5312 Highway 22 Panama City, FL 32404

Property Details for 5312 Highway 22

Property size

187,308 SF

Property type

Commercial real estate

Description

This exceptional 187,308 square foot parcel, located at 5312 E Highway 22 in Panama City, Florida (zip code 32404), presents a unique investment opportunity. Currently zoned for mixed-use development, the property boasts a comprehensive development order and all necessary permits for the creation of 21 individual lots, each spanning approximately 8,919 square feet. The expansive lot size offers significant flexibility for a variety of development projects. Furthermore, the zoning allows for the construction of a hotel or motel as a conditional use, opening up additional avenues for potential investors. This prime location in Bay County offers easy access to major transportation routes and is situated within a thriving community. The property consists of five separate parcels, identified by the following Parcel IDs: 24467-000-000, 24466-000-000, 24465-000-000, 24464-000-000, and 24463-000-000. Offered at $749,000, this property represents a compelling opportunity to capitalize on the growing demand for commercial and hospitality development in Panama City. The existing permits significantly reduce development timelines and associated costs, making this a truly turnkey investment. Don't miss this chance to acquire a substantial piece of prime Florida real estate with significant upside potential.