401 North Kimbrel Avenue

Panama City, FL 32404

$8,000,000
Price
720,482 / 16.54
Lot Size / Acres

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...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.
  1. Listed by Catriese M Johnson • Coldwell Banker Realty

Property Details for 401 North Kimbrel Avenue

Waterfront
No
Subdivision Name
No Named Subdivision
Zoning Description
City,Commercial,Multi-Family,Resid Multi-Family
LISTING UPDATED: 10/07/2024 09:48 PM

Property Details for 401 North Kimbrel Avenue

StatusActive
MLS #754214
Days on Market211
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Commercial
Year Built-
Lot Size16.54 AC
CountyBay County

Building Information for 401 North Kimbrel Avenue

Lot Size16.54 AC

Property Information for 401 North Kimbrel Avenue

Summary
Location and General Information
  • City: Panama City
  • County Or Parish: Bay
  • Directions: From Tyndall Parkway intersection, turn on Hwy. 22 north, continue north on Hwy. 22 aprox. 1/2 mile, left turn on Kimbrel N. and property is located on the left side of Kimbrel N.
  • Road Surface Type: Paved
  • Postal Code: 32404
  • Latitude: 30.154576
  • Longitude: -85.583894
  • State Or Province: FL
  • Road Frontage Type: City Street, Highway
  • MLS Area Major: 02 - Bay County - Central
  • MLS Area Minor: 0202 - Bay - Central SE
Taxes and HOA Information
  • Parcel Number: 06277-000-000
  • Association: No
  • Tax 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
School Information
  • Elementary School: Callaway
  • High School: Rutherford
  • Middle Or Junior School: Everitt
Property
Lot Information
  • Lot Features: Cleared, Irregular Lot
  • Lot Size Acres: 16.54
  • Lot Size Dimensions: IRREGULAR
  • Lot Size Square Feet: 720265.0
Property and Assessments
  • Public Survey Range: 13W
  • Public Survey Section: 7
  • Public Survey Township: 4S
  • Documents Available: Soil Test, Survey
  • Human Modified: No
Utilities
  • Sewer: Storm Sewer
  • Utilities: None

Property History for 401 North Kimbrel Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 401 North Kimbrel Avenue

Taxable ValueLand$945,802Additions$720Total$946,522
Tax Record2023$11,853 ($988 / month)
Home Facts
Total Finished SqFt672 SqFtAbove Grade Finished SqFt672 SqFtStories1Lot Size720,265 SqFtStyleCommercialYear Built1972ZoningBC20CountyBAYAPN06277-000-000

Schools near 401 North Kimbrel Avenue

This home is within Bay.
Rating
School
Type
Grades
Distance
Callaway Elementary School
Public - PK to 5
Everitt Middle School
Public - 6 to 8
Rutherford High School
Public - 6 to 12
Springfield Elementary School
Public - PK to 5
Rating
School
Distance
Callaway Elementary School
PublicPK to 5

Everitt Middle School
Public6 to 8

Rutherford High School
Public6 to 12

Springfield Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 401 North Kimbrel Avenue, Panama City, FL 32404

401 North Kimbrel Avenue is a 16.54 ac of land for sale in Panama City, FL 32404. This property was listed for sale on March 13, 2024 by Coldwell Banker Realty, it's currently listed at $8,000,000. It has been on the market for a total of 211 days and was last sold on September 10, 2021. This listing's school district is Bay. Nearby schools include Callaway Elementary School, Everitt Middle School and Rutherford High School. 401 North Kimbrel Avenue is a 0-bed, 0-bath, 16.54 ac of land on a 720,482 sq. ft. / 16.54 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

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