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PROPERTY FEATURES + PROMINENT SITE - 90,000+/- SF building on 7.25+/- acres at the
market area’s key entry point which feeds the highly recognized tourist destination of Panama City Beach, Florida.
+ STRONG VISIBILITY AND ACCESS - over 60,000 average daily traffic on US Highway 98, immediately in front of the property, and at intersection of Thomas Drive which accesses the Bay Point Resort (golf, marina, etc.), the acclaimed St. Andrews State Park, and the area’s primary fishing charter fleet.
+ VIBRANT ECONOMIC CENTER - within ½ mile of major employers, including Naval Supply Activity (NSA, Naval Surface Warfare Center), Florida State University at Panama City, Gulf Coast State College, and the Port of Panama City, and at the primary gateway to all the Beaches and tourist destinations.
+ MAJOR MARKET GROWTH - adjacent to significant new development, including hundreds of new townhomes and apartments currently under construction, and within ½ mile of the region’s largest recreational sports complex, a 210-acre, $30 million project that just commenced construction.
www.cbre.com/beachgateway
FOR SALE
GATEWAY TO THE BEACH7100 W. HIGHWAY 98PANAMA CITY BEACH, FL 32407
Bay Point Resort
NSA
St. Andrews State Park
THOMAS DR
MAGNOLIA BEACH RD
WILD
WO
OD
RD
FRONT BEACH RD
PANAMA CITY BEACH PKWY
Future Home of Bay County Recreational
Sports Complex
New Residential Development
(Under Construction)
SUBJECT
SUBJECT
www.cbre.com/beachgateway
FOR SALEGATEWAY TO THE BEACH
CONTACT US
TOM WATSONVice President+1 850 527 3524thomas.watson@cbre.com
CBRE, Inc. | Licensed Real Estate Broker
© 2017 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
7100 W. HIGHWAY 98PANAMA CITY BEACH, FL 32407
Destin, FL48 Miles
International Airport 5 Miles North
2016 Estimated Demographics 5 minutes 10 minutes 15 minutes
Population 8,856 40,486 61,180
Percent Population Change - 2016 to 2021 1.93% 1.33% 1.25%
Daytime Employment 6,588 28,185 61,426
Average Household Income $59,627 $63,502 $62,638
Housing Units 5,588 33,988 48,183
Seasonal Population* 16,764 101,964 144,549
SUBJECT
Naval Surface Warfare Center
Port of Panama City
Downtown Panama City
Panama CityBeach
*Seasonal Population is estimated at 3 persons per housing unit.
WALMART
WALMARTSAM’S CLUB
Panama City Mall
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