252 Deermont St, Panama City Beach, FL 32413

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Building Details:

1.65+/- acres on the south side of Front Beach Road with 431 feet of road frontage and approximately 336 feet of beach frontage; 1.16 acre non-waterfront site directly north of Front Beach Road with 322 feet of road frontage.

The land, entitlements and existing infrastructure is offered at $7,900,000.00, an approximate 84.5% discount from the current owner’s cash investment.This is an exceptional buy at a firm price. Call listing broker for background and details. Close to a contract less than a year ago at $9.5 million. EXCELLENT economic predictions for this area. First new International Airport built from scratch in the US in the last 13 years. St.Joe Company,NYSE, is the Bay County's largest land owner, donated the land for the airport and are building the Corporate Headquarters next to the airport in their new business park. Thriving port at Panama City. Many golf courses. Over 7 million visitors a year by car. New airport with Detla and Southwest expanding to NE and MidWest tourists.

Breakdown:
$2,811,387 per acre; $33,761 per unit
$23,512 per foot of beach frontage