This is an incredible develpment opportunity just 5 miles north of Panama City Beach and 3 miles west of the Panhandles new International airport. This site boasts full visability from the Buchanan Bridge and some of the most beautiful uplands found in the area. Zoning is Commercial. Call today for details. Price recently reduced to $3.8M
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Bbs Summary
1. This project is being marketed under the
name BB’s Landing. It is
approximately 12 acres on the North
West quadrant of the Buchanan Bridge
which crosses the Inter-Coastal
waterway in West Bay, Florida. This is
a gorgeous site with majestic oak trees
on the uplands lining a beautiful deep
water bayou lined with saw grass. The
site also has a ~9 acre island with a
small wooden bridge crossing to it.
There are some limitations to
development because of a Corp of
Engineers Spoils Easement that
encroaches onto the uplands of the
island. This easement does not interfere
with usage, but does restrict permanent
structures. The Sellers have engineered
drawings supporting a condo project on
the buildable upland portion of the site,
with the areas affected by the easement
designated as amenity areas. It is
possible through litigation or political
pressure to have the easement dissolved
and further increase the value of the
property. Present owners have
submitted applications for dredge and
wet-slip permitting. This site is
currently zoned Commercial. Asking
price is $3.8M.
2. View of island looking
West down the Inter-
Coastal towards the
Choctawhatchee Bay. This
section of the Intra-coastal
Waterway is
approximately half-way
between St. Andrews bay
in Panama City, and the
Choctawhatchee Bay in
Destin.
View of
Island and
Bayou from
Buchanan
Bridge
3. For Additional Information on this or any other investment opportunities in the West Bay
or surrounding areas, please contact Lisa Felix 850-819-4961.