401 N Kimbrel Avenue, Panama City, FL 32404 (MLS# 754214)

401 N Kimbrel Avenue, Panama City, FL 32404

$8,000,000

Virtual Tour

https://media.panhandleproductions.net/videos/018ea433-5a21-701e-b157-8759670e0d15

Property Type: Commercial Land Lot Size (sq. ft.): 720,265 Status: Active

Current Price: $8,000,000 List Date: 2/28/2026 Last Modified: 2/28/2026

Overview

Description

LOCATION! LOCATION! LOCATION! 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 t … (Read more) LOCATION! LOCATION! LOCATION! 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.

Listing Details MLS# 754214

Location, Tax & Legal

Street #: 401
Street Direction: N
Street Name: Kimbrel
Street Suffix: Avenue
State: FL
Zip Code: 32404
County: Bay
Area: 02 – Bay County – Central
Subdivision: No Named Subdivision
Parcel ID: 06277-000-000
Legal Description: 7 4S 13W -206.3- 131C2 ST AND BAY DEV CO PLAT LOTS 43,44,53,54,59 & 60 LESS AND EXCEPT COM AT THE SW COR OF LOT 59 TH RUN NORTH ALONG THE E R/W LINE OF GAY AV 857.78' TO THE N LINE OF LOT 43 TH RUN E 353.90' TO THE W EDGE OF DRAINAGE DITCH TH RUN SLY ALONG EDGE OF DITCH 882.2' M/L TO THE NLY R/W LINE OF HWY 22 TH RUN W ALONG SAID NLY R/W LINE OF HWY 22 496.50' TO POB
Sub Area: 0202 – Bay – Central SE
Community/Resort: None
Waterfront: No
Section: 7
Township: 4S
Range: 13W
Elementary School: Callaway
Middle School: Everitt
High School: Rutherford
Directions: From Tyndall Parkway intersection, turn on Hwy. 22 north, continue north on Hwy. 22 aprox. 1/2 mile, left turn on Kimbrel N. and property is located on the left side of Kimbrel N.
HOA Fee: No

Contract Info

List Price/Acre: 483675.94
Sub-Type: Improved Commercial
List Type: Exclusive Right of Sale
Named Exception: No

General Property Info

Site Dimensions: IRREGULAR
Acreage: 16.54
Lot Size (SqFt): 720265
Is Subject Leased: No

Remarks & Misc

Remarks: LOCATION! LOCATION! LOCATION! 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.

Financing

Cash: Yes
Construction Perm: Yes
Conventional: Yes

More Information

Lot Features

Cleared: Yes
Graded: Yes
Irregular: Yes
Site Plan: Yes
Soil Test: Yes
Storm Sewer: Yes
Survey Available: Yes

Lot/Parcel Access

City Road: Yes
Paved Road: Yes
State Highway: Yes
U.S. Highway: Yes

Present Zoning

City: Yes
Commercial: Yes
Multi-Family: Yes
Resid Multi-Family: Yes

Utilities

None: Yes

TransportationAccess

4 – Lane: Yes
Bus Service: Yes
City Road: Yes
Divided Highway: Yes
State Road: Yes

Property Features

TransportationAccess: 4 – Lane; Bus Service; City Road; Divided Highway; State Road Financing: Cash; Construction Perm; Conventional Lot Features: Cleared; Graded; Irregular; Site Plan; Soil Test; Storm Sewer; Survey Available Utilities: None Present Zoning: Commercial; Multi-Family; Resid Multi-Family

Listing Office: Coldwell Banker Realty

Last Updated: February – 28 – 2026

Information deemed reliable but not guaranteed.