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401 N Kimbrel Avenue

Panama City, FL 32404
  • $8,000,000
  • STATUS: Active
  • ON SITE: 76 Days
  • MLS #: 754214
UPDATED: 74 min ago
$8,000,000
  • 0
    BEDS
  • 16.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Bay

School Information

Elementary School:
Middle School:
High School:

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.

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© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Data last updated: 2024-05-29T21:03:54.463.
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401 N Kimbrel Avenue Panama City, FL 32404

  • Price: $8,000,000
  • Status: Active
  • On Site: 76 Days
  • Updated: 74 min ago
  • MLS #: 754214
0
Beds
0
Baths
0
½ Baths
16.54
Acres
Neighborhood:
No Named Subdivision
County:
Bay
Area:
Bay County-Central
Elementary School:
Callaway
Middle School:
Everitt
High School:
Rutherford
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.
Exterior Features

Lot Features Cleared Irregular Lot Road Frontage Type City Street Highway Road Surface Type Paved

Property Features

Association YN No Documents Available Soil Test Survey Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional Lot Size Dimensions IRREGULAR Property Sub Type Commercial Sewer Storm Sewer Utilities None Waterfront YN No Zoning Description City Commercial Multi- Family Resid Multi- Family

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Coldwell Banker Realty: (850) 234-6696. Listing information © 2024 Central Panhandle Association of Realtors MLS.


© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Data last updated: 2024-05-29T21:03:54.463.
 
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Berkshire Hathaway HomeServices Beach Properties of Florida
15750 Panama City Beach Pkwy., Unit 140
Panama City Beach FL, 32413