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3100 Airport Road

Panama City, FL 32405
  • $1,300,000
  • STATUS: Active
  • ON SITE: 420 Days
  • MLS #: 741690
Price Reduced
UPDATED: 140 min ago
$1,300,000
  • 0
    BEDS
  • 4.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Bay

School Information

Elementary School:
Middle School:
High School:
Bay

Description

APPROVED 50 UNIT TOWNHOME DEVELOPMENT ORDER AND ENGINEERING IN PLACE!!! 25% Return and 8.5% CAP Rate. Discover Embrie Townhomes, an exciting future townhome development in Panama City, Florida right outside of Sweetbay. This development will have 50 three-bedroom, two-and-a-half-bathroom townhomes with garages and will be nestled on 4.369 acres of prime real estate. With an exceptional price point of $1.5 million, this development presents a compelling investment opportunity, with an estimated overall valuation projected to reach nearly $20 million. Unit comparables are currently at $379K per unit.Embrie Townhomes will boast a prime location with multiple entrances, ensuring easy access and eliminating the need for road maintenance from FDOT. Additionally, a lift station conveniently located across the street from the proposed development provides enhanced convenience and infrastructure. The property already includes a home that can be utilized as a sales office, streamlining the sales process.Each townhome within Embrie Townhomes will offer approximately 1,300 square feet of living space, perfectly designed to strike a balance between comfort and luxury for residents.SweetBay's marina will allow you to take full advantage of the Bay and Intercostal waterway to the Gulf. Phase 1 of the 40-acre marina district will feature a 2-acre wet basin and 56,000 square foot dry storage boat barn and will serve as the only marina on North Bay. Civils for Embie Townhomes were skillfully planned and executed by McNeil Carroll, guaranteeing top-notch construction and development. The property is currently zoned as MU3 (mixed use 3) with county approval for 50 townhomes, providing a solid foundation for the project's success.Embrie Townhomes benefit from their proximity to the future marketplace of Sweet Bay, offering a vibrant retail, dining, and entertainment scene within walking distance. Enjoy convenient access to the pristine bay, perfect for water sports and scenic walks along the shore. Embrie also provides easy access to the thriving city of Panama City, renowned for its amazing bays leading to the Gulf, exceptional dining options, convenient shopping, and a newly revitalized downtown area.Don't miss out on this exceptional future townhome development. Embrace the anticipation of the coastal lifestyle offered by Embrie Townhomes, where luxury and convenience merge in Panama City, Florida. With its attractive pricing, significant valuation potential, prime location near Panama City, Panama City Beach and 30A, as well as reputable engineers overseeing the project, this development promises substantial returns. Secure this prestigious community and seize the potential for a prosperous future.

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© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Reverie. Data last updated: 2024-07-13T11:04:12.363.
www.corcoranreverieproperties.com/homes/139738635
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3100 Airport Road Panama City, FL 32405

  • Price: $1,300,000
  • Status: Active
  • On Site: 420 Days
  • Updated: 140 min ago
  • MLS #: 741690
0
Beds
0
Baths
0
½ Baths
4.36
Acres
Neighborhood:
No Named Subdivision
County:
Bay
Area:
Bay County-Central
Elementary School:
Northside
Middle School:
Jinks
High School:
Bay
Property Description
APPROVED 50 UNIT TOWNHOME DEVELOPMENT ORDER AND ENGINEERING IN PLACE!!! 25% Return and 8.5% CAP Rate. Discover Embrie Townhomes, an exciting future townhome development in Panama City, Florida right outside of Sweetbay. This development will have 50 three-bedroom, two-and-a-half-bathroom townhomes with garages and will be nestled on 4.369 acres of prime real estate. With an exceptional price point of $1.5 million, this development presents a compelling investment opportunity, with an estimated overall valuation projected to reach nearly $20 million. Unit comparables are currently at $379K per unit.Embrie Townhomes will boast a prime location with multiple entrances, ensuring easy access and eliminating the need for road maintenance from FDOT. Additionally, a lift station conveniently located across the street from the proposed development provides enhanced convenience and infrastructure. The property already includes a home that can be utilized as a sales office, streamlining the sales process.Each townhome within Embrie Townhomes will offer approximately 1,300 square feet of living space, perfectly designed to strike a balance between comfort and luxury for residents.SweetBay's marina will allow you to take full advantage of the Bay and Intercostal waterway to the Gulf. Phase 1 of the 40-acre marina district will feature a 2-acre wet basin and 56,000 square foot dry storage boat barn and will serve as the only marina on North Bay. Civils for Embie Townhomes were skillfully planned and executed by McNeil Carroll, guaranteeing top-notch construction and development. The property is currently zoned as MU3 (mixed use 3) with county approval for 50 townhomes, providing a solid foundation for the project's success.Embrie Townhomes benefit from their proximity to the future marketplace of Sweet Bay, offering a vibrant retail, dining, and entertainment scene within walking distance. Enjoy convenient access to the pristine bay, perfect for water sports and scenic walks along the shore. Embrie also provides easy access to the thriving city of Panama City, renowned for its amazing bays leading to the Gulf, exceptional dining options, convenient shopping, and a newly revitalized downtown area.Don't miss out on this exceptional future townhome development. Embrace the anticipation of the coastal lifestyle offered by Embrie Townhomes, where luxury and convenience merge in Panama City, Florida. With its attractive pricing, significant valuation potential, prime location near Panama City, Panama City Beach and 30A, as well as reputable engineers overseeing the project, this development promises substantial returns. Secure this prestigious community and seize the potential for a prosperous future.
Exterior Features

Other Structures Residence Workshop Road Surface Type Paved

Property Features

Association YN No Documents Available Plat Listing Agreement Exclusive Right To Sell Property Sub Type Commercial Property Sub Type Additional Commercial Utilities Water Available Waterfront YN No Zoning Description Commercial Multi- Family Resid Multi- Family Resid Single Family

Central Panhandle Association of REALTORS (Panama City MLS) logo Listing provided courtesy of Beach House Sales and Development: (850) 919-3500. Listing information © 2024 Central Panhandle Association of Realtors MLS.


© 2024 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Corcoran Reverie. Data last updated: 2024-07-13T11:04:12.363.
 
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