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9905-9909 Highway 79
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PRICED AT ONLY: $750,000

Address: 9905-9909 Highway 79, Panama City Beach, FL 32413

Description

This is an excellent opportunity for future commercial development in Panama City Beach, Florida, less than a mile north of Latitude Margaritaville, a booming master planned community by St. Joe, featuring 3,500 new construction homes as well as a Publix Super Market anchored shopping center that has just broken ground. Plans call for the Watersound West Bay Center, which has the potential to include approximately 350,000 square feet of leasable space at build out, to feature a mix of retail, restaurant, office and medical space.St. Joe plans to bring an additional 3300 residential units and 450,000 sq ft of commercial space directly across Hwy 79.Two separate parcels are combined here (9909 & 9905), offering 1.78 acres of land and 335' of road frontage on Hwy 79, with AADT of 16,200. The Northwest Florida Beaches International Airport, ranked the 4th fastest growing airport in the Unites States, is a little over 3 miles to the east. The new Tallahassee Memorial Hospital complex is just 6 miles to the south, with the first building opened this past summer and a large campus planned over 87 acres.This property is zoned Village Center, which allows for a multitude of uses, including R 5 (Residential), C 1 (Neighborhood Commercial), C 2 (Plaza Commercial), C 4 (Research and Design), Public Institutional, Parks and Open Space, Civic use and others. Village Center zoning allows for 15 dwelling units per acre. The current owners also applied for and received a CUP approval for operation of a WAREHOUSE FACILITY. Buyer is encouraged to contact Bay County Planning and Zoning to verify all zoning information. 2 septic systems, 2 well houses, and 2 power poles exist on site, along with numerous RV hookups. FDOT has already approved an entrance from 79 to property. Soil borings and geotechnical reports have been completed for a warehouse and can convey.Previous owners also explored an RV park as a possible development. The county currently allows 8 RV hookups, and owners have previously rented those at $850/spot/mo, which presents an opportunity to offset holding costs until development. Existing RV hookups and water connections are on site now. This is the perfect opportunity to seize a commercial development opportunity in a booming area!

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More Like This
  • MLS#: 766588 ( Land )
  • Street Address: 9905-9909 Highway 79
  • Viewed: 18
  • Price: $750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 28
  • Acreage: 1.78 acres

Description

This is an excellent opportunity for future commercial development in Panama City Beach, Florida, less than a mile north of Latitude Margaritaville, a booming master planned community by St. Joe, featuring 3,500 new construction homes as well as a Publix Super Market anchored shopping center that has just broken ground. Plans call for the Watersound West Bay Center, which has the potential to include approximately 350,000 square feet of leasable space at build out, to feature a mix of retail, restaurant, office and medical space.St. Joe plans to bring an additional 3300 residential units and 450,000 sq ft of commercial space directly across Hwy 79.Two separate parcels are combined here (9909 & 9905), offering 1.78 acres of land and 335' of road frontage on Hwy 79, with AADT of 16,200. The Northwest Florida Beaches International Airport, ranked the 4th fastest growing airport in the Unites States, is a little over 3 miles to the east. The new Tallahassee Memorial Hospital complex is just 6 miles to the south, with the first building opened this past summer and a large campus planned over 87 acres.This property is zoned Village Center, which allows for a multitude of uses, including R 5 (Residential), C 1 (Neighborhood Commercial), C 2 (Plaza Commercial), C 4 (Research and Design), Public Institutional, Parks and Open Space, Civic use and others. Village Center zoning allows for 15 dwelling units per acre. The current owners also applied for and received a CUP approval for operation of a WAREHOUSE FACILITY. Buyer is encouraged to contact Bay County Planning and Zoning to verify all zoning information. 2 septic systems, 2 well houses, and 2 power poles exist on site, along with numerous RV hookups. FDOT has already approved an entrance from 79 to property. Soil borings and geotechnical reports have been completed for a warehouse and can convey.Previous owners also explored an RV park as a possible development. The county currently allows 8 RV hookups, and owners have previously rented those at $850/spot/mo, which presents an opportunity to offset holding costs until development. Existing RV hookups and water connections are on site now. This is the perfect opportunity to seize a commercial development opportunity in a booming area!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Land Information
  • Lot Features: Cleared, RvLot
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: West Bay
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Well
Utilities
  • Carport Spaces: 0.00
  • Road Frontage Type: Highway
  • Sewer: SepticTank
  • Utilities: ElectricityAvailable, SepticAvailable, WaterAvailable
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: 9905 & 9909 Highway 79
  • Area Major: 04 - Bay County - North
  • Parcel Number: 32446-002-000, 32446-000-000
  • The Range: 0.00
  • Views: 18
Nearby Subdivisions
[no Recorded Subdiv]   Barrett Sub   Beach Commerce Park   Bid A Wee   Bid-a-wee Beach   Bid-a-wee Beach 1st Add   Carillon Beach   Crestview Heights   Crestwood Estates   El Centro Beach   Gulf Highlands   Inlet Beach Heights   Jamaican Lake Condos   Kiska Beach   La Valencia Beach Resort   Laguna Beach   Laguna Beach 8th Add   Laguna Beach Estates 5th Add   Laguna Beach Estates 7th Add   Laguna Beach Plaza   Lake Powell Estates   Lullwater Beach   N/a   No Named Subdivision   Open Sands   Paradise Cove   Paradise Grove   Rivercamps On Crooked Creek   Rivercamps On Crooked Creek Ph   Riviera Beach   Riviera Beach 1st Add   Santa Monica Beach   Seahorse Villas   Seminole Heights   Sunnyside   Turtle Cove At Lake Powell   White Sands Estates   Wild Heron Phase I   Wild Heron Phase Ii   Wild Heron Phase Ix   Wild Heron Phase Vii   Wild Heron Phase Viii   Wild Heron Phase X   Wild Heron Phase Xi   Wild Heron Phase Xiii  
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