$ 2,395,000
8307 FL-22 Panama City, FL 32404
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$ 2,395,000
Est. payment | /mo
4.53 Acres Lot
$ 2,395,000
Est. payment | /mo
4.53 Acres Lot
Key Details
Property Type Single Family Home, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 943980
Lot Size 4.530 Acres
Acres 4.53
Property Description
Callaway Cove'' Apartments is in Callaway, between Panama City and Tyndall Airforce Base. ''Shovel Ready''. Land is owned with no debt, 70% cleared and all 3rd party engineering reports and Phase 1 Environmental are complete. The ''DO'' (Development Order) is in place which was updated in May 2023 and allows for immediate horizontal construction. The ''Market Demand'' studies (MFA and HUD) show a demand of about 500 housing units in the Callaway submarket alone, due to strong core job growth and the depletion of housing units due to Hurricane Michael in 2018. Tyndall Airforce base, 6 miles away has four new F35 jet squadrons groups as well as the Drone division at the base, all needing housing.
Location
State FL
County Bay
Area 27 - Bay County
Zoning Commercial
Listed by Inlet Beach Real Estate
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Andy Rose
Broker Associate | License ID: FL: 3444771 GA: 348516
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