given its high visibility, convenient location, and substantial traffic counts. The property's size and location make it a compelling investment opportunity in a thriving area of Panama City. The zip code is 32404.

Property profile

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Property type Specialty properties

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

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Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
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