16422 Front Beach Road, Panama City Beach, FL 32413 (MLS# 722101)

Last large parcel within walking distance approximately 400 feet to Pier Park. Beach access directly across from the property. This property consists of four lots within two parcels. Zoning is T-3 for this property and there is 200 feet of road frontage on Front Beach Road with ocean views. There is access to the whole property on the back from a residential street.The commercial zoning allows multi-use for almost everything: townhomes, condos (possibly 12), motel, retail, etc. Zoning allows for three stories with 35 foot height from the center elevations of the road to the top ceiling. Land is very level, so there appears to be very little fill needed. Now, with all the extensive building going on with homes on the west end of the Beaches, the value is obviously in the land BUT currently

Supplements: on the property is a 6000 square foot building that has multiple business opportunities. First floor is retail that was an ice cream shop and bar/lounge. New front facade with stacked stone, travertine and stucco finish on block walls as the front appearance. You could actually sell off the two lots and still have parking for the remaining businesses both street front, side and behind the business. The second floor is residential and was remodeled in just the last few years with new sunning deck, new back roof, Plantation and Bahama shutters, extensive security system covering all the property, new electrical and many upscale items. SO, opportunities abound on this property and the value is definitely here for the right buyer.