Panama City Fl Commercial Real Estate

**jessiesc** · 09-11-2006, 01:04 PM

Hello everyone,

The Panama City Fl Real Estate market is experiencing steady growth in both the Residential and Commercial markets as well as value priced investments.

With the recent F.A.A. R.O.D. on our new international airport, now is the time to get involved in investing in our area!

If you'd like more information, please feel free to visit our website www jennifermackay com (don't forget to put the dots back).

Thank you and good luck to all.

**mortgagecalculator360.com** · 09-23-2006, 02:00 PM

I agree it seems like a good commercial investment. I've been coming to pbc for many years.

Is the PBC real estate slowing with the rest of the country?

Is the piano guy still playing at Breakers?

**jessiesc** · 09-23-2006, 03:06 PM

Hi there mortgagecalculator360.com,

While the higher priced residential market has stabilized, the mid to lower income housing is still very active. Many investors are beginning to tap this market in increasing numbers.

The commercial market is also very active now that the airport announcement has been released. Everyone is trying to position themselves with land purchases as close to the airport as they can get. I believe this will send our market once more into a frenzy in the very near future.

I haven't been to Breakers in quite awhile, they seem to always have look alike acts these days. I also heard, they were scheduled to become another condo fatality!

**mortgagecalculator360.com** · 09-24-2006, 10:31 AM

Thanks for the reply Jessiesc.

Did they select the west end of pbc for the airport location?

Clearly there's money to be made in PBC. So does and investor buy raw commercial land? residential near the beach on the west end or go further west to the 30-a corridor?

**jessiesc** · 09-24-2006, 11:30 AM

The new airport will be located along route 388 just east of route 79 on the beach side just over the bridge.

What we've seen from a commercial perspective is increased interest in raw land, as well purchasing and building along the panama city pkwy (back beach road). This area is targeted to be the new/additional commercial corridor. Business 98 is also seeing quite a bit of interest as far east as the east bay side.

With the new galleria opening in Callaway soon, there are many areas for growth and opportunities throught out our area. Pier park on the beach side is due to open it's phase 1 stores with anchors such as Target and Dillards and a new multi-plex/IMax theatre. There are a total of 3 phases for the Pier park shopping center with the final phase due to be completed 1st quarter 2008.

Residential beach property is moving slowly at the moment along with condo sales. While there is movement on the beach when the prices are adjusted appropriately, most of the residential movement can be seen in the city proper and moving out towards 231 and the youngstown area.