Current Use by Public Records
- Specialty properties
Property Details for 7729 Us-231
- Property type
- Specialty properties
Description
This exceptional 12-acre parcel, located at 7729 US-231 in Panama City, Florida, presents a compelling investment opportunity. Boasting 670 feet of road frontage on Highway 231 and Penny Road, this property benefits from a daily traffic count of 30,500 vehicles. Its strategic location directly across from the Port Panama City Intermodal Distribution Center, a hub of significant industrial growth, ensures high visibility and accessibility. The property is included in a planned Florida Department of Transportation (FDOT) highway expansion project to six lanes, further enhancing its future potential. The expansive 523,591 square foot site sits on a 522,720 square foot lot. This prime location offers convenient access to Panama City Beaches International Airport (23 miles), downtown Panama City (11 miles), major medical facilities, Tyndall Air Force Base, and city hall. The property's potential extends beyond its current size, with the option to expand to approximately 18 acres. This makes it an ideal investment for developers seeking significant growth and high-impact exposure in a rapidly developing area of Panama City North. The asking price for this remarkable property is $950,000.
Value Estimations
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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
- -85.5191
- Latitude
- 30.2759
