The 7.09-acre parcel at 9129 N Lagoon Dr in Panama City, FL presents an exciting canvas for development, given its prime location and zoning for Commercial High Intensity. Here are several potential development opportunities for this property: 1. Hotel or Resort: With its close proximity to the beach and expansive frontage, the land is ideal for a luxurious hotel or resort. A development here could cater to tourists seeking close beachfront accommodations, offering amenities like pools, restaurants, and direct access to recreational activities. 2. Multifamily Residential: Given the demand for housing in popular tourist destinations, the property could be developed into multifamily residential units. This could range from upscale condominiums to rental apartments, catering to both long-term residents and seasonal visitors. 3. Mixed-Use Development: Combining residential, commercial, and recreational elements, a mixed-use development could maximize the land's potential. This could include retail spaces, dining options, entertainment venues, and residential units, creating a vibrant community hub. 4. Commercial Complex: Utilizing its Commercial High Intensity zoning, the property could support a variety of commercial ventures such as shopping centers, entertainment complexes, or office spaces. This would capitalize on its strategic location and visibility. 5.With its location in the Tourist District and proximity to amenities like golf courses and beaches, the property could be developed into an entertainment and recreation center. This could include indoor and outdoor recreational facilities, themed attractions, and event spaces. Each of these development options leverages the property's prime location, zoning advantages, and proximity to existing amenities to create a compelling investment opportunity in Panama City Beach. The versatility of the site allows for tailored development that meets market demand while enhancing the local tourism and residential landscape.