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- LoopNet Team
3100 Airport Rd
Panama City, FL 32405
50 Townhome Development Order & Entitlements · Land For Sale
·
4.36 AC
INVESTMENT HIGHLIGHTS
- Within a short distance of the highly sought-after University Academy.
- The 8.5% cap rate underscores the strong income potential, making this an enticing opportunity for both seasoned and first-time developers.
- Near proximity to the Bay, Publix, shopping centers, and Starbucks, offering easy access to essential amenities and lifestyle conveniences.
- Located within 1/2 mile of a brand-new marina, offering recreational and lifestyle benefits for future residents.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 4.36 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | |||
| Zoning | MU3 - MU3 Mixed Use - County Approval and DO in place for 50 townhomes | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 4.36 AC |
| No. Stories | 1 |
| Zoning | MU3 - MU3 Mixed Use - County Approval and DO in place for 50 townhomes |
DESCRIPTION
Phase 1 of the 40-acre marina district will feature a 2-acre wet basin and 56,000 square foot dry storage boat barn and will serve as the only marina on North Bay. Civils for Embie Townhomes were skillfully planned and executed by McNeil Carroll, guaranteeing top-notch construction and development. The property is currently zoned as MU3 (mixed use 3) with county approval for 50 townhomes, providing a solid foundation for the project's success. Embrie Townhomes benefit from their proximity to the future marketplace of Sweet Bay, offering a vibrant retail, dining, and entertainment scene within walking distance. Enjoy convenient access to the pristine bay, perfect for water sports and scenic walks along the shore. Embrie also provides easy access to the thriving city of Panama City, renowned for its amazing bays leading to the Gulf, exceptional dining options, convenient shopping, and a newly revitalized downtown area. Don't miss out on this exceptional future townhome development. Embrace the anticipation of the coastal lifestyle offered by Embrie Townhomes, where luxury and convenience merge in Panama City, Florida. With its attractive pricing, significant valuation potential, prime location near Panama City, Panama City Beach and 30A, as well as reputable engineers overseeing the project, this development promises substantial returns. Secure this prestigious community and seize the potential for a prosperous future.
