3715 Airport Dr Panama City, FL 32405
Discover an exceptional investment opportunity with this 2.12-acre commercial lot, ideally situated adjacent to the 700-acre Sweetbay master-planned community. Boasting easy access to the newly improved Highway 390, this flat parcel is free from wetlands and easements, ensuring straightforward development. Specifically approved for a 100,000-sq.-ft., three-story climate-controlled storage facility, this lot offers versatile possibilities, including the potential for office spaces or other commercial uses. Positioned close to the emerging Sweetbay town center, a coming-soon Publix supermarket, and a marina, this property benefits from the area's rapid growth and increasing demand. A gas station conveniently located across the street further enhances its appeal. Originally zoned residential, the property has been meticulously rezoned for commercial use, highlighting its prime suitability for high-yield investment ventures. With the ongoing development in Sweetbay, this lot promises substantial income opportunities and a strategic foothold in a flourishing community.
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.