1-Acre Retail/Restaurant Outparcel Opportunity

Panama City is the largest city in the Panama City-Lynn Haven-Panama City Beach Metropolitan Statistical Area (MSA). It is also the largest city between Tallahassee and Pensacola. Home to Port Panama City, Tyndall Air Force Base, the U.S. Navy’s Naval Support Activity Base, and Gulf Coast State College employs over 10,000 people combined. Northwest Florida Beaches International Airport is located in Panama City, the newest international airport to be built in the U.S. in more than 15 years. Business Facilities magazine ranks Panama City as the #1 Metro Area for Economic Growth Potential for communities with a population of less than 200,000. Given Florida’s limited corporate taxes and no state personal income tax, business dollars can go a lot farther. With the strong tourism market, 27 Miles of “The World’s Most Beautiful Beaches,” and stable employment, the Panama City-Lynn Haven-Panama City Beach MSA has become a highly sought-after MSA.Excellent build-to-suit opportunity located in the heart of Panama City, FL. The +/- .98-acre property is located along E 23rd St & Martin Luther King Jr Blvd, in the core retail trade area for Panama City. This location is ideal for a retailer or restaurant user. The property has excellent visibility and access, located along the highly trafficked Martin Luther King Jr Blvd (22,500 AADT). Across the street from the site is Bay City Point Shopping center, which is comprised of 200,000 SF and the Panama City Mall. Traffic volumes, accessibility, and demographic growth of the immediate trade area have attracted numerous national retail brands to the trade area. National retailers and restaurants include Target, Home Depot, Best Buy, Lowe’s Bealls Outlet, Hobby Lobby, Dillards, JC Penny, Ulta, Burlington, Ross, Mcdonalds, Chipotle, Panera, and many more.