3407 FL-77, Panama City, FL 32405

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 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 property has a Panama City address but 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: Office, Hotel, Restaurant, Retail, etc. The area experienced a Category 5 Hurricane in 2018 that has put the area on the map for many developers. Tyndall Air Force Base, located nearby, is being rebuilt and will be home to 3 fighter squadrons bringing in approximately 5,000 people to the area once it is operational starting in August of 2026. Due to housing needs for these personnel and their families along with housing lost during the hurricane we are seeing a boom of new housing developments. Along with housing this area has new gas stations, grocery stores, and restaurants being built. There is plenty of need for multi-family housing, hotels, retail, restaurants, entertainment, office buildings, storage units, etc. Call me today to discuss what the City of Lynn Haven can offer in the way of development incentives.