601 Granada Cir Panama City Beach, FL 32413
This exceptional 10,193 square foot vacant lot in Panama City Beach, Florida, presents a remarkable investment opportunity. Located at 601 Granada Circle, this prime corner lot boasts a highly desirable location, just a short three-minute walk from beach access #65 and less than a mile from Pier Park. Its proximity to the ECP International Airport (13 miles) and a new healthcare campus (under 5 minutes away) further enhances its appeal. Zoned CH, this property allows for a maximum building height of 65 feet, offering breathtaking views. The property is situated in a flood zone X location, providing peace of mind. The versatility of the zoning permits both commercial and residential development, opening doors to a wide range of possibilities, including luxury condos, a resort, single-family homes, office space, or a mixed-use development. Short-term rentals are permitted, adding to the investment potential. Nature enthusiasts will appreciate the proximity to the 2900-acre Conservation Park Trailhead (under 10 minutes away), featuring over 24 miles of trails, and Frank Brown Park, Panama City Beach's largest park (less than 2 miles). This property offers an unparalleled chance to create a thriving venture in Florida's coveted Gulf Coast paradise. The asking price is $450,000. The property's zip code is 32413, and it is located in Bay 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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.