SEARS - Seritage Growth Properties

Posted by City of Panama City, FL

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Development Site

Development Opportunity

Size

1.76 acres

Ownership

Privately Owned

Availability

For Sale

Site Description

This opportunity involves the subdivision of the Sears store in the Panama City Mall into two retail locations.  Sears will retain one of the spaces but will lease at lease 65,059 SF for retail purposes.  There is also three suites being proposed from the Sears Auto Center - roughly 6,500 SF each. Seritage has also indicated that there may also be an opportunity for an outparcel along Highway 77 or Dr. Martin Luther King, Jr. Boulevard that can serve as a restaurant or hotel site.

Documents

    No documents available at this time.

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Master Plan/Specific Plan

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Zoning Designation

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Height Limits

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Floor to Area Ratio (FAR)

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Dwelling Units per Acre

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Parking Requirement

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Other Requirement

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Project Readiness

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Other Incentives

The City is recptive to a rebate of the Annual 1% Merchant License Fees to a developer who is bringing in a substantial retail client who generates significant sales.

Costs

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Fee Schedule

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Private Investment

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733 Hwy , Panama City, FL 32405

14.24 acres (620475.02 sqft)
Owner
SERITAGE SRC FINANCE LLC
3333 BEVERLY RD, HOFFMAN ESTATES IL 60179
Details
APN: 14405-040-000
For Sale

Contact Mike Lane

Mike, from City of Panama City, FL, has more details.

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Created on January 18th, 2018 (last updated 4 months ago)