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PRICED AT ONLY: $700,000

Address: Address Not Provided

Description

Prime Development Opportunity in Panama City, FLDiscover a unique investment opportunity with this expansive 22+ acre parcel of R 5 zoned land, perfect for a variety of multi family developments. Nestled in the heart of Panama City, this property includes an additional parcel (Parcel ID: 11902 000 000), offering even more potential for visionary developers and investors.The R 5 zoning allows for a wide range of multi family development options, including apartments, townhomes, and condominiums. Positioned near North Bay Haven Charter Academy, this property is perfect for families seeking proximity to quality education. Additionally, the nearby new Publix enhances the convenience and appeal of the area, making it a desirable place to live.With the growing demand for multi family housing in Panama City, this property offers substantial investment potential. The expansive acreage provides ample space for a large scale development, catering to the housing needs of a burgeoning population. Utilities are easily accessible, supporting large scale residential development.This 22+ acre property represents an exceptional opportunity to capitalize on the thriving real estate market in Panama City. Its strategic location, versatile zoning, and proximity to key amenities make it an ideal choice for developers and investors aiming to create a significant impact in the housing sector.

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More Like This
  • MLS#: 757852 ( Land )
  • Street Address: Address Not Provided
  • Viewed: 43
  • Price: $700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 208
  • Acreage: 23.44 acres

Description

Prime Development Opportunity in Panama City, FLDiscover a unique investment opportunity with this expansive 22+ acre parcel of R 5 zoned land, perfect for a variety of multi family developments. Nestled in the heart of Panama City, this property includes an additional parcel (Parcel ID: 11902 000 000), offering even more potential for visionary developers and investors.The R 5 zoning allows for a wide range of multi family development options, including apartments, townhomes, and condominiums. Positioned near North Bay Haven Charter Academy, this property is perfect for families seeking proximity to quality education. Additionally, the nearby new Publix enhances the convenience and appeal of the area, making it a desirable place to live.With the growing demand for multi family housing in Panama City, this property offers substantial investment potential. The expansive acreage provides ample space for a large scale development, catering to the housing needs of a burgeoning population. Utilities are easily accessible, supporting large scale residential development.This 22+ acre property represents an exceptional opportunity to capitalize on the thriving real estate market in Panama City. Its strategic location, versatile zoning, and proximity to key amenities make it an ideal choice for developers and investors aiming to create a significant impact in the housing sector.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Land Information
  • Lot Features: Acreage
School Information
  • High School: Bay
  • Middle School: Merritt Brown
  • School Elementary: Cedar Grove
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Road Frontage Type: CountyRoad
  • Utilities: ElectricityAvailable, SewerAvailable, WaterAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2023
  • Trash Expense: 0.00
Other Features
  • Legal Description: 24 3S 14W -11.1- 116D ST ANDREWS BAY DEV CO PLAT BEG AT THE SE COR OF LOT 60 & N R/W OF E STREET TH RUN W FOR 550.37' TH N 936.34' E 550.37' TH S 936.34' TO POB AKA PRCL B (SUB TO OVERHEAD GULF POWER EASEMENT ORB 3666 P 473) ORB 2554 P 1696 ORB 4360 P 1712
  • Area Major: 02 - Bay County - Central
  • Parcel Number: 11907-000-000
  • The Range: 0.00
  • Views: 43
Nearby Subdivisions
[no Recorded Subdiv]   Bayou George Estates   Bayou George Hts   Bayou Oaks Estates   Blackshear-cooper 1st Add   Bylsma Manor Estates   Callaway   Callaway Point   Cedar Branch   Cedar Park Ph I   Cedar Wood Estates Ph I   Coe   Deer Point Lake   East Bay Park   East Bay Plantation   East Bay Point   East Bay Preserve   East Bay Village   East Callaway Estates   Emerald Coast Yacht Club   Horne Memory Plat   Laird Bayou   Laird Point   Laird Point Ph 01   Laird Point Ph I   Lakewood Manor U-3   Lannie Rowe Lake Ests   Long Point 1st   N/a   No Named Subdivision   North Callaway Estates   Parker   Plantation Pt 1st Add   Rolling Hills   Sandy Creek & Country Club Pha   Sandy Creek Air Park   Sandy Creek Air Park Ph Ii   Sandy Creek Ranch And Country    Springfield   Springlake   St Andrews Bay Dev Cmp   St. Andrews Bay Dev. Co.   Sweetwater Ph 6   Sweetwater Village N Ph 2   Thousand Oaks   Timberwood   Waters Edge   Woodhurst Estates  
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