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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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1616 Allison Ave , Panama City Beach, FL 32407
$3,000,000
Est. Payment: $15,215.43/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 8
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Exceptional development opportunity in Panama City Beach! This approximately 7.8-acre property on Allison Avenue recently received approval for both a Future Land Use Map amendment to General Commercial and a zoning change to C-3 General Commercial, significantly expanding the property's development potential. Located within Bay County's Beaches Special Treatment Zone, the property offers a unique combination of commercial and residential development potential. C-3 General Commercial allows a broad range of commercial uses, including retail, accommodations and food service, healthcare and social assistance, entertainment and recreation, construction, wholesale trade, manufacturing and other allowable uses. C-3 also includes allowable C-1 and C-2 uses. Within the Beaches Special Treatment Zone, allowable C-1 uses include residential uses under the R-1, R-2, R-3, R-4, R-5 and R-5A classifications, subject to applicable regulations and restrictions. Residential density within the Beaches Special Treatment Zone is subject to a maximum of 15 dwelling units per acre. With General Commercial future land use, C-3 General Commercial zoning and residential development potential through the Beaches Special Treatment Zone provisions, this property provides exceptional flexibility for a variety of potential development concepts. Conveniently located on Allison Avenue in Panama City Beach with access to the surrounding commercial, residential and tourism corridors. Buyer to independently verify zoning, allowable uses, density, utilities, development standards, permitting requirements and suitability for buyer's intended use with Bay County.

Highlights

Listed by Miranda L Barnes , 850-890-6013 Beachy Beach Real Estate , 850-532-6262. Bay County Association of REALTORS

Property Type

Vacant Land

Lot/Acreage
7.83

County

Bay

Area

03 - Bay County - Beach

Neighborhood

[No Recorded Subdiv]

Listing ID

793882

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:General Commercial
Principal Interest
$15,215
Taxes
$1,913

Home Price

$3,000,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$600,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,215.43

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,215.43 $1,912.50 $0.00 $17,127.93
Yearly $182,585.21 $22,950.00 $0.00 $205,535.21
Total $5,477,556.23 $688,500.00 $0.00 $6,166,056.23

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T09:45:57.000Z

© 2026 Bay County Association of REALTORS