2911 E 5th Court new Save Request In-Person Tour Request Virtual Tour
Panama City,FL 32401
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision No Recorded Subdivision
MLS Listing ID 989803
HOA Y/N No
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Vacant Land
Property Description
Prime investment opportunity: six cleared and buildable lots ready for immediate development. This 30,000-sqft parcel offers a 100-ft depth and an impressive 300-ft frontage, allowing six individual 50' x 100' lots. The property is already rezoned, and the city confirms no subdivision conversion is required--simply install a front culvert for drainage. With local homes recently selling around $255K and build costs for a 1,200-sqft home averaging $110K-$130K, each project offers strong equity and compelling ROI. Multiply that potential by six and the profit becomes undeniable. The land also supports alternative strategies, including three duplexes for long-term cash flow or resale. Don't miss this versatile, high-return opportunity.
Location
State FL
County Bay
Area 27 - Bay County
Zoning See Remarks
Exterior
Utilities Available Public Sewer
Schools
Elementary Schools Cedar Grove
Others
Financing Bond Money Available,Conventional,FHA,VA