3400-3407 SR 77 2 Retail Properties Offered at $3,449,338 CAD in Panama City, FL

Owners are willing to divide! Desirable 4.2 acre property located on busy Hwy 77 in Panama City, FL. There is 330' of road frontage on Hwy 77 with ingress and egress in two locations. Annual average daily traffic count is 30,098 vehicles. The property consists of two metal 60' x 60' retail buildings complete with finished interior space and covered warehouse storage. There is parking at each building and a driveway between. There is no direct curb cut in the median at this location, but the cut is very nearby so turning in from the opposite side of the road is fairly easy. The back portion of the property is vacant land except for a cement slab where an additional storage building used to be. The sellers retail business is not for sale only the buildings and property. The other business onsite is in a month to month lease. Please do not disturb these tenants. The interior photos are of the Pooltech building only. The property has a Panama City address, but it was annexed by the city of Lynn Haven so utilities and taxes are through Lynn Haven. Lots of potential with this size lot for teardown and redevelopment also: Office, Hotel, Retail, Restaurant, etc. The property, once purchased, could be split into two parcels. This corridor between Lynn Haven and Panama City is widely traveled for shopping, dining and going to work. It would be an excellent location for high visibility and exposure. We are a growing community who, after Category 5 Hurricane Michael in 2018, has been on a steep incline of growth. One of our major employers is Tyndall Air Force Base who is completing their rebuilding and is set to bring in 3 squadrons of F-35 Fighter Jets to the base. This 4.9 Billion dollar investment will bring back approximately 5,000 personnel to the base. To assist in this Panama City is building housing and infrastructure to accommodate. In addition we are home to NSA, a Naval Dive Training Center and Research facility. Many of the military families choose Lynn Haven as their home due to the quality of life it provides due to excellent schools, varied restaurant and grocery options, and close proximity to the bases, beaches, boat ramp, community parks and more.