Listed by ERA Neubauer Real Estate
$1,750,000
1117 S Tyndall Parkway
Details
Property Type Land, Multifamily
Sub Type Commercial, Apartment Building
Square Footage 174,240
Class A
Acreage 4.000
Zoning Commercial
Ground Lease No
Ownership Tyndall Development, LLC
Land | 169,971 SqFt
Marketing description
outstanding parcel in a rapidly growing corridor. The parcel offered is 4 acres, however seller can also add 3 acres of adjoining additional uplands to the east.
Bay County Parcel ID: 07202-010-000 and 07208-000-000; located in City of Callaway; The site is located directly on South Tyndall Parkway 400 feet frontage, reserving a 50' access easement in the NW corner. The Avg Daily Traffic Count 20,400 vehicles per day (2025); This site is 3.3 Miles to Tyndall Air Force Base visitor center. The influx of defense-related projects and economic development initiatives has propelled the entire community into a period of unparalleled growth. With one-third of the region's economy anchored in the defense industry, the demand for both housing and support businesses has surged, presenting investors with a solid opportunity for returns.
Air Force Base of the Future: Tyndall Air Force Base's transformation into the 'Base of the Future' signifies a monumental leap forward in defense infrastructure. With the Air Force's commitment to bed down three F-35 fighter squadrons and the addition of 400- 600 +/- military jobs per squadron and additional support personnel for support functions, traffic count and the need for increased services should continue to grow.
The Bay Economic Development Alliance continues to win commitments by new and expanding industry. Recently, the $175MM capital investment in 'Project Spinner' IAG Aero Group brings 500 new aviation-related jobs to Spark Economic Growth, 160,00 SF of facilities, and a 350-acre acquisition north of the airport. Premier Aviation, a new MRO (Maintenance Repair Operation) will refurbish CRJ aircraft and Mocama Marine LLC establishes a boat manufacturing operation; Port Panama City welcomed a new 251,000 square-foot FedEx Ground facility at the Industrial Distribution Center on Highway 231, Borusan Berg Pipe announced a $68MM expansion, Voltari Electric, Canada based co. announced 285 jobs & $38M investment... and continued interest by significant employers.
Investment highlights
- Property Address: 1117 S Tyndall Parkway, Panama City, FL 32404
- Acreage: 4 acres (seller can add 3 acres of adjoining additional uplands to the east)
- Bay County Parcel ID: 07202-010-000 and 07208-000-000
- Jurisdiction: City of Callaway
- Asking Price: $1,750,000
- 4 Acres located directly on South Tyndall Parkway
- 400 feet frontage
- Leading demand indicators for physician specialists in the area of Woman’s & Children’s Services, Pediatrics & Primary Care, Orthopedics
- Avg Daily Traffic Count 20,400 vehicles per day (2025)
- 3.3 Miles to Tyndall Air Force Base visitor center
- Unprecedented Growth: The influx of defense-related projects and economic development initiatives has propelled the entire community into a period of unparalleled growth. With one-third of the region's economy anchored in the defense industry, the demand for housing and support businesses has surged, presenting investors with a solid opportunity for returns.
- Air Force Base of the Future: Tyndall Air Force Base's transformation into the "Base of the Future" signifies a monumental leap forward in defense infrastructure. With the Air Force's commitment to bed down three F-35 fighter squadrons and the addition of 600 +/- military jobs per squadron, the demand for housing is poised to surge. Moreover, the surge in ongoing construction activity, employing over 4,000 workers, underscores the sustained economic vitality of the region.
- Thriving Naval Presence: Naval Support Activity Panama City further enhances the area's economic vibrancy, with major tenant commands driving innovation and growth. From the Naval Surface Warfare Center, Navy Dive and Salvage Training Center to the Naval Experimental Dive Unit, both the US Coast Guard and naval presence in Panama City contributes significantly to the region's stability and prosperity.
- Surging Economic Development Activity: The Bay Economic Development Alliance continues to win commitments by new and expanding industry. Recently, the $175MM capital investment in “Project Spinner” IAG Aero Group brings 500 new aviation-related jobs to Spark Economic Growth, 160,00 SF of facilities, and a 350-acre acquisition north of the airport. Premier Aviation, a new MRO (Maintenance Repair Operation) will refurbish CRJ aircraft and Mocama Marine LLC establishes a boat manufacturing operation; Port Panama City welcomed a new 251,000 square-foot FedEx Ground facility at the Industrial Distribution Center on Highway 231, Borusan Berg Pipe announced a $68MM expansion, Voltari Electric, Canada based co. announced 285 jobs & $38M investment… and continued interest by significant employers.
Listing Contacts
Listed by ERA Neubauer Real Estate
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Zoning
MFHD ResidentialMulti FamilyMultifamily Residential High Density
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