1408 Old Allanton Rd, Panama City, FL 32404 - Bay County

Prime Investment Opportunity: 89-Acre Parcel in Bay County, Florida

Discover the exceptional potential of this 89-acre parcel located just 10 miles from downtown Panama City, Florida. Situated along a paved road with 510 feet of frontage on the future Gulf Coast Parkway, a major four-lane highway slated for development this property is an outstanding investment opportunity.

Key Features:

Dual Zoning: Approximately 60 acres zoned for residential (R1) use and 30 acres zoned for agriculture (A1), offering versatile development possibilities.

Utilities: Electricity runs the entire length of the parcel, which spans over a mile (6,000+ feet). City sewer and water are available near the Sandy Creek Airpark side, enhancing development potential.

Topography: With an elevation ranging from 12 to 24 feet above sea level, the property is mostly upland, with the majority in Flood Zone X and some areas in Flood Zone A.

Access: In addition to the extensive road frontage, the property includes access rights to a private runway within the gated Sandy Creek Airpark community. There is also potential access to Highway 2297 through Lots A and B of Sandy Creek Airpark, making the property accessible from both ends.

Natural Beauty: The land is covered with a beautiful Slash pine forest, adding both aesthetic value and privacy.

Convenience: Located just 13 minutes from Walmart and local restaurants, 20 minutes from downtown Panama City, Tyndall Air Force Base, and the beach, and 35 minutes from Mexico Beach and Panama City Beach both major tourist destinations. Once the Gulf Coast Parkway is completed, the property will be only 15 minutes from Mexico Beach.

Additional Information:

Survey: A recent survey of the property is available, ensuring clear boundaries and planning ease.

Owner Financing: Flexible owner financing options are available, making this a rare and accessible investment opportunity.

The planned Gulf Coast Parkway will connect Panama City to Mexico Beach, further enhancing the property's value and accessibility. Don't miss out on this unique opportunity to invest in a prime location with significant growth potential. Contact us today for more information and to schedule a viewing.