2260 Hwy 77
Lynn Haven, FL 32444
Grocery Anchored Pad Site in Lynn Haven, FL · Land For Sale · 3.04 AC

Unique opportunity to acquire all or part of one of the few sites on Hwy 77 large enough to accommodate a combination of retail and high density residential. The site is located in the heart of Lynn Haven, Florida, a northern suburb of Panama City. Property highlights include: Adjacent to 65,500sf Publix center (south of site with shared ingress/egress) at 96% occupancy. Directly across Hwy 77 from 250,000sf Super Wal-Mart (opened 2009); 3.9 miles from Gulf Coast Regional Medical Center, 4.7 miles to Bay/Sacred Heart Medical Center. Three outparcels (not included) are Dunkin Donuts, Sonny’s BBQ and Innovations Federal Credit Union. SunTrust Bank ATM 10 Year Ground Lease commenced Sept 2017 at $1,500/month (not included). Property entitlements and zoning include: -20 units/acre ground level or above commercial. -50’ building height and 75% Impervious Surface ratio. -‘No Impact’ traffic analysis completed, recently reduced in Fire/Police impact fees. -*Acreage includes 2.29 acre common storm water mitigation allows for construction on 6.5 acres of the site. Parcel sizes are estimated. -Final City of Lynn Haven DO approval for up to 62,500sf of retail; DO modification for buyer uses in less than 90 days. The Panama City market is growing. Key market activity includes: •Tyndall AFB. F-22 Fighter Wing. 6,400+ military and civilians, encompasses more than 29,000 acres. •Naval Support Activity (NSA) PC. Home to Naval Diving and Salvage Training Center, and Center for Navy Ordinance Disposal and Diving. 2,800+ military and civilians, encompasses 657 acres. •St. Joe Company. Future Active Living retirement project being considered on its 100,000+ acres. 50 year build out. •Leucadia’s Sweet Bay 700 acre master planned walkable community on water front former airport site. About 4 miles from the site. Phase One (of seven) broke ground early 2016. Will ultimately consist of 3,200 single and multi-family residences, 700,000SF commercial/retail, 240 dry storage units, and 140 wet slips. Includes University Academy K-7 top ranked charter school. •Eastern Shipbuilding. Awarded in September 2016 US Coast Guard $10.6 Billion contract to build 25 next generation offshore patrol cutters. 2,000 new jobs estimated.