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Development Site

Callaway Development Site

6822 Highway 22 Panama City, FL 32404

Number of Units:

Occupancy:

Rentable SF:

Year Built:

Investment highlights

  • List Price: $3,800,000
  • On the corner of a signalized intersection
  • Supply gap for Climate Control facility
  • Approved for storage prior to current storage moratorium along the Hwy 22 & Tyndall Pkwy corridors
  • High growth market, with a 400+ unit multi-family development, 120 new military facilities, and 550 single family military homes in the local pipeline
  • Approximately 6 miles from Tyndall Air Force Base
  • Property positioned to allow for speculated expansion of Hwy 22 to four lanes

General description

This property is zoned C-3 commercial and all site engineering has been completed. A Developmental Order has been issued for self-storage and the land will accommodate up to a 3-story facility totaling 263,808 SF or owner’s unit-mix  preference of a combination drive-up and multi-story.  The silt fence and construction entrance are installed. Special permission has been obtained from the FDOT for the permanent entrance. This land is in Bay County, just outside the City of Callaway, and sits just 6.8 miles from busy Tyndall Air Force Base.

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