This 44-acre property offers a prime investment opportunity in a rapidly developing area. Located just 4 miles south of the intersection of Interstate 10 and Highway 231, the main route to Panama City Beach, this land is strategically positioned for future growth. The property is fully permitted (300-400 lots) and already equipped with city water and sewer connections.
The City of Alford is in the final stages of a $13.9 million wastewater improvement project, which includes the construction of a new gravity sewer collection and transmission system. This significant infrastructure upgrade is expected to be completed in the coming months, paving the way for the development of this park.
Construction of the park is scheduled to begin soon, with an anticipated completion date of October 2025. Investors have the flexibility to purchase the property at any stage of the development process, allowing for various entry points and potential returns.
Situated just 42 miles from Panama City and its renowned Gulf Coast beaches, this property combines the advantages of a strategic inland location with proximity to popular coastal attractions. The development potential is further enhanced by the ongoing infrastructure improvements and the area's growing appeal to both residents and tourists.