Mixed-Use Land for Sale in Panama City, Florida

This is an outstanding parcel of land, ideally positioned in the path of growth and is suitable for both residential and commercial development. The site includes approximately 1270 feet of frontage on Hwy 22 and 2590 Feet of frontage on Hwy 2297 (subject to survey). The City of Callaway has installed utilities infrastructure along Hwy 22 and Hwy 2297. Included in the price is a single family home, plus a Bed & Breakfast retreat house, barn and other outbuildings, but are not considered as contributory to the highest and best use and property value. The subject 75.5 acre parcel is at the gateway to Hwy 2297, which has been a steady growth corridor including the community of East Bay, just a few miles South on the shores of Cooks Bayou, Laird Bayou and East Bay, Sandy Creek Air Park with a 3300 Ft paved airsptrip, Sandy Creek Ranch, Pelican Point, Laird Point, Laird Bayou Estates and others. The Hwy 2297 corridor leads to the very active Eastern Shipbuilding Group east Bay manufacuturing facility.