Mixed-Use Site 8.79* acres Lynn Haven, Florida (Panama...
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Mixed-Use Site 8.79* acres Lynn Haven, Florida (Panama City) Ideal for Neighborhood Retail Shopping Center, Senior Independent Living, Assisted Living, Medical, Restaurant, Multifamily, Educational, Office, Etc. $1,999,000, $228,000/acre*-$5.23/sf* Great American Quality Management, LLC Contact: Buddy Vucovich 850-974-5710 buddyvucovich@gmail. com 2260 Hwy 77, Lynn Haven, FL 32444 Unique opportunity to acquire all or part of one of the few sites on Hwy 77 large enough to accommodate a combination of retail and high density residential. The site is located in the heart of Lynn Haven, Florida, a northern suburb of Panama City. Property highlights include: Adjacent to 65,500sf Publix center (south of site with shared ingress/egress) at 96% occupancy. Directly across Hwy 77 from 250,000sf Super Wal-Mart (opened 2009); 3.9 miles from Gulf Coast Regional Medical Center, 4.7 miles to Bay/Sacred Heart Medical Center. Three outparcels (not included) are Dunkin Donuts, Sonny’s BBQ and Innovations Federal Credit Union. SunTrust Bank ATM 10 Year Ground Lease commenced Sept 2017 at $1,500/month (not included). Property entitlements and zoning include: • 20 units/acre ground level or above commercial. • 50’ building height and 75% Impervious Surface ratio. • ‘No Impact’ traffic analysis completed, recently reduced in Fire/Police impact fees. • *Acreage includes 2.29 acre common storm water mitigation allows for construction on 6.5 acres of the site. Parcel sizes are estimated. • Final City of Lynn Haven DO approval for up to 62,500sf of retail; DO modification for buyer uses in < 90 days. Traffic counts of 25,500 on Highway 77, the primary northern access route to the new Panama City Airport (Northwest Florida Beaches International Airport). Site Plan below is conceptual-Sale is subject to Lender approval LYNN HAVEN POPULATION AND INCOME 5 Mile Radius Population - 2014 73,194 Population - 2019 75,419 Population Growth 14-19 3.04% Households - 2014 29,719 HH Growth 14-19 2.95% Avg. HH Income $59,140 Med HH Income $45,452 Avg. Age 39.70 80-84 Unit Senior IL 94,00SF 4 story Retail 12,800 SF Future Medical- Office 15.500SF Future Shared Storm, water- Retention Publix 65,500SF Center HIGHWAY 77
Transcript of Mixed-Use Site 8.79* acres Lynn Haven, Florida (Panama...
Mixed-Use Site 8.79* acres Lynn Haven, Florida (Panama City)Ideal for Neighborhood Retail Shopping Center, Senior Independent Living, Assisted Living, Medical, Restaurant, Multifamily, Educational, Office, Etc.
$1,999,000, $228,000/acre*-$5.23/sf*
Great American Quality Management, LLCContact: Buddy Vucovich 850-974-5710
2260 Hwy 77, Lynn Haven, FL 32444Unique opportunity to acquire all or part of one of the few sites on Hwy 77 large enough to accommodate a combination of retail and high density residential. The site is located in the heart of Lynn Haven, Florida, a northern suburb of Panama City. Property highlights include: Adjacent to 65,500sf Publix center (south of site with shared ingress/egress) at 96% occupancy. Directly across Hwy 77 from 250,000sf Super Wal-Mart (opened 2009); 3.9 miles from Gulf Coast
Regional Medical Center, 4.7 miles to Bay/Sacred Heart Medical Center. Three outparcels (not included) are Dunkin Donuts, Sonny’s BBQ and Innovations Federal Credit Union. SunTrust Bank ATM 10 Year Ground Lease commenced Sept 2017 at $1,500/month (not included). Property entitlements and zoning include:
• 20 units/acre ground level or above commercial.• 50’ building height and 75% Impervious Surface ratio.• ‘No Impact’ traffic analysis completed, recently reduced in Fire/Police impact fees.• *Acreage includes 2.29 acre common storm water mitigation allows for construction on 6.5
acres of the site. Parcel sizes are estimated.• Final City of Lynn Haven DO approval for up to 62,500sf of retail; DO modification for buyer uses
in < 90 days. Traffic counts of 25,500 on Highway 77, the primary northern access route to the new Panama City
Airport (Northwest Florida Beaches International Airport).Site Plan below is conceptual-Sale is subject to Lender approval
LYNN HAVEN POPULATION AND INCOME 5 Mile Radius
Population - 2014 73,194
Population - 2019 75,419
Population Growth 14-19 3.04%
Households - 2014 29,719
HH Growth 14-19 2.95%
Avg. HH Income $59,140
Med HH Income $45,452
Avg. Age 39.70
80-84 Unit
Senior IL94,00SF 4 story
Retail 12,800
SF Future
Medical-Office
15.500SF Future
Shared Storm, water-
Retention
Publix 65,500SF
Center
HIGHWAY 77
Great American Quality Mgt. (GAQM) and the Owner make no warranty or representation, expressed or implied, to the accuracy of the information contained herein. The information has been submitted in good faith subject to the possibility of errors and omissions; rental information or other related Property information may change without notice. Buyers should rely solely on their own independent analysis, due diligence and verification of Property information. Interested parties agree that GAQM and the Owner shall have no liability to the investor and/or its
representatives or agents resulting from the use of the information contained herein or distributed by GAQM and the Owner in the future.Great American Quality Management, LLC 850-974-5710
Site 8.79 acres
25,500 AD Traffic Count-2013
Site
Great American Quality Management, LLCContact: Buddy Vucovich 850-974-5710
Site 8.3 acre, 62,500sf GLA
Retail, 20 Units/ Acre Residential
