17851 Front Beach Road, Panama City Beach, FL 32420 (MLS# 507505)

RARE OPPORTUNITY!! Spectacular potential for Condominium Development with in-place foundation: Fully permitted for 234 gulf front condominiums and a 5 story parking garage perfectly located in city limits and the most desirable West Panama City Beach, only minutes from world renowned Rosemary and Alys Beach. Entitlements and existing infrastructure offered at $5,900,000 an 88% discount from owner’s cash investment of $51,000,000 for land and improvements. Current development order. Completed plans by Collins and Associates for one, two and three bedroom condominiums with featured Gulf front amenities including pool, spas, exercise room, and lobby. Additional planned amenities include a conference room, game room, and parking garage. Construction begun in 2006 with $11 million dollars

Supplements: of improvements completed including foundation with plumbing infrastructure. Site is gated. Ideal zoning with gulf front parcel zoned T-2 and north parcel zoned T-3. T-2 is zoned for apartments, hotels, motels, condominiums, churches, clubs, lounges, lodges, parking lots, parking garages, business uses, including retail sales and services, and single-family dwellings. T-3- is zoned for apartments, arcades and game rooms, hotels, motels, condominiums, churches, clubs, lounges, lodges, parking lots, parking lots, parking garages, business uses, professional uses, personal services, drive-in facilities, retail sales and services, and single family dwellings. Overall beach front parcel has 336+/- gulf frontage with 431+/- road frontage and is approximately 1.65 acres. Garage parcel is 1.16 acres with 322+/- road frontage and is located North of Front Beach Rd. between Seakove Street and Deermont Street. New Bay County International Airport: Only 15 miles to the new airport and less than 3 miles to Simon Pier Park with 1.1 million sqft of new retail and restaurants. Call associate for property brochure.