Panama City, FL 320401 W 12th St
$780,000
0 more
Presented By: This listing is courtesy of United Realty Group Inc;
Home Details
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.
Presented By: This listing is courtesy of United Realty Group Inc;
Interior Features for W 12th St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for W 12th St
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityPanama City
CountyBay
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal Description6 4S 14W -11- SE1/4 OF NE1/4 LESS PLATTED PORT.& PCLS ORB 4601 P 546
Listing TermsCash, Conventional, InvestorFinancing
Lot Size Square Feet222592.0
Lot Size UnitsSquareFeet
MLS Area5940 Florida Other
MLS Area MinorOther Geographic Area (Out Of Area Only)
MobileHomeRemainsYNNo
New ConstructionNo
OwnershipCorporation
PossessionClosingAndFunding, CloseOfEscrow
PostalCityPanama City
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerNone, Other
Showing InstructionsCall Listing Agent, See Broker Remarks
Standard StatusActive
StatusActive
Tax Annual Amount6650.0
Tax Year2024
UtilitiesNone, Other, SewerNotAvailable
Virtual TourClick here
Zoning DescriptionMU-2
Exterior for W 12th St
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions450x495
Lot FeaturesFiveToTenAcres
Lot Size Acres5.11
Lot Size Area222592.0
Private PoolNo
Road ResponsibilityPublicMaintainedRoad
Road Surface TypePaved
SpaNo
Water SourceLake, Public, Other
Waterfront Y/NNo
Additional Details
Price History
Maria Zeila Juarez
Realtor®
