Callaway Storage Development

Investing in commercial property in Panama City, Florida, presents a solid opportunity for several reasons. The city is in the midst of a revitalization following the damage caused by Hurricane Michael in 2018, spurring a wave of rebuilding and infrastructure improvements. This has increased demand for commercial real estate, particularly in retail, office, and industrial sectors. Panama City's strategic location along the Gulf Coast makes it ideal for industries like logistics, maritime services, and distribution, ensuring a consistent demand for commercial properties in these sectors. The city also benefits from a strong tourism economy, with its beautiful beaches drawing both seasonal and year-round visitors. This drives demand for retail, hospitality, and dining spaces, offering steady potential for rental income. Furthermore, the relatively low cost of real estate compared to larger markets presents an attractive entry point for investors, with good potential for appreciation as the city continues to grow and develop. Panama City's business-friendly environment, coupled with ongoing infrastructure improvements, makes it a prime location for commercial real estate investment, offering both short-term returns and long-term growth potential.Located in Panama City, FL, the Callaway Development Site sits at a high-traffic signalized intersection on Highway 22, just six miles from Tyndall Air Force Base, which is undergoing a $5 billion rebuild. The area is experiencing rapid population and economic growth, with new military housing, multifamily developments, and commercial expansion. Zoned C-3 commercial, the site is pre-approved for up to 263,808 SF self-storage facility and exempt from Callaway’s storage moratorium. With limited climate-controlled storage competition, infrastructure ready, and major roadway expansion plans, this shovel-ready project offers strong long-term investment potential in a booming market.