$4,900,000

PRIME FRONT BEACH ROAD COMMERCIAL REDEVELOPMENT OPPORTUNITY IN THE HEART OF PANAMA CITY BEACH. Located at 11832 Front Beach Road, this highly visible property offers approximately 158.5 feet of frontage along Front Beach Road and approximately 0.57 acres, positioned between two of Panama City Beach's major north-south corridors, Richard Jackson Boulevard and Alf Coleman Road. The property is currently improved with an approximately 10,416-square-foot commercial building, including approximately 9,600 square feet of HVAC space. Portions of the building are currently occupied and generating activity, including an operating golf cart and Slingshot rental business and an additional tenant. Other portions of the building are presently unused due to roof damage. The property is currently identified as CH - Commercial High Intensity, providing an opportunity for an investor, owner-user, or developer to evaluate a variety of potential commercial and redevelopment uses, subject to verification and approval by the appropriate governmental authorities. With its substantial Front Beach Road frontage, high-visibility location and proximity to established commercial businesses, resorts, restaurants, entertainment venues and beach access, this site may be particularly attractive for future redevelopment. Potential concepts could include a larger commercial project, mixed-use development, hospitality or condominium-related development with ground-floor retail, subject to zoning, density, height, parking, access, storm water and other applicable development requirements and governmental approvals. The property also benefits from its location directly across Front Beach Road from currently undeveloped property, creating additional visibility from the roadway. Front Beach Road improvements and future right-of-way considerations should be independently verified. The Seller is currently working to obtain additional information regarding the anticipated Front Beach Road widening and its potential impact on the property. The offering includes real estate, lease interests, inventory and FF&E, as applicable to the transaction and subject to clarification by Seller. This is an opportunity to acquire a substantial commercial site along one of Panama City Beach's primary tourism and commercial corridors, with the ability to benefit from the property's current use while evaluating its longer-term redevelopment potential. Property is occupied. Please do not disturb tenants or operating businesses. Showings are by appointment only.