Unlock Your Dreams
401 Kimbrel Avenue, Panama City, FL 32404
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  • MLS#: 754214 ( Land )
  • Street Address: 401 Kimbrel Avenue
  • Viewed: 2
  • Price: $8,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 189
  • Additional Information
  • Geolocation: 30.1546 / -85.5839
  • County: BAY
  • City: Panama City
  • Zipcode: 32404
  • Subdivision: No Named Subdivision
  • Elementary School: Callaway
  • Middle School: Everitt
  • High School: Rutherford
  • Provided by: Coldwell Banker Realty
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  • Description
    LOCATION! LOCATION! LOCATION!! Discover an exceptional opportunity with this 16.53 acre parcel situated at 401 N Kimbrel Avenue in the dynamic and developing Panama City, Florida. Boasting a prime location that is conveniently close to educational institutions, recreational areas, and vital employment hubs, including Tyndall Air Force Base, this site is ideal for developers looking to respond to the city's current and future housing needs. The property offers ample space for a significant multi family residential project, with zoning classification R5 A, which allows for the construction of up to 25 residences per acre. The max allowable units in this location is 413. We are excited to welcome investors to the market for a development ready project after owners have completed the initial work and preparation. The potentially 400 door multifamily development has been cleared. The 16.5 acre parcel is opportunistically situated along busy highway22 and also connects to highway 98. All pre development work and permits have been issued. Property is located along a main artery of the area on both sides. The property is within a 30 minute drive to the sugary sands of the Panama City, Beach and offers various ecotourism opportunities. In a quick 15 minute drive, you will arrive to the revitalized Downtown Panama City, with its walkable shopping and waterfront dining opportunities. It lies in a strategic locale and is well positioned outside the flood zone, making it a valuable find for a visionary development tailored to accommodate the influx of professionals and their households. This is a cornerstone opportunity to contribute to the area's resurgence with a development that captures the spirit of growth. This versatile plot stands ready for a transformative development that will cater to both civilian and military families, contributing to the rejuvenation of the community. Capitalize on the opportunities of Panama City by investing in a property that offers promising potential for growth and prosperity.
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  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Land Information
  • Lot Features: Cleared, IrregularLot
School Information
  • High School: Rutherford
  • Middle School: Everitt
  • School Elementary: Callaway
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Road Frontage Type: CityStreet, Highway
  • Sewer: StormSewer
  • Utilities: None
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: 7 4S 13W -206.3- 131C2 ST AND BAY DEV CO PLAT LOTS 43, 44, 53, 54, 59 & 60 LESS AND EXCEPT COM AT THE SW COR OF LOT 59 TH RUN NORTH ALONG THE E R/W LINE OF GAY AV 857.78' TO THE N LINE OF LOT 43 TH RUN E 353.90' TO THE W EDGE OF DRAINAGE DITCH TH RUN SLY ALONG EDGE OF DITCH 882.2' M/L TO THE NLY R/W LINE OF HWY 22 TH RUN W ALONG SAID NLY R/W LINE OF HWY 22 496.50' TO POB
  • Area Major: 02 - Bay County - Central
  • Parcel Number: 06277-000-000
  • The Range: 0.00
Headshot for Associate Jarrod Cruz
  1. Jarrod Cruz, ABR,AHWD,BrkrAssc,GRI,MRP,REALTOR ®
  2. Tropic Shores Realty
  3. Unlock Your Dreams
  4. Mobile: 813.965.2879
  5. unlockyourdreams@jarrodcruz.com