Callaway Development Site

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.