$ 8,000,000
401 N Kimbrel AVE Panama City, FL 32404
Save 
Share Schedule a Tour
REQUEST A TOUR
In-PersonVirtual Tour
REQUEST A TOUR
In-PersonVirtual Tour
$ 8,000,000
Est. payment | /mo
16.54 Acres Lot
$ 8,000,000
Est. payment | /mo
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 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 owners have completed the initial work and preparation. The potentially 400 door multifamily development has been cleared. The 16.5 acre parcel is opportunistically situated along busy highway22 and also connects to highway 98. All pre-development work and permits have been issued. Property is located along a main artery of the area on both sides. 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 opportunities. It lies in 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 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 potential for growth and prosperity.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Exterior
Utilities Available None
Waterfront No
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
Listed by Coldwell Banker Realty
Find out why customers are choosing LPT Realty to meet their real estate needs