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Panama City,FL 32404
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision No Named Subdivision
MLS Listing ID 757852
Annual Tax Amount $976
Tax Year 2023
Lot Size 23.440 Acres
Property 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.
Location
State FL
County Bay
Area 02 - Bay County - Central
Exterior
Utilities Available Electricity Available,Sewer Available,Water Available
Waterfront No
Building
Lot Description Acreage
Schools
Elementary Schools Cedar Grove
Middle Schools Merritt Brown
High Schools Bay
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Listed As-Is