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1117 S Tyndall Pky - Commercial Land Opportunity
10.2 Acres of Commercial Land Offered at $3,200,000 in Panama City, FL 32404
Investment Highlights
- Strategically positioned with great visibility and frontage on US Hwy 98 (Tyndall Parkway
- Surrounded by nearby retail, restaurants, and hospitality
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $3,200,000 | Lot Size | 10.20 AC |
| Price Per AC | $313,725.49 |
| Price | $3,200,000 |
| Price Per AC | $313,725.49 |
| Lot Size | 10.20 AC |
Although the site lends itself to high density commercial uses, the subject property is zoned for multifamily, and was planned for a 160-unit development. With frontage on US Highway 98 (Tyndall Parkway), and surrounded by commercial zoned land
Description
CBRE is pleased to present an opportunity for the acquisition and development of a highly sought after commercial site strategically located along the Tyndall Parkway corridor near Tyndall Air Force Base, in the dynamic Panama City market, in the City of Callaway, Florida. Planning has been undertaken for a 160-unit multifamily development, and the site also lends itself to a number of commercial uses. Hospitality, retail, self-storage and flex industrial are all in high demand in the market area due to the $5 billion investment in the nearby Tyndall Air Force Base expansion + Strategically positioned with great visibility and frontage on US Hwy 98 (Tyndall Parkway), with an additional access point on Boat Race Rd. Located at the gateway to Tyndall Air Force Base, convenient to Downtown Panama City and other major employment centers in the market area. + Surrounded by nearby retail, restaurants, and hospitality, and convenient to multiple recreational opportunities, including the area‘s famous white sand beaches, interior bays and rivers, and State Parks. Nearby excursions include Cape San Blas, Apalachicola, and Panama City Beach, and Shell Island. + Housing in the immediate market is growing to support Tyndall Air Force Base, which is currently undergoing a nearly $5 billion investment supporting the expansion of the base‘s mission, which will include three F35 squadrons, and serves as the US Air Force‘s center of drone warfare technology and training. + A unique opportunity to acquire a fully entitled multifamily site in such a high-profile location!
PROPERTY TAXES
| Parcel Number | 07208-000-000 | Improvements Assessment | $0 |
| Land Assessment | $259,873 | Total Assessment | $259,873 |
PROPERTY TAXES
zoning
| Zoning Code | CLWY23 (MFHD, Multifamily - High Density) |
| CLWY23 (MFHD, Multifamily - High Density) |
Presented by
1117 S Tyndall Pky - Commercial Land Opportunity
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