1025 Highway 2297 Panama City, FL 32404
Waterfront Development Opportunity With Access to East Bay and the Gulf of Mexico. With Over 5,600' on Cook's Bayou the Property Has a Mixture of Oaks, Magnolia and Pines. +/- 150 Acres is Uplands Located on a Bluff Along the Waterfront. The Majority of the Uplands is Zone X or Outside of the 500 Year Flood Zone. The Property is Zoned Conservation Habitation With a Density of 2 Units Per Acre or 514 Units . An Upland Cut Marina With Slips, Residential Docks and Dredging Could Be Entitled as Part of the Development. Located Near Eastern Shipbuilding Recently Awarded a $10.5b Us Coast Guard Contract, 20 Minutes From Tyndall Afb and 1.5 Miles From the Gulf Coast Pkwy in the Fdot's 5 Year Plan to Connect Hwy 231 to Gulf County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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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.