#761510, Listing Office: EXP Realty LLC
Property details
About 401 N Kimbrel Ave
LOCATION! LOCATION! LOCATION!Discover an exceptional opportunity with this 16.53-acre parcel situated at 401 N Kimbrel Avenue in the dynamic and developing Panama City, Florida. Boasting a prime location that is conveniently close to educational institutions, recreational areas, and vital employment hubs, including Tyndall Air Force Base, this site is ideal for developers looking to respond to the city's current and future housing needs. The property offers ample space for a significant multi-family residential project, with zoning classification R5-A, which allows for the construction of up to 25 residences per acre. The max allowable units in this location is 413. We are excited to welcome investors to the market for a development-ready project after Seller has completed the initial work and preparation. The potentially 400 door multifamily development has been cleared. The 16.5 acre parcel is situated along the major thoroughfare in the area, Highway22 and also connects to the main artery of the Bay County, Highway 98. All pre-development work and permits have been issued. The property is within a 30-minute drive to the sugary sands of the Panama City, Beach and offers various ecotourism opportunities. In a quick 15 minute drive, you will arrive to the revitalized Downtown Panama City, with its walkable shopping and waterfront dining venues. It lies within a strategic locale and is well-positioned outside the flood zone, making it a valuable find for a visionary development tailored to accommodate the influx of professionals and their households. This offering is a cornerstone opportunity to contribute to the area's resurgence with a development that captures the spirit of growth. This versatile plot stands ready for a transformative development that will cater to both civilian and military families, contributing to the rejuvenation of the community. Capitalize on the opportunities of Panama City by investing in a property that offers promising growth and profits. Buyers are encouraged to submit offers as they seek updated zoning to address their needs.
Highlights
Home typeBusiness
StatusActive
Lot size16.54 Acres
MLS #754214
Summary
- MLS Number: 754214
- MLS Name: BCAR
- Office Name: Coldwell Banker Realty
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 8:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$8,000,000
401 N Kimbrel Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 10, 2021 | Home Sold | $825,000 |
| Jul 19, 2021 | Home Sold | $529,000 |
| Jan 04, 2005 | Home Sold | $495,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $946,522 | $11,852 |
| 2022 | $946,522 | $10,928 |
History based on county public records data.
Nearby schools
7
Callaway Elementary School
Public District KG-5
0.9 mi
•7115 E Highway 22
4
Parker Elementary School
Public District PK-5
1.6 mi
•640 S Highway 22 A
1
Cedar Grove Elementary School
Public District PK-5
2.7 mi
•2826 E 15th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,479. Typical income of Panama City, FL residents is less than $<35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
50%
<35k
37%
35k-100k
13%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
45%
Single, No Kids
15%
Single, with Kids
23%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
22%
18-34 yrs old
39%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
Extreme Sports
Where do the neighbors shop?
Wal-Mart
Kmart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Sonic
Bob Evans
Little Caesars
What do the neighbors drive?
Oldsmobile
Buick
Chevrolet
What do the neighbors listen to?
Contemporary Inspirational- Oldies
Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 401 N Kimbrel Ave
This home is located at 401 N Kimbrel Ave in Panama City, FL and zip code 32404 in the Saint Andrews Bay neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 14, 2024 and is currently priced at $8,000,000.
Over 5 listings were sold over their listed price in February 2025 in Panama City, FL. In the same period over 98 listings were sold below the listed price and 36 listings were sold for the listed price. The number of listings in Panama City, FL increased by 6.1% between January and February 2025. In February 2025 median list price was $337,016 and the average listing age was 87 days.
From Rocket Homes Real Estate and based on county public records data.