00 Hwy 2297 & Hwy 22 Panama City, FL 32404

Property Details for 00 Hwy 2297 & Hwy 22

Property type

Land

Description

This exceptional 75.5-acre parcel presents a significant development opportunity in Panama City, Florida. Located at the high-traffic intersection of Hwy 22 and Hwy 2297, this prime corner lot boasts approximately 1270 feet of frontage on Hwy 22 and 2590 feet of frontage on Hwy 2297 (subject to survey). The property's strategic position places it within a rapidly growing area, making it ideal for both residential and commercial ventures. The City of Callaway has conveniently installed utility infrastructure along both highways. While the property includes a single-family home, a bed and breakfast, a barn, and other outbuildings, these structures are not considered contributory to the highest and best use and overall property value. This expansive land sits at the gateway to Hwy 2297, a corridor experiencing consistent growth, encompassing communities such as East Bay, Sandy Creek Air Park (featuring a 3300-foot paved airstrip), Sandy Creek Ranch, Pelican Point, Laird Point, and Laird Bayou Estates. The proximity to the bustling Eastern Shipbuilding Group East Bay manufacturing facility further enhances the property's investment potential. The asking price for this remarkable 3,341,052 square foot lot is $1,930,000. This is a rare opportunity to acquire a substantial land holding in a thriving Florida market.