$1,750,000
Panama City, FL 32404
MLS# 769417
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Property Description
outstanding parcel in a rapidly growing corridor. The parcel offered is 4 acres, however seller can also add 3 acres of adjoining additional uplands to the east. Bay County Parcel ID: 07202-010-000 and 07208-000-000; located in City of Callaway; The site is located directly on South Tyndall Parkway 400 feet frontage, reserving a 50' access easement in the NW corner. The Avg Daily Traffic Count 20,400 vehicles per day (2025); This site is 3.3 Miles to Tyndall Air Force Base visitor center. The influx of defense-related projects and economic development initiatives has propelled the entire community into a period of unparalleled growth. With one-third of the region's economy anchored in the defense industry, the demand for both housing and support businesses has surged, presenting investors with a solid opportunity for returns. Air Force Base of the Future: Tyndall Air Force Base's transformation into the 'Base of the Future' signifies a monumental leap forward in defense infrastructure. With the Air Force's commitment to bed down three F-35 fighter squadrons and the addition of 400- 600 +/- military jobs per squadron and additional support personnel for support functions, traffic count and the need for increased services should continue to grow. The Bay Economic Development Alliance continues to win commitments by new and expanding industry. Recently, the $175MM capital investment in 'Project Spinner' IAG Aero Group brings 500 new aviation-related jobs to Spark Economic Growth, 160,00 SF of facilities, and a 350-acre acquisition north of the airport. Premier Aviation, a new MRO (Maintenance Repair Operation) will refurbish CRJ aircraft and Mocama Marine LLC establishes a boat manufacturing operation; Port Panama City welcomed a new 251,000 square-foot FedEx Ground facility at the Industrial Distribution Center on Highway 231, Borusan Berg Pipe announced a $68MM expansion, Voltari Electric, Canada based co. announced 285 jobs & $38M investment... and continued interest by significant employers.
Details
Maps
Contract Info
List Price/Acre: 448717.95
List Type: Exclusive Right of Sale
Named Exception: No
List Date: 2025-02-24
List Price: $1,750,000
Current Price: $1,750,000
Sub-Type: Vacant Land
Location, Tax & Legal
Sub Area: 0202 - Bay - Central SE
Community/Resort: None
Waterfront: No
Section: 19
Township: 4S
Range: 13W
Elementary School: Parker
Middle School: Everitt
High School: Rutherford
Directions: On Hwy 98 (Tyndall Pkwy) just south of
Boat Race Rd and adjacent to at the intersection of Bus 98 and Tyndall Pkwy. Directly SE of the new Marriott StudioRes Hotel under construction.
HOA Fee: No
Street #: 1117
Street Direction: S
Street Name: Tyndall
Street Suffix: Parkway
State: FL
Zip Code: 32404
County: Bay
Area: 02 - Bay County - Central
Subdivision: No Named Subdivision
Parcel ID: 07208-000-000
Legal Description: (portion of: 19 4S 13W 5A -5-132C2-BEG 550' N & 50' E OF SW COR OF N 1/2 OF SW1/4 OF NW1/4 TH E 568' N 400' W 568' TO PT 50' E OF W BDRY OF SEC S 400' TO POB (SUB TO BNDY LINE AGREEMENT ORB 4569 P 1906) ORB 4596 P 2029
General Property Info
Acreage: 3.9
Lot Size (SqFt): 169971
Frontage Feet: 350
Is Subject Leased: No
Remarks & Misc
Remarks: outstanding parcel in a rapidly growing corridor. The parcel offered is 4 acres, however seller can also add 3 acres of adjoining additional uplands to the east.
Bay County Parcel ID: 07202-010-000 and 07208-000-000; located in City of Callaway; The site is located directly on South Tyndall Parkway 400 feet frontage, reserving a 50' access easement in the NW corner. The Avg Daily Traffic Count 20,400 vehicles per day (2025); This site is 3.3 Miles to Tyndall Air Force Base visitor center. The influx of defense-related projects and economic development initiatives has propelled the entire community into a period of unparalleled growth. With one-third of the region's economy anchored in the defense industry, the demand for both housing and support businesses has surged, presenting investors with a solid opportunity for returns.
Air Force Base of the Future: Tyndall Air Force Base's transformation into the 'Base of the Future' signifies a monumental leap forward in defense infrastructure. With the Air Force's commitment to bed down three F-35 fighter squadrons and the addition of 400- 600 +/- military jobs per squadron and additional support personnel for support functions, traffic count and the need for increased services should continue to grow.
The Bay Economic Development Alliance continues to win commitments by new and expanding industry. Recently, the $175MM capital investment in 'Project Spinner' IAG Aero Group brings 500 new aviation-related jobs to Spark Economic Growth, 160,00 SF of facilities, and a 350-acre acquisition north of the airport. Premier Aviation, a new MRO (Maintenance Repair Operation) will refurbish CRJ aircraft and Mocama Marine LLC establishes a boat manufacturing operation; Port Panama City welcomed a new 251,000 square-foot FedEx Ground facility at the Industrial Distribution Center on Highway 231, Borusan Berg Pipe announced a $68MM expansion, Voltari Electric, Canada based co. announced 285 jobs & $38M investment... and continued interest by significant employers.
Financing
Cash: 1
Conventional: 1
Will Lease: 1
Lot Features
Aerials/Topo Available: 1
Environmental Restrictions: 1
Near Public Boat Ramp: 1
Site Plan: 1
Survey Available: 1
Topographical Survey: 1
Wetlands: 1
Lot/Parcel Access
U.S. Highway: 1
Present Zoning
City: 1
Commercial: 1
Multi-Family: 1
Utilities
All Utilities: 1
Community Sewer: 1
Community Water: 1
Sale Type
As Is: 1
Other - See Remarks: 1
TransportationAccess
4 - Lane: 1
Divided Highway: 1
Status Change Info
Status: Active
Property Features
TransportationAccess: 4 - Lane; Divided Highway
Financing: Cash; Conventional; Will Lease
Lot Features: Aerials/Topo Available; Environmental Restrictions; Near Public Boat Ramp; Site Plan; Survey Available; Topographical Survey; Wetlands
Sale Type: As Is; Other - See Remarks
Utilities: All Utilities; Community Sewer; Community Water
Present Zoning: Commercial; Multi-Family
Listing Office: ERA Neubauer Real Estate, Inc
Last Updated: June - 30 - 2026
Information deemed reliable but not guaranteed.