16.5 Acres of Land for Sale in Panama City, Florida

401 N Kimbrel Ave, Panama City, FL 32404

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16.5 Acres of Land for Sale in Panama City, Florida
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$8,000,000
16.54 acres
Active sale agoEst $80,968/mo

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.

Directions

From Tyndall Parkway intersection, turn on Hwy. 22 north, continue north on Hwy. 22 aprox. 1/2 mile, left turn on Kimbrel N. and property is located on the left side of Kimbrel N.

Property details

County
Bay County
Coordinates
30.1543, -85.5842
Elevation
36 feet
MLS Number
BCAR 754214
Date Listed

Legal description

7 4S 13W -206.3- 131C2 ST AND BAY DEV CO PLAT LOTS 43,44,53,54,59 & 60 LESS AND EXCEPT COM AT THE SW COR OF LOT 59 TH RUN NORTH ALONG THE E R/W LINE OF GAY AV 857.78' TO THE N LINE OF LOT 43 TH RUN E 353.90' TO THE W EDGE OF DRAINAGE DITCH TH RUN SLY ALONG EDGE OF DITCH 882.2' M/L TO THE NLY R/W LINE OF HWY 22 TH RUN W ALONG SAID NLY R/W LINE OF HWY 22 496.50' TO POB

Parcels

  • 06277-000-000

Resources

This 16.54-acre property is located at 401 N Kimbrel Ave in Panama City, FL 32404 with latitude 30.1543 and longitude -85.5842. The property is currently available for sale for $8,000,000 with a price per acre of $483,676. Listing data is sourced from Central Panhandle Association of Realtors # 754214.

Verify sale details at the property source or contact Coldwell Banker Realty at (850) 814-0037.

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Copyright (C) 2024 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Listing checked and updated . Parcel data by Regrid.

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Land for sale in Panama City, FL