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$ 265,000
Est. payment | /mo
108,900 SqFt
$ 265,000
Est. payment | /mo
108,900 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 108,900 sqft
Price per Sqft $2
MLS Listing ID 1002849
Lot Size 2.500 Acres
Acres 2.5
Source Emerald Coast Association of REALTORS®
Property Description
HUGE INVESTMENT POTENTIAL!!
Positioned in a prime location in the heart of Panama City, this exceptional 2.5-acre corner parcel offers unlimited potential for developers, investors, and business owners alike.
Zoned Mix Use 3, the property is ideally suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating incredible possibilities for apartments, townhomes, mixed-use concepts, or a live/work community.
Extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and wetland survey--saving valuable time and expense for future development.
With its highly visible corner location, strong development flexibility, and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is perfectly positioned for growth and long-term value. Whether you are looking to develop multifamily housing, professional office space, educational facilities, or a mixed-use investment project, this property presents a rare opportunity in one of the area's most desirable and rapidly growing locations.
All measurements and items of importance are to be confirmed by buyer or buyer agent.
Positioned in a prime location in the heart of Panama City, this exceptional 2.5-acre corner parcel offers unlimited potential for developers, investors, and business owners alike.
Zoned Mix Use 3, the property is ideally suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating incredible possibilities for apartments, townhomes, mixed-use concepts, or a live/work community.
Extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and wetland survey--saving valuable time and expense for future development.
With its highly visible corner location, strong development flexibility, and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is perfectly positioned for growth and long-term value. Whether you are looking to develop multifamily housing, professional office space, educational facilities, or a mixed-use investment project, this property presents a rare opportunity in one of the area's most desirable and rapidly growing locations.
All measurements and items of importance are to be confirmed by buyer or buyer agent.
Location
State FL
County Bay
Area 27 - Bay County
Direction Traveling on MLK Blvd., East on E. 11th St. the lot will be on your right on the corner of Mercedes Ave. and E. 11th St.
Exterior
Garage No
Building
Faces Traveling on MLK Blvd., East on E. 11th St. the lot will be on your right on the corner of Mercedes Ave. and E. 11th St.
Others
Pets Allowed No
Tax ID 16536-000-000
Listed by Patrick D Pate Beach Haven Realty LLC
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