7739 Us-231 Panama City, FL 32404
This exceptional 60,000 square foot commercial lot is ideally situated on US Highway 231 in Panama City, Florida, at the corner of Morningside Drive. Boasting a prime location directly across from a major intermodal distribution center, this property benefits from high visibility and exceptional access to crucial transportation routes. The site is part of a larger 4.1-acre parcel, with two additional 60,000 square foot lots available for purchase. The property is already prepared for immediate development, having been cleared and filled to ensure a "shovel-ready" status. County GIS data indicates an elevation of 55-60 feet above sea level. This location enjoys significant traffic volume, with a recorded 27,500 AADT (Average Annual Daily Traffic) and projected growth. The property is strategically positioned just ten miles from the intersection of Highways 231 and 77, within a rapidly expanding area. Furthermore, the property is situated near a planned six-lane enhancement project on Highway 231 and on the edge of new industrial development. An additional 12.4 acres of adjacent land are also available for acquisition, presenting a unique opportunity for large-scale development. The asking price for this exceptional property is $250,000. This is a rare opportunity to secure a highly desirable commercial site in a thriving Florida market. The property is zoned for commercial use and is ready for immediate development.
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
Physical attributes from public recordsZoning & alternative use
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.