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9
See all 9 photos
$299,000
Est. payment /mo
0.69 Acres Lot
New
2911 E 5th Court Panama City, FL 32401
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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
Listed by Salty Marlin Realty
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