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$ 4,400,000
Est. payment | /mo
235,224 SqFt
$ 4,400,000
Est. payment | /mo
235,224 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 235,224 sqft
Price per Sqft $18
MLS Listing ID 1003060
Lot Size 5.400 Acres
Acres 5.4
Lot Dimensions 345 x 700
Source Emerald Coast Association of REALTORS®
Property Description
Exceptional commercial development site located on highly traveled Panama City Beach Parkway in the center of the fastest-growing corridors in Panama City Beach. This high-visibility parcel is zoned GC-3 General Commercial within unincorporated Bay County. The property includes approximately 345 feet of frontage on Panama City Beach Parkway with 700 feet of depth. The annual average daily traffic count is estimated at an impressive 44,500 vehicles. The property provides outstanding flexibility for retail, mixed-use, hospitality/hotel, multi-family, medical, automotive, restaurant, self-storage, office, or large-scale commercial development opportunities. Strategically positioned near the rapidly expanding Publix Sports Park corridor on Chip Seal Parkway, the property benefits from substantial ongoing residential, recreational, and infrastructure growth throughout the surrounding area. The sports complex features championship-caliber soccer and multi-purpose athletic fields that attract year-round regional and national tournaments, generating significant visitor traffic and economic impact for the area. The site is also located near the new A. Gary Walsingham Academy Elementary School and continuing residential expansion surrounding the Breakfast Point and Chip Seal Parkway developments, creating strong long-term demand drivers for commercial services, retail, restaurants, medical users, and neighborhood-oriented businesses. Additional area growth is being fueled by ongoing roadway and infrastructure improvements, including the expansion and connectivity plans surrounding Philip Griffitts Parkway and Chip Seal Parkway, designed to improve traffic flow and accessibility throughout Panama City Beach. The property also includes a large building with 9,180 square feet of space. The building includes approximately 5,000 square feet of warehouse, four--12' x 14' roll up doors, 14' clear ceiling height, and 4,000 square feet of office-showroom. The property is currently leased by HERC Rental with the lease expiring on May 31, 2027. Property Highlights " Approximately 345' of Panama City Beach Parkway frontage " Excellent visibility and accessibility " AADT 44,500 " Minutes from beaches, schools, sports facilities, and major residential growth " Located within a rapidly expanding commercial corridor " Ideal for hospitality, mixed-use, medical, automotive sales, or investment development With continued explosive growth throughout the east end of Panama City Beach and limited remaining commercial frontage opportunities along this corridor, this property represents a premier long-term investment and development opportunity.
Location
State FL
County Bay
Area 27 - Bay County
Direction Located on the east-end of Panama City Beach Parkway on the north side. Adjacent to Cube Smart Self Storage and just west of Chip Seal Parkway.
Exterior
Garage No
Building
Faces Located on the east-end of Panama City Beach Parkway on the north side. Adjacent to Cube Smart Self Storage and just west of Chip Seal Parkway.
New Construction No
Others
Pets Allowed No
Tax ID 27904-000-000
Listed by Christopher S McCall Counts Real Estate Group Inc
Nearby Locations
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