Panama City Development Tract

Property Description

Positioned within Panama City's limits, this expansive 1,200-Acre property falls under the Urban Community Overlay District, a future land use category that permits up to 1,800 dwelling units and 450,000 square feet of mixed-use. This district is designed to foster economic growth while safeguarding environmental assets. A Planned Unit Development (Pud) application was submitted in March 2025.

The property is advantageously located near US 231, offering strong connections to major transportation routes. Its strategic location places it within a 30-minute drive of Tyndall Air Force Base, making it an ideal site for meeting the increasing demand for housing, commercial development, and infrastructure in this rapidly expanding area.

The district's future plans prioritize reducing vehicle usage and encouraging alternative transportation to US 231. This includes the planned extension of John Pitts Road through the subject property, which will establish a multi-modal corridor linking the site to the Panama City Port Authority Intermodal Distribution Center. Additionally, water and sewer connections are already in place at the property entrance, facilitating the development process.

With Panama City experiencing significant growth, this property's proximity to key amenities, including beaches and vital transportation links, positions it perfectly to capitalize on the area's rising demand for development. This property represents a unique opportunity to contribute to the dynamic growth of Panama City, with substantial potential for residential and commercial projects.

-1,200 ± acres within Panama City limits

-Zoned under the Urban Community Overlay District

-Entitled for up to 1,800 dwelling units and 450,000 ± SF of mixed-use development

-Planned Unit Development (Pud) application submitted March 2025

-Strong connectivity via nearby US 231