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Panama City Beach, BANK FORECLOSURE OPPORTUNITY: 40.4 Acre
1000 Thomas Drive, Panama City Beach, FL
Bank foreclosure opportunity: 40.4 acre of land in an incredible location with a multitude of possibilities.
Developer ready! Most due diligence has been performed for this property. Environmental studies and permits approved by dep & acoe. Approved density is r-5 (multi-family fifteen units per acre) with a max height of ten stories along with approx eight acres of c-3 commercial zoning of. 2011 dot annual daily traffic count indicates an estimated 28,000. Class a retail fronts most of this property with several national chains anchoring it. Hooters, laqunita, ups, sake sushi house, and many other major restaurants and retailers provide an additional value add to this property. Click on additional images for architectural appeal and layout of front retail development. Close proximity to bay point, preserve, st. Andrews state park, nationally recognized golf courses (jack nicklaus design course), marinas, nationally recognized restaurants (captain andersons), and the worlds most beautiful beaches. Directly across thomas drive is the naval surface warfare center panama city division which employs in excess of 2,000 civilian and military personnel with $117 million in direct payroll. All details estimated and should be verified by seller if important. Boundary survey, topography, recent proposed engineering and marketing and details package available upon request.
Land for Sale
For sale by:
February 1 on The Real Estate Book