to Utive Panama Principal Rd Panama City, FL 32404
- Land
- 155.00 lot acres
Current Use by Public Records
- Land
Property Details for to Utive Panama Principal Rd
- Lot size
- 155.00 lot acres
- Property type
- Land
Description
This exceptional 155-acre commercial land parcel presents a unique investment opportunity in Callaway, Florida. Located on the Principal Road to Utive, Panama, this property boasts a prime location less than 5 kilometers from the final station of Metro Line 2 and approximately 3 kilometers from the Tacoma International Airport. Its strategic position places it within a corridor of significant commercial and residential growth. The land is zoned for residential use and has pre-approval for 165 single-family residential lots following the removal of an estimated 14 million cubic meters of extractable fill dirt. This substantial amount of fill dirt represents a valuable commodity in high demand for numerous large-scale development projects within Panama City. The property's existing infrastructure includes readily available water, electricity, and telephone services. Given its size, location, and zoning, this land offers significant potential for high-density, entry-level housing development, catering to a substantial market need. The substantial fill dirt reserves further enhance the property's value and development potential, making it an attractive proposition for both residential and commercial developers seeking a strategic foothold in a rapidly expanding area. The property's proximity to major transportation links and existing utilities ensures seamless integration into the surrounding community.
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
