About the property

The following property description was provided by a consulting group engaged by the seller; with the descriptive information largely based on the consultant's personal inspection of the property augmented by review of the pertinent public documents and discussions with local planning, zoning and public works officials. The property is located at the southeast corner of Minnesota Avenue and 26th Street within the city limits of Lynn Haven, Bay County, Florida 32444. The site comprises 19.05 +- acres, and provides frontage along the southerly side of 26th Street (approximately 1,289 feet) and the easterly side of Minnesota Avenue (approximately 557 feet). The subject site is generally level and at street grade. A variety of residential and commercial uses are found with the property's neighborhood. The transportation network within the property's neighborhood provides good access to and from residential and commercial districts located nearby, as well as other areas of Lynn Haven and the region. Nearby shopping includes Super Wal-Mart and Publix. Just a short distance away is the Panama City Mall, Target, Winn-Dixie, a variety of specialty retailers, and many restaurants and eateries (franchise and local). According to the Lynn Haven Development and Planning Department, the City will permit improvements in accordance with the land use as stated in the Comprehensive Plan submitted to the State of Florida. The property is situated within a Medium Density Residential land use area. The land use allows a maximum of ten units per acre. The 190 units (previously) planned for the property comply with this requirement. Based on conversations with representatives of the seller, the property will provide adequate parking spaces in conformity to the requirements for properties with the Medium Density Residential land use area. The following departments, companies and municipalities service the property. Water, sewer, police protection, fire protection City of Lynn Ha