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.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Realty
Lot Features
Lot Information:
Lot: Cleared, Irregular Lot
Lot Size: 16.54 Acres
Other
Directions Information:
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.
Price Information
Listing Price Info
Price Summary:
List Price: $8,000,000
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
3
/10
Callaway Elementary School
7115 E Highway 22
Distance between this listing and this school0.89 miles
Public District Grades KG-5
3
/10
Parker Elementary School
640 S Highway 22 A
Distance between this listing and this school1.61 miles
Public District Grades PK-5
1
/10
Cedar Grove Elementary School
2826 E 15th St
Distance between this listing and this school2.65 miles
Public District Grades PK-5
Nearby Schools
7
/10
Bay Haven Charter Middle School
2501 Hawks Landing Blvd
Distance between this listing and this school4.82 miles
Public Charter Grades 6-8
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school5.14 miles
Public District Grades 6-8
8
/10
Tyndall Academy
7800 Tyndall Pkwy
Distance between this listing and this school5.16 miles
Public District Grades PK-8
Nearby Schools
2
/10
Rutherford High School
1000 School Ave
Distance between this listing and this school2.08 miles
Public District Grades 6-12
1
/10
Rosenwald High School
924 Bay Ave
Distance between this listing and this school3.51 miles
Public District Grades 6-12
4
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school4.64 miles
The neighbors living near this home have an average income of $35,479. Most Panama City, FL residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 401 N Kimbrel Ave
What is the listing price of this property?
The listing price of 401 N Kimbrel Ave property is $8,000,000.
What type of property is this?
The property 401 N Kimbrel Ave is land located in Panama City, Florida, 32404.
Is this property for sale now?
Active Listing: 401 N Kimbrel Ave is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 401 N Kimbrel Ave in Panama City, FL and zip code 32404 in the Saint Andrews Bay neighborhood. This home sits on a 16.54 acre lot. It has been listed on Rocket Homes since March 14, 2024 and is currently priced at $8,000,000.
Panama City, FL housing market in November 2024 saw over 13 listings sold above listed price, more than 33 sold at listed price and over 120 sold below. Between October 2024 and November 2024, Panama City, FL real estate market has seen decrease in the number of listings by 3.9%. In November 2024, listings were on the market for 79 days. During the same period, the median list price in this real estate market was $339,223.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
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