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303-305 Beach Dr E - 305 E Beach Drive 3.25 Acres of Commercial Land Offered at $4,500,000 in Panama City, FL 32401
Investment Highlights
- Waterfront
- Corner Site
- Recorded Development Agreement
Executive Summary
Property Facts
| Price | $4,500,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.25 AC |
| Property Type | Land | ||
| Zoning | Mixed Use - Zoned Mixed Use 3 (MU-3) | ||
| Price | $4,500,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.25 AC |
| Zoning | Mixed Use - Zoned Mixed Use 3 (MU-3) |
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 3.25 AC |
| Price Per AC | $1,384,615.38 |
| Price | $4,500,000 |
| Price Per AC | $1,384,615.38 |
| Lot Size | 3.25 AC |
Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet waterfront
Description
Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of $4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and allows a buyer to immediately evaluate the project as a partially assembled waterfront development opportunity, not raw land. Agent to Agent Remarks:
Property Taxes
| Parcel Number | 20154-000-000 | Improvements Assessment | $1,352 |
| Land Assessment | $773,700 | Total Assessment | $775,052 |
Property Taxes
Contacts
-
Chris McCall, SIOR -
Carl Allen -
Counts Real Estate Group Inc.- Commercial Division
Presented by
303-305 Beach Dr E - 305 E Beach Drive
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