JulieTedesco
LOT SIZE 5.110 acres
MLS#A11989551
STATUSActive
PROPERTY TYPELand - Lot/Land
Property Description
Prime development opportunity in Panama City. This parcel allows for residential development with current zoning supporting up to 10 units per acre, with a maximum potential of approximately 51 units (subject to buyers verification).Additionally, the property may qualify for increased density under Floridas Live Local Act, which can allow for significantly higher density when developing qualifying affordable or workforce housing projects, subject to local approvals and compliance requirements.The site may also be eligible for incentives under the Low-Income Housing Tax Credit (LIHTC) program, offering potential tax advantages for developers.Strategically located near key roads, employment centers, and growing residential demand, this property presents a compelling opportunity for builders and investors.Buyer to verify zoning, density, utilities, and eligibility for all incentives.
Property Features
Property Type: Land - Lot/Land
Lot Size: 5.11 Acres
Taxes: $6,650
Feature Descriptions
Crops Included Y/N: No
Days on Site: 28
Home Warranty Y/N: No
Lease Considered Y/N: No
Lot: Central Business District, City Location, Near School, Urban Area Development,5 To Less Than 10 Acre Lot
Lot Dimensions: 450x495
Ownership: Corporation
Parcel#: 18663-000-000
Property Attached Y/N: No
Property Sub-Type: Income/MultiFamily
Sewer: None, Other
Utilities: No Utilities, Other Utilities Available, None, Other
Water: Laked Drain, Municipal Water, Other
Listed By / Shown By
Listed By
Agency Name: United Realty Group Inc
Agency Phone: 954-450-2000
Shown By
Agent Name: Julie Tedesco
Agent Phone: Cell: (954) 592-7619
Agency Title: Realty 100
Estimate Your Payment
Estimated Payment
$ 2,517.61 per month $1,735.94 Principal & Interest $554.17 Property Tax $227.50 Homeowner's InsuranceChange Payment Information
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W 12th St | MLS# A11989551
This land located at W 12th St, Panama City, FL 32040 is currently listed for sale with an asking price of $780,000. The property has approximately 5.11 Acres. Search Panama City real estate on jtedesco.realty100.com today.