CURRENTLY UNDER CONTRACT - SELLER ACCEPTING BACK UP OFFERS. An incredible opportunity is now available for FUTURE COMMERCIAL DEVELOPMENT in Panama City Beach, Florida, just 1/4 mile from Latitude Margaritaville, one of the top master-planned communities in the United States featuring 3,500 new construction homes as well as a Publix Super Market-anchored shopping center that is coming soon. LOCATION is EVERYTHING with this 1.97 acre property is available for commercial development. Access to the beautiful beaches in Panama City Beach is only 6 miles to the south and Northwest Florida Beaches International Airport (ECP) is only 3 miles to the east. ECP Airport is ranked the #4 fastest growing airport in the United States! Greeting over 1.6MM annual travelers, ECP is a gateway to Panama City Beach and the South Walton Highway 30A corridor. The new Tallahassee Memorial Hospital Medical Park is also 6 miles from the property and a great opportunity for medical growth in the community. This property measures approximately 2 acres with 130' road frontage on Highway 79 and is 667' deep. Highway 79 is a direct connection to the I-10 interstate just 39 miles north of the property. Highway 79 is an extremely high traffic area and excellent for potential commercial development. Zoned ''Village Center'' under the Bay-Walton Sector Plan this zoning is intended to provide for mixed-use development in the form of limited neighborhood-scale commercial development within walkable distance to surrounding neighborhoods with public spaces in the form of parks, town squares and community facilities. Under Village Center, the following are allowable uses: R-5 (Residential), C-1 (Neighborhood Commercial), C-2 (Plaza Commercial), C-4 (Research and Design), Public Institutional, Parks and Open Space, Civic use and others. Village Center zoning allows for 10 dwelling units per acre. Buyer is encouraged to contact Bay County Planning and Zoning to verify all zoning information.The Bay-Walton Section Plan is a monumental land use guide that will craft development of the area over the next 50 years. With approximately 170,000 residential units mixed with 60 million square feet of commercial and institutional uses on approximately 150,000-acres, this is the area for growth for business to be a part of!The property has an existing home that is currently occupied by a tenant. This is an excellent opportunity to generate income while developing plans for your commercial development. The home is a 3 bed, 2 bath with approximately 1,346 square feet. This is your opportunity to take this property to the next level for future commercial development. Buyer to verify all information if deemed important.