2911 E 5th CT, Panama City, FL 32401
2911 E 5th CT, Panama City, FL 32401
2911 E 5th CT, Panama City, FL 32401
2911 E 5th CT, Panama City, FL 32401
2911 E 5th CT, Panama City, FL 32401
2911 E 5th CT, Panama City, FL 32401
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$ 265,000
Est. payment | /mo

0.69 Acres Lot


Save
$ 265,000
Est. payment | /mo
Save

0.69 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision No Named Subdivision

MLS Listing ID 781653

HOA Y/N No

Annual Tax Amount $1,097

Tax Year 2024

Lot Size 0.690 Acres

Acres 0.69

Property Sub-Type Unimproved Land

Property Description

Prime Investment Opportunity: Seven 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 seven (7) individual 40' x 100' buildable lots. The best part is the lot is already zoned NEIGHBORHOOD RESIDENTIAL and per the city you could convert it to a minor subdivision, which doesn't take long!! Just $500 bucks to start the process and $50 per new addresses. That's a win-win situation for you!!

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 7! 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.

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Fireplace No

Exterior

Utilities Available Sewer Available

Private Pool No

Building

Sewer Public Sewer

Schools

Elementary Schools Cedar Grove

Middle Schools Rutherford

High Schools Rutherford

Others

Tax ID 23280-000-000

Listed by Salty Marlin Realty LLC

Nearby Locations

Nick Christmas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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2911 E 5th CT