Listing Courtesy of: CENTRAL PANHANDLE / Coldwell Banker Realty / Catriese Johnson
401 N Kimbrel Avenue Panama City, FL 32404
Active (596 Days)
$8,000,000 (USD)
16.54
ACRES
Description
MLS #:
754214
754214
Lot Size
16.54 acres
16.54 acres
Type
Land
Land
County
Bay County
Bay County
Community
No Named Subdivision
No Named Subdivision
Listed By
Catriese Johnson, Coldwell Banker Realty
Source
CENTRAL PANHANDLE
Last checked Oct 31 2025 at 2:19 AM GMT+0000
CENTRAL PANHANDLE
Last checked Oct 31 2025 at 2:19 AM GMT+0000
Bathroom Details
Subdivision
- No Named Subdivision
Lot Information
- Cleared
- Irregular Lot
Utility Information
- Sewer: Storm Sewer
Location
Disclaimer: Copyright 2025 Central Panhandle MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 10/30/25 19:19
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 Seller has completed the initial work and preparation. The potentially 400 door multifamily development has been cleared.
The 16.5 acre parcel is situated along the major thoroughfare in the area, Highway22 and also connects to the main artery of the Bay County, Highway 98. All pre-development work and permits have been issued. 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 venues. It lies within 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 offering 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 growth and profits. Buyers are encouraged to submit offers as they seek updated zoning to address their needs.