14808 Bayview Circle, Panama City Beach, FL 32413

$5,440,000

Property Description

This is a RARE FIND for a 5+ acre WATERFRONT property that is zoned for commercial development. Location is A+!fully visible from the Buchanan Bridge at the gateway to Panama City Beach. This property is just east of Boondocks in West Bay. Location is just 4 miles north of PCB PKWY and about 1.5 miles south of Latitude Margaritaville. Zoning is (mostly) C-3 commercial which allows for a multitude of high density uses including hotels, condo, marina, dry boat storage, restaurants etc. The inland cut area in this property is owned by the surrounding property owners, meaning there is no State jurisdiction that may impede dredging. Water/Sewer Available. There are currently leases on the property totalling over $4500/mo. Leases set to expire inside of year. Broker has owner interest.

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Listing courtesy of Full Sail Realty, LLC.