Price Reduction! Subject property is 0.85 acre parcel located on the hard corner of Highway 98 and Wildwood Road; the gateway to Panama City Beach. This is an excellent retail site and is an out-parcel to a daily needs retail center. The subject parcel would be the ideal site for small-box retail, gas station, or quick service restaurant development. The site is surrounded by national retailers and is one of the highest traffic areas in Bay County.

Location Description:

The subject area serves as the Gateway to Panama City Beach. It is the northeast corner at first signalized intersections on Panama City Beach (Hwy 98 & Wildwood Rd). The development site is located just West of the Hathaway Bridge. This is the first retail area reached by inbound traffic from Panama City and is also convenient for many established year-round residential areas on Panama City Beach. Wildwood Road serves as the only access point for a captured residential population of 1,400? with a population of 45,000? within a 5 mile radius of the site. The property is surrounded by national retailers including: CVS Pharmacy, Taco-Bell, Big K-Mart, and Bealls Outlet. Panama City Beach is the annual tourist destination to over 7 million and one of Florida's top drive-to destinations. Additionally, the subject parcel is across the street from The U.S. Navy's Naval Surface Warfare Center which employs over 3,800 military and civilian personnel generating a direct pay roll in excess of $150 million.

Highlights:

>> First Signalized Intersection on Panama City Beach

>> Hard Corner Surrounded by National Retailers

>> Out-Parcel to Daily Needs Retail Center

>> One of the Highest Traffic Areas in Bay County

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