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$780,000
Est. payment /mo
5.11 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID A11837641
HOA Y/N No
Annual Tax Amount $6,650
Tax Year 2024
Lot Size 5.110 Acres
Acres 5.11
Lot Dimensions 450x495
Property Sub-Type Multi Family
Property Description
Exceptional development opportunity in Panama City, Florida! This 5.11-acre MU-2 zoned property offers the potential to build up to 51 multifamily units by right, with additional density possible under Florida's Live Local Act.
The site features paved road frontage on W 12th Street, utilities nearby, and close proximity to W 15th Street, the area's main commercial corridor with shopping, schools, and public transportation.
Environmental and geotechnical studies are complete, showing no recognized environmental concerns. Existing natural pond and wetlands delineated for future planning.
Please contact the listing agent for full Offering Memorandum, survey, Phase I ESA, and other due diligence files.
The site features paved road frontage on W 12th Street, utilities nearby, and close proximity to W 15th Street, the area's main commercial corridor with shopping, schools, and public transportation.
Environmental and geotechnical studies are complete, showing no recognized environmental concerns. Existing natural pond and wetlands delineated for future planning.
Please contact the listing agent for full Offering Memorandum, survey, Phase I ESA, and other due diligence files.
Location
State FL
County Bay
Area 5940 Florida Other
Exterior
Utilities Available None, Other, Sewer Not Available
Street Surface Paved
Private Pool Yes
Building
Lot Description 5-10 Acres
Sewer None, Other
Water Lake, Public, Other
Others
Tax ID 18663-000-000
Ownership Corporation
Acceptable Financing Cash, Conventional, Investor Financing
Listing Terms Cash, Conventional, Investor Financing
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11837641
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Listed by United Realty Group Inc