16 Acre MultiFamily Commercial Site for Sale

Vacant Land for Sale
Catylist Listing ID: 30378715
Property Subtypes: Multi-Family, Retail, Other
Gross Land Area: 16 Acres
Sale Price: $1,200,000
Unit Price: $75,000 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

Available for sale, a 16 acre development site situated less than 1 mile from Interstate 10 in Marianna, FL on Hwy 71. The site offers quick access to Panama City along with much of NW Florida via Hwy 71 and I-10, as well as nearby retail amenities, and restaurants. This property is well situated for multi-family development or various commercial uses. Current zoning allows for up to 12 units per acre with water and sewer available at Hwy 71 Market Notes: Marianna has experienced major housing demands and has a near 0% vacancy rate following Hurricane Michael. There is strong demand for new multi-family housing development. This site offers some of the highest density allowable in the county allowing a developer to readily supply the current demand.

Additional Details

Nearest MSA: Panama City
County: Jackson
Tax ID/APN: 36-4N-10-0000-0210-0010
Zoning: COM

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Demographic Statistics

Proximity: 5 miles
Total Population: 7,874
Median Age: 40
Households: 3,377


Photograph of Listing Agent

Fletcher Dilmore

Beck Partners CRE, LLC
TALrex.com Member
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