Homes for sale - 401 N Kimbrel AVE, Panama City, FL 32404

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Shantel Peterson

[email protected] +1(850) 543-9000

$ 8,000,000

Est. payment | -/mo

16.54 Acres Lot

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$ 8,000,000

Est. payment | -/mo

Save Virtual Tour

16.54 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision No Named Subdivision

MLS Listing ID 754214

HOA Y/N No

Lot Size 16.540 Acres

Acres 16.54

Property Sub-Type Commercial

Property Description

LOCATION! LOCATION! LOCATION!Discover an exceptional opportunity with this 16.53-acre parcel situated at 401 N Kimbrel Avenue in the dynamic and developing Panama City, Florida. Boasting a prime location that is conveniently close to educational institutions, recreational areas, and vital employment hubs, including Tyndall Air Force Base, this site is ideal for developers looking to respond to the city's current and future housing needs. The property offers ample space for a significant multi-family residential project, with zoning classification R5-A, which allows for the construction of up to 25 residences per acre. The max allowable units in this location is 413. We are excited to welcome investors to the market for a development-ready project after Seller has completed the initial work and preparation. The potentially 400 door multifamily development has been cleared. The 16.5 acre parcel is situated along the major thoroughfare in the area, Highway22 and also connects to the main artery of the Bay County, Highway 98. All pre-development work and permits have been issued. The property is within a 30-minute drive to the sugary sands of the Panama City, Beach and offers various ecotourism opportunities. In a quick 15 minute drive, you will arrive to the revitalized Downtown Panama City, with its walkable shopping and waterfront dining venues. It lies within a strategic locale and is well-positioned outside the flood zone, making it a valuable find for a visionary development tailored to accommodate the influx of professionals and their households. This offering is a cornerstone opportunity to contribute to the area's resurgence with a development that captures the spirit of growth. This versatile plot stands ready for a transformative development that will cater to both civilian and military families, contributing to the rejuvenation of the community. Capitalize on the opportunities of Panama City by investing in a property that offers promising growth and profits. Buyers are encouraged to submit offers as they seek updated zoning to address their needs.

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Fireplace No

Exterior

Utilities Available None

Building

Lot Description Cleared, Irregular Lot

Sewer Storm Sewer

Schools

Elementary Schools Callaway

Middle Schools Everitt

High Schools Rutherford

Others

Tax ID 06277-000-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://media.panhandleproductions.net/videos/018ea433-5a21-701e-b157-8759670e0d15

Listed by Coldwell Banker Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(850) 543-9000

[email protected]

Niceville, Florida, 32578, USA

401 N Kimbrel AVE Panama City, FL 32404