2911 E 5th CT Panama City, FL 32401
UPDATED:
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
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 six (6) individual 50' x 100' buildable lots. The best part is the lot is already re-zoned and per the city you don't have to convert it to subdivision, which has the potential of you just putting in a culvert in the front for drainage. A win-win situation!!
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 6! 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
NEARBY SCHOOL & BUSINESS
- 6
Merriam Cherry Street Elementary School
Public | PK - 5
- 4
Parker Elementary School
Public | PK - 5
- 1
Springfield Elementary School
Public | PK - 5
- 1
Oscar Patterson Elementary Magnet
Public | PK - 5
- 1
Cedar Grove Elementary School
Public | PK - 5
- 0
Holy Nativity Episcopal School
Private | PK - 8
- 0
Margaret K. Lewis in Millville
Public | PK - 12
- 0
Kaleidoscope School of Discovery
Private | 1 - 12
- 2
Everitt Middle School
Public | 6 - 8
- 0
Panama City Marine Institute
Private | 6 - 12
- 0
Panama City Marine Institute
Public | 6 - 12
- 0
C C Washington Academy
Public | 6 - 8
- 0
Rosenwald High School
Public | 8 - 12
- 5
Bay High School
Public | 9 - 12
- 4
Rutherford High School
Public | 9 - 12
- 0
Chautauqua Charter School
Public | 9 - 12
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