Callaway Development Site

For Sale

6822 Hwy 22, Panama City, FL 32404

This Panama City property for sale is located at 6822 Hwy 22. The current listed sale price for Callaway Development Site is $1,300,000. Callaway Development Site is situated on a lot that is 3.53 acre in size.

Contacts

broker
Luke Sauls

Sauls Commercial Real Estate

Property Details

  • Property Type VacantLand
  • Lot Size 3.53 Acre
  • Date Updated Mar 21, 2025
The 7-mile radius surrounding the Callaway Development Site is a rapidly expanding commercial hub, driven by strong economic growth, military investment, and increasing consumer demand**. Anchored by Tyndall Air Force Base’s $5 billion rebuild, the area is attracting thousands of new residents, military personnel, and defense contractors, creating a surge in **housing, retail, and storage needs. Significant **multifamily and single-family developments** are underway, including **400+ apartment units and 550 military homes**, accommodating a **fast-growing population**. The area features **major national retailers like Walmart**, ensuring **consistent consumer traffic exceeding 40,000 vehicles per day**. The local **median household income is rising**, and **job growth is outpacing national averages**, making this an ideal location for **commercial expansion**. Additionally, **high demand and limited supply of climate-controlled storage units** present a **prime investment opportunity** in a **market with strong rental rates and increasing occupancy**. With **approved site plans, shovel-ready infrastructure, and a strategic location along a key commercial corridor**, this site offers **exceptional long-term value and strong return potential** for developers and investors.Located in Panama City, FL, the Callaway Development Site sits at a high-traffic signalized intersection on Highway 22, just six miles from Tyndall Air Force Base, which is undergoing a $5 billion rebuild. The area is experiencing rapid population and economic growth, with new military housing, multifamily developments, and commercial expansion. Zoned C-3 commercial, the site is pre-approved for up to 263,808 SF self-storage facility and exempt from Callaway’s storage moratorium. With limited climate-controlled storage competition, infrastructure ready, and major roadway expansion plans, this shovel-ready project offers strong long-term investment potential in a booming market.
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Highlights

  • Prime Location at a Signalized Intersection – Positioned at a highly visible corner along Highway 22, ensuring excellent accessibility and exposure.
  • Limited Competition in Climate-Controlled Storage – The market analysis shows a significant supply gap for climate-controlled storage in the area, presenting an excellent investment opportunity.

Getting around

  • 27/100

    Walk Score ®

  • 35/100

    Bike Score ®

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Location

  • City Panama City, FL
  • Neighborhood Callaway
  • Zip Code 32404
  • Market Pensacola

Points of Interest

  • Murphy Express

    1.03 miles

  • CEFCO

    1.09 miles

  • Chevron

    1.13 miles

  • Murphy USA

    1.29 miles

  • Shell

    1.49 miles

  • Texaco

    1.58 miles

  • Exxon

    1.64 miles

  • Marathon

    1.65 miles

  • VP Racing Fuels

    2.56 miles

  • Harvey De Mathis Park parking

    6.91 miles

  • Holiday Inn Express & Suites Panama City-Tyndall

    0.97 miles

  • Comfort Suites

    1.02 miles

  • Days Inn

    1.11 miles

  • Microtel Inn & Suites by Wyndham Panama City

    4.82 miles

  • La Quinta Inn & Suites

    4.83 miles

  • Hampton Inn & Suites

    4.83 miles

  • Hilton Garden Inn

    4.87 miles

  • Quality Inn

    4.90 miles

  • Courtyard Panama City

    5.03 miles

  • Star Motel

    5.22 miles

  • Dollar General Market

    0.57 miles

  • Grocery Outlet

    1.15 miles

  • Big Lots

    1.17 miles

  • ALDI

    1.27 miles

  • Winn-Dixie

    1.28 miles

  • Walmart Supercenter

    1.34 miles

  • Asian Oriental International Market

    3.28 miles

  • JCPenney

    4.98 miles

  • Panama City Mall

    5.05 miles

  • Dillard's

    5.11 miles

In-Depth Research Available for this Property

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Contact Listing Broker
broker
Luke Sauls

Sauls Commercial Real Estate

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