Property Details

Commercial

MLS# 483101

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City:

Panama City Beach

Zip:

32413

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This stunning 13+ acre resort parcel is the largest contiguous waterfront property offering more beach frontage and access than any property available for redevelopment in Florida. Located in the Florida Panhandle on Panama City Beach, the property is in the heart of the state' s most stable market, currently undergoing a dramatic transformation. Situated at the intersection of two main thoroughfares (where Middle Beach Road/Hutchinson Road intersects with Front Beach Road) the property has 570-feet of dedicated beachfront and abuts a half-mile long protected beach reserve. Fully entitled for 998 hotel, timeshare or residential units and 43,000 SF of retail space, the property represents significant land-bank and turnkey development opportunities. Milestones: Development Agreement for 998 hotel, timeshare, or residential units & 43,000 SF of retail space ! Development Order valid through 2013 ! 100% Design Drawings by Arquitectonica ! Pre-Construction Engineering Services ! DEP Permit ! Soil Borings ! All Environmental Reports ! Wind Tunnel Study ! Franchisee ! Agreement with Internationally known Resort Brand ! Website ! Scale Model ! Sales Center with model kitchen. BRAND NEW BAY COUNTY INTERNATIONAL AIRPORT: The property is only 12 +/- miles to the new Panama City-Bay County International Airport. During the groundbreaking ceremonies of the new airport in Nov 2007, Gov. Charlie Crist hailed it as a national model for economic transformation and environmental preservation. More than 4000 acres in size, it is larger than Atlanta-Hartsfield. Looking to capitalize on the expected 500,000 increase in annual domestic & international travelers, Southwest Airlines, FedEx and UPS have all expressed interest in locating operations at the new airport. The airport will open the door to tremendous opportunities for intermodal, industrial, office, retail and residential developer and create an enormous spur to area growth. SIMON PROPERTY GROUP - PIER PARK: In addition, $56-billion REIT Simon Property Group is nearing completion of Phase I of Pier Park, a 1-million square foot coastal retail, entertainment and restaurant development within walking distance of the property. Dubbed The New Downtown of Panama City Beach, Pier Park will serve as the premier shopping destination for the entire Emerald Coast, and help position this fast-growing Gulf Coast market as the top destination in the Florida Panhandle.

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Provided By:

Blu Properties Inc

All information in this listing, including but not limited to square footage, room dimensions and lot size is approximate and not exact. Buyers are expected to verify any specific information prior to signing any contract. Neither the Emerald Coast Association of Realtors nor any Realtor is liable for any inaccuracies herein.Copyright: 2005 by the Emerald Coast Association of Realtors

Ed Kirkland & Assoc. 800 227-8654 OR 650-6111 Ed@EdKirkland.com