601 Fernwood St Panama City Beach, FL 32407
- Commercial land
- 0.27 lot acres
Current Use by Public Records
- Commercial land
Property Details for 601 Fernwood St
- Lot size
- 0.27 lot acres
- Zone code
- PCB22
- Property type
- Commercial land
- APN
- 34067-000-000
- APU
- 34067000000
Description
This exceptional .28-acre (12,058 sq ft) double lot presents a remarkable investment opportunity in Panama City Beach's coveted Bahama Beach neighborhood. Situated on the corner of Hutchison Blvd. and Fernwood St., this high-intensity commercially zoned (CH PCB) property enjoys a prime location near thriving new residential and tourist developments, ensuring easy access to major thoroughfares. Its proximity to the Gulf of Mexico—approximately 1200 feet from Beach Access 45—adds significant value. The CH (PCB) zoning allows for a diverse range of uses, including short-term rentals, making it ideal for investors seeking high returns. Additionally, the zoning permits the construction of a single-family dwelling, duplex, or triplex, offering flexibility for residential development. Potential buyers should independently verify all permitted uses with the local Planning and Zoning department and confirm short-term rental details with Code Enforcement. This level lot features light vegetation, simplifying site preparation. Its dimensions are 116.5 ft by 103.5 ft, and its location within a golf cart-friendly neighborhood with multiple beach access points (44-49) within a half-mile radius further enhances its appeal. This rare offering presents a unique chance to capitalize on Panama City Beach's booming real estate market. The asking price is $425,000.
Value Estimation
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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 Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.8397
- Latitude
- 30.1985
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
