Hard Corner Ground Lease

Vacant Land for Lease
Catylist Listing ID: 30815950
Property Subtypes: Retail
Gross Land Area: 1.15 Acres
Lease Rate: $200,000 (Annual)
$3.99 PSF (Annual)
Base Monthly Rent: $16,666
Lease Types: See Agent
Last Updated: 9/27/2022

Overview / Comments

Beck Partners is pleased to present a ground lease at 17108 Panama City Beach Pkwy. Located at the hard corner of Hwy 98 & Hwy 79. This 1.15-acre (50,094 SF) assemblage of land consists of two parcels. The property is currently zoned CH (Commercial High Intensity), which makes it a great location for a multitude of uses such as: drive-through, car wash, general office, gift shops & many others. Area highlights include the iconic Pier Park & the famous white sand beaches of the Emerald Coast.

1.15 AC
Signalized intersection of Hwy 98 & Hwy 79 (Combined 57,000+ AADT)
Each year approximately 4.5 million visitors come to PCB
Area Retailers include: Waffle House, Burger King, Taco Bell, Subway, Lizard Thicket, Forever 21, Brooklynn's, Dahlia's Boutique, American Eagle Outfitters, Old Navy, LOFT, Chico's, Target, Dillard’s, JC Penney, Marshalls

Additional Details

Nearest MSA: Panama City
County: Bay
Tax ID/APN: 33062-020-000
Zoning: CHI
Site Description: Located at the hard corer of Hwy 98 & Hwy 79. A combined Average Annual Daily Traffic count of over 57,000 vehicles. Far and away one of the most trafficked areas in the entire Gulf Coast. Panama City Beach has an estimated population of approximately 15,000, which increases to a peak daily population of more than 100,000 during the busy summer months. Each year approximately 4.5 million visitors come to PCB. This location is the main access artery west of the shopping and entertainment at Pier Park (120 retail locations) & is 12 minutes south of the new Minto Communities USA development, Latitude Margaritaville Watersound. This 3,500 home planned development was ranked 23rd in RCLCO Real Estate Consulting's list of the 50 top-selling master-planned communities in the U.S. based on sales activity so far this year. Watersound West Bay Center, a 350,000 SF lifestyle shopping center has also broken ground next to the community.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,032 9,880 13,108
Median Age: 45.95 42.36 44.22
Households: 926 4,331 5,870

Contact

Photograph of Listing Agent

Kylle Shoemaker

Beck Partners CRE, LLC
Not a member of TALrex.com
Photograph of Listing Agent

Stacy Taylor, CCIM

Beck Partners CRE
TALrex.com Member
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