$2,900,000

Exceptional development opportunity in Panama City Beach! This approximately 7.8-acre property on Allison Avenue recently received approval for both a Future Land Use Map amendment to General Commercial and a zoning change to C-3 General Commercial, significantly expanding the property's development potential. Located within Bay County's Beaches Special Treatment Zone, the property offers a unique combination of commercial and residential development potential. C-3 General Commercial allows a broad range of commercial uses, including retail, accommodations and food service, healthcare and social assistance, entertainment and recreation, construction, wholesale trade, manufacturing and other allowable uses. C-3 also includes allowable C-1 and C-2 uses. Within the Beaches Special Treatment Zone, allowable C-1 uses include residential uses under the R-1, R-2, R-3, R-4, R-5 and R-5A classifications, subject to applicable regulations and restrictions. Residential density within the Beaches Special Treatment Zone is subject to a maximum of 15 dwelling units per acre. With General Commercial future land use, C-3 General Commercial zoning and residential development potential through the Beaches Special Treatment Zone provisions, this property provides exceptional flexibility for a variety of potential development concepts. Conveniently located on Allison Avenue in Panama City Beach with access to the surrounding commercial, residential and tourism corridors. Buyer to independently verify zoning, allowable uses, density, utilities, development standards, permitting requirements and suitability for buyer's intended use with Bay County.