4501 Transmitter Road, Panama City, FL 32404

$2,900,000

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List Price
$2,900,000
MLS#
794968
Acres
41.50
Lot Size
1,807,740
Subdivision
St. Andrews Bay Dev. Co.

Property Description

RARE DEVELOPMENT OPPORTUNITY to acquire approximately 41.5 acres within the Lynn Haven municipality with approximately 960 feet of frontage along Transmitter Road. This property is conveniently located near Highway 231 and Highway 390 and surrounded by residential growth, established neighborhoods, schools, recreational parks, shopping, dining, and other amenities. Water, sewer, and electric utilities are available in the area with fire hydrants nearby. Formerly used as a church campus, the property currently has a Future Land Use designation of P/I (Public/Institutional). Potential may exist to pursue a Future Land Use and/or zoning change for Low Density Residential or Medium Density Residential development (subject to governmental review and approval). Existing improvements include asphalt drives and large parking areas. With substantial acreage, road frontage, nearby utilities, and a convenient location, this property offers a great opportunity for future use or development. Call today for more information!

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Listing courtesy of CENTURY 21 Commander Realty.