6725 Highway 231 Panama City, FL 32404
This exceptional 86,684 square foot vacant commercial lot presents a rare opportunity in the rapidly developing North Bay County area of Panama City, Florida. Located at 6725 Highway 231, this property boasts significant frontage on both Highway 231 and County Road 2301, ensuring high visibility and accessibility for any business. The asking price is $500,000. With its strategic location, the lot benefits from substantial traffic counts on both major roadways, providing excellent exposure for potential businesses. The ease of ingress and egress, thanks to access from both Highway 231 and County Road 2301, further enhances its appeal. Given the current growth in residential development in North Panama City, the demand for commercial properties is increasing, making this a particularly attractive investment. The two-acre lot offers unlimited possibilities for a wide range of commercial ventures, capitalizing on the area's expanding population and economic activity. This is a truly unique opportunity to secure a prime commercial location in a thriving market. The property is zoned for commercial use (verification of zoning is recommended). The zip code is 32404.
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.