Prime opportunity in the rapidly expanding West Bay area of Panama City Beach. This commercial offering pairs two parcels right in the heart of several large St. Joe projects along Hwy 79 in Panama City Beach, with Latitude Margaritaville (3000+ homes) immediately behind this parcel, St. Joe ownership on the south side and across Hwy 79 as well. St. Joe is slated to begin another 2,000+ home gated development across the street in 2027 as part of the approved Pigeon Creek development.
Offering 335' of road frontage on Hwy 79, which has a current AADT of 20,000, the property already offers an FDOT approved entrance with culvert and entry road access from 79. Completely cleared with two well houses, two septic systems, and two onsite power poles onsite, infrastructure is already in place for immediate construction or building placement.
The property is zoned Village Center, which allows for various commercial uses as well as multi-family options. Buyer will also have the option to construct a warehouse facility, as the sellers went through the process to obtain a special use permit for a warehouse, which will travel with the land and zoning permanently.
This is a great opportunity to buy and hold or to get started on retail, office space, or a multi-family development. Publix, a bank, a storage facility, and a nearly 17,000 sq ft office park have already been started just to the south. Numerous DOs issued for nearby parcels. A dedicated turn lane is already in place for Steel Field Road, making easy turnaround for customers just one parcel to the north.
