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2911 5th Court
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PRICED AT ONLY: $299,000

Address: 2911 5th Court, Panama City, FL 32401

Description

Prime Investment Opportunity: Six Buildable Lots that's already CLEARED!! Unlock the potential of this amazing 30,000 sqft (0.68 acre) parcel, perfectly positioned for immediate development! The lot is a 100ft deep and has an impressive 300ft frontage, making it an ideal site for six (6) individual 50' x 100' buildable lots. The best part is the lot is already re zoned and per the city you don't have to convert it to subdivision, which has the potential of you just putting in a culvert in the front for drainage. A win win situation!! The best part about this opportunity is the ROI, the average homes in that area sold in the past few months were about 255k. The average cost to build a 1200sqft house is 110k 130k. That leaves a lot of equity built into each home!! Now, do the math and times that by 6! Wouldn't you say that's worth it? Also, because the property has exceptional versatility, another option could be to build 3 Duplex units and cash flow or resell. ''The world is your oyster'' on this one. Don't miss your chance to secure a strategic cash flow opportunity.
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  • MLS#: 781653 ( Land )
  • Street Address: 2911 5th Court
  • Viewed: 47
  • Price: $299,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 63
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Rutherford
  • Middle School: Rutherford
  • School Elementary: Cedar Grove
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Sewer: PublicSewer
  • Utilities: SewerAvailable
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: 2024
  • Trash Expense: 0.00
Other Features
  • Legal Description: 11 4S 14W -271- BEG 80' S OF NW COR OF SE1/4 OF NW1/4 OF NW1/4 FOR POB TH S 100' E 300' N 100' W 300' TO POB ORB 3517 P 848
  • Area Major: 02 - Bay County - Central
  • Parcel Number: 23280-000-000
  • The Range: 0.00
  • Views: 47

Contact Info

  1. Broker IDX Sites Inc.
  2. A Winning Team
Broker IDX Billing System