6822 E Highway 22, Panama City, FL 32404

$675,000

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List Price
$675,000
Price Change
▼ $74,900 1781571844
MLS#
784613
Status
ACTIVE
Type
Land
Subtype
Commercial
Lot Size
153,723
Neighborhood
Bay - Central SE

Property Description

3.5± Acre Prime Corner Development Site | Approved Storage DO | Hwy 22 - Callaway Area Outstanding development opportunity at 6822 Hwy 22, featuring a highly visible 3.5± acre corner lot with strong frontage and excellent access along a well-traveled corridor. This site-ready parcel includes an approved Development Order (DO) for self-storage, significantly reducing entitlement risk and allowing a buyer to move directly toward construction. The property has already been cleared and root-raked, saving substantial time and upfront costs. Site drawings and engineering are complete and in hand, providing a smooth transition from acquisition to development. Located in a high-growth area near Tyndall Air Force Base, which has seen continued expansion and new housing development since 2018, this site benefits from increasing demand drivers. While the City of Callaway currently has a moratorium on new storage facilities, this property is located on Bay County land, where storage development is permitted, making it a rare and valuable opportunity. The approved Development Order was designed to maximize land use, but the building sizes and layout are flexible. The site plan demonstrates maximum allowable utilization; however, a buyer may scale the project down, modify building sizes, or develop in phases as desired. The approved impervious area provides a wide range of options, offering an open canvas for investors, builders, or owner-operators. With approvals, environmental studies, and site prep already completed, this property removes many of the typical development hurdles and is ideal for those seeking a shovel-ready self-storage project in a growing market.

Additional Information

Acres
3.53
Neighborhood
Bay - Central SE
Subdivision
[No Recorded Subdiv]
Zoning
General Commercial

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Calculator source: Real Geeks

Listing courtesy of CENTURY 21 Commander Realty.