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401 Kimbrel Avenue
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PRICED AT ONLY: $8,000,000

Address: 401 Kimbrel Avenue, Panama City, FL 32404

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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  • MLS#: 754214 ( Land )
  • Street Address: 401 Kimbrel Avenue
  • Viewed: 72
  • Price: $8,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 284
  • Acreage: 16.54 acres

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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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Land Information
  • Lot Features: Cleared, IrregularLot
School Information
  • High School: Rutherford
  • Middle School: Everitt
  • School Elementary: Callaway
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Road Frontage Type: CityStreet, Highway
  • Sewer: StormSewer
  • Utilities: None
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • 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
  • Area Major: 02 - Bay County - Central
  • Parcel Number: 06277-000-000
  • The Range: 0.00
  • Views: 72
Nearby Subdivisions
[no Recorded Subdiv]   Bayou George Estates   Bayou George Hts   Bayou Oaks Estates   Blackshear-cooper 1st Add   Bylsma Manor Estates   Callaway   Callaway Point   Cedar Branch   Cedar Park Ph I   Cedar Wood Estates Ph I   Coe   Deer Point Lake   East Bay Park   East Bay Plantation   East Bay Point   East Bay Preserve   East Bay Village   East Callaway Estates   Emerald Coast Yacht Club   Horne Memory Plat   Laird Bayou   Laird Point   Laird Point Ph 01   Laird Point Ph I   Lakewood Manor U-3   Lannie Rowe Lake Ests   Long Point 1st   N/a   No Named Subdivision   North Callaway Estates   Parker   Plantation Pt 1st Add   Rolling Hills   Sandy Creek & Country Club Pha   Sandy Creek Air Park   Sandy Creek Air Park Ph Ii   Sandy Creek Ranch And Country    Springfield   Springlake   St Andrews Bay Dev Cmp   St. Andrews Bay Dev. Co.   Sweetwater Ph 6   Sweetwater Village N Ph 2   Thousand Oaks   Timberwood   Waters Edge   Woodhurst Estates  
Similar Properties

Details for 1025 Hwy 2297, Panama City, FL 32404
$8,000,000.00

1025 Hwy 2297 More Like This

Waterfront Development opportunity with access to East Bay and the Gulf of Mexico. With over 5,600 FF on Cook's Bayou, the property has a mixture of Oaks, Magnolia and Pines. +/ 150 upland acres loca

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  1. Approx. 257.00 acres
  1. MLSID: 750855
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