000 Highway 231 Panama City, FL 32404
This exceptional 7.62-acre vacant land parcel presents a remarkable investment opportunity in Panama City, Florida. Located at 000 N Hwy 231, this expansive 331,927 square foot property boasts unparalleled visibility and accessibility due to its direct frontage on a major highway. The high traffic volume ensures significant exposure for any commercial development, maximizing brand recognition and attracting a large customer base. Situated in Bay County, Florida, zip code 32404, this strategically positioned land offers an ideal location for a wide range of commercial ventures. Its substantial size allows for considerable flexibility in development plans, catering to various business needs and scales. The property's prime location within a rapidly growing area promises strong future appreciation, making it an attractive investment for both short-term and long-term gains. This is a rare chance to acquire a significant land holding in a thriving market. The asking price for this exceptional property is $2,500,000. Don't miss this opportunity to secure a prominent location for your next commercial endeavor.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.