000 Highway 231 Panama City, FL 32404
This exceptional 80-acre commercial and industrial land parcel presents a unique investment opportunity in Panama City, Florida. Boasting approximately 3,700 feet of frontage along U.S. Highway 231, including a median-cut on the north end, this property offers unparalleled visibility and accessibility. Currently zoned AG-1, the land is ideally positioned for future development as a commercial or industrial site, particularly given its proximity to key infrastructure. Located just half a mile north of the main entrance to Port Panama City's Intermodal Distribution Center on Commerce Boulevard, this location benefits from existing and planned infrastructure improvements. The property's adjacency to the Intermodal Distribution Center, coupled with the construction of a new 250,000 square foot FedEx distribution center, underscores its strategic value. Rail service is readily available, enhancing logistical capabilities. The asking price is $900,000. APN: 05468-000-000. Note that measurements are estimates. This property's potential is amplified by the possibility of land use change to industrial zoning and incorporation into Panama City limits. This prime location offers significant advantages for businesses seeking a strategic presence in this rapidly growing area.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.