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Investment Highlights

  • 2 acres of shovel-ready commercial corner land with over 600 feet of frontage along US Hwy 98, providing exceptional exposure to more than 35,000 VPD.
  • Ideally located near the convergence of Panama City Beach Parkway and State Road 30A, offering convenient access for residents and tourists.
  • Dry, elevated, and level lot with attractive C-3 zoning, allowing for flexible development without the need for special improvements or rezoning.
  • Rapidly growing region with a projected 14.2% population increase by 2029, supporting strong demand for commercial and hospitality uses.

Executive Summary

An available 2-acre commercial corner lot at 22000-22050 Panama City Beach Parkway offers an exceptional development opportunity in one of Florida’s fastest-growing coastal markets. Unimproved with more than 600 linear feet of frontage along US Highway 98, the site is exposed to over 35,000 daily drivers (VPD), creating a powerful visibility advantage for businesses. High, dry, and level topography, perfect for development, paired with flexible C-3 zoning, supports efficient planning and permits various commercial concepts without requiring specialized engineering or rezoning.

Key connectors linking Panama City Beach Parkway/US Highway 98 and State Road 30A, 3 miles away, position the property within a dynamic trade area characterized by accelerating population and income growth. Economic forecasts indicate a 14.2% increase in the nearby population between 2024 and 2029, supported by a median household income of over $78,000 within a 3-mile radius. These conditions strengthen demand for retail, service providers, medical practices, professional offices, and hospitality concepts.

Surrounding amenities further enhance development potential. Nearby national retailers, banking services, golf activities, Watersound Club, Carillon Beach, and established lodging corridors contribute steady local and visitor traffic. Such synergy supports the inclusion of restaurants, automotive services, boutique hospitality, neighborhood shopping centers, or mixed-use commercial plans tailored to residents and the thriving tourism economy.

A prime Bay County location, strong market fundamentals, and long-term regional growth trends signal enduring demand and the potential for meaningful appreciation in a well-planned commercial development. Reach out today to explore this high-impact development opportunity and take the next step toward a strategic investment in one of Florida’s strongest growth corridors.

Matterport 3D Tour

3D Exterior

Property Facts

Price $3,471,943 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Auto Dealership
  • Auto Repair
  • Bank
  • Carwash
  • Hotel
Total Lot Size 2.00 AC
Zoning C-3 - Commercial

1 Lot Available

Lot

Price $3,471,943 CAD
Price Per AC $1,735,971.37 CAD
Lot Size 2.00 AC

Prime 2-acre corner lot with excellent US Hwy 98 visibility and a high daily traffic count of approximately 30,000 vehicles. Located in the rapidly growing area of Panama City Beach with seamless access to SR-30A, shovel-ready for new development.

Description

Exceptional development opportunity on one of the most active and visible corridors in Panama City Beach. This high, dry, and clean parcel has no known water or drainage issues and is positioned at the strong end of the bridge, capturing consistent traffic flow and daily activity. The site benefits from approximately 35,000 vehicles per day, offering outstanding exposure for a wide range of commercial uses. Surrounding development is well established and continuing to grow, with new construction and active projects built all around the property. Located less than three miles from the Gulf of Mexico and directly across from the beach market area, the property sits at a strategic gateway into Panama City Beach. Its placement within Bay County provides a meaningful advantage, including favorable jurisdictional considerations compared to neighboring areas. With strong traffic counts, excellent visibility, and a rapidly developing trade area, this site is well suited for retail, service, hospitality, or mixed-use concepts seeking maximum exposure in a high-growth coastal market.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Amenities

Restaurants

Live Gulf Coast - - 3 min walk
Bubba's Pizza Pizza - 6 min walk
Squidlys Seafood Seafood $$$$ 6 min walk
Sunnyside Grill Grill $$ 14 min walk
Waffle House - - 15 min walk
Dunkin' Cafe - 15 min walk

Retail

Dollar General Dollar/Variety/Thrift 2 min walk
Winn-Dixie Supermarket 17 min walk
Wells Fargo Bank 17 min walk
CVS Pharmacy Drug Store 17 min walk
Publix Supermarket 18 min walk
Great Clips Salon/Barber/Spa 18 min walk

Hotels

Candlewood Suites
84 rooms
9 min drive
Hampton by Hilton
182 rooms
13 min drive
Embassy Suites by Hilton
255 rooms
12 min drive
Hyatt Place
224 rooms
12 min drive
Margaritaville
111 rooms
15 min drive

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 35357-005-000
  • 35357-301-000
Land Assessment
$1,569,181 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,498,498 CAD

Sale Advisor

Sale Advisor

Vince Bruner, Owner
Vince Bruner, an experienced personal injury attorney, was born in Dothan, Alabama, in 1957. He is a lifelong resident of Okaloosa County. His mother and father, Peggy and Max Bruner, taught school in the Okaloosa County school district for more than 25 years. Max Bruner was a school superintendent in Okaloosa County from 1964 to 1984.

Vince Bruner graduated from Choctawhatchee High School in 1975, Florida State University in 1979, and the Cumberland School of Law at Samford University in 1984. He was active in athletics and academics in high school and college, where he received a scholarship for football at the University of Kentucky and later finished playing for Bobby Bowden at Florida State University.

Vince worked as an intern at the State Attorney’s office while attending Cumberland and worked full-time as an assistant state attorney at the start of his career. He entered the private practice of law in Fort Walton Beach as an associate with Smith, Grimsley, Remington & Kessler. In 1987, he was named city attorney for the City of Fort Walton Beach, and in 1988, he was named city attorney in the City of Valparaiso. He served as city attorney for the City of Fort Walton Beach for approximately two years and in Valparaiso for five years.

In 1988, he was elected to the Florida Senate, serving one four-year term in Senate District 3. His 9-county Senate district was one of the largest geographical districts in Florida, including nine counties: Bay, Okaloosa, Walton, Gulf, Washington, Calhoun, Franklin, Liberty, and Wakulla counties.  He was chairman of the Senate Committee on Corrections and was voted by his peers as “Most Promising Freshman.” After just one term, he returned to full-time private law practice.

As a member of the Joint Select Committee of Senate and House members, which determined claims bills presented against the State of Florida or any of its political subdivisions, Vince developed a special interest in serious accidental injury cases. Since 1984, he has devoted his practice solely to work as a Plaintiff’s personal injury lawyer, dedicated to assisting people injured in accidents throughout the Florida panhandle. His education and experience in law and government and his familiarity with the places and people in the Florida panhandle have assisted him in effectively representing people injured by the careless acts of others.

He has maintained Personal injury attorney offices in Fort Walton Beach and Panama City since his Senate career. He remains dedicated to helping and assisting victims of accidental injuries and the neglect of others.

Vince has four children: Drew, Vincent, Peggy, and Jack.
  • Listing ID: 34671972

  • Date on Market: 2025-01-31

  • Last Updated:

  • Address: 22000-22050 Panama City Beach Pky, Panama City Beach, FL 32413

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