8307 Fl-22, PANAMA CITY, FL

$2,395,000

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197,327

Square feet

4.53

Acres

About 8307 Fl-22

Callaway Cove'' Apartments is in Callaway, between Panama City and Tyndall Airforce Base. ''Shovel Ready''. Land is owned with no debt, 70% cleared and all 3rd party engineering reports and Phase 1 Environmental are complete. The ''DO'' (Development Order) is in place which was updated in May 2023 and allows for immediate horizontal construction. The ''Market Demand'' studies (MFA and HUD) show a demand of about 500 housing units in the Callaway submarket alone, due to strong core job growth and the depletion of housing units due to Hurricane Michael in 2018. Tyndall Airforce base, 6 miles away has four new F35 jet squadrons groups as well as the Drone division at the base, all needing housing.

Features of 8307 Fl-22

MLS® # 943980
Price $2,395,000
Square Footage 197,327
Acres 4.53
Type Commercial Sales
Status Active

Community Information

Address 8307 Fl-22
Area Bay County
City PANAMA CITY
County BAY
State FL
Zip Code 32404

Amenities

Is Waterfront No

Additional Information

Zoning Commercial
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeInlet Beach Real Estate

Listing Map

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