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2911 E 5th Court, Panama City, FL 32401

$265,000
  • 2911 E 5th Court, Panama City, FL 32401 Main Photo

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Active
LOT SIZE 0.690 acres MLS#781653
STATUSActive PROPERTY TYPELand - Lot/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.

2911 E 5th Court | MLS# 781653

This land located at 2911 E 5th Court, Panama City, FL 32401 is currently listed for sale with an asking price of $265,000. The property has approximately 0.69 Acres. Search Panama City real estate on www.premierfl.com today.

Property Features

Property Type: Land - Lot/Land
Lot Size: 0.69 Acres
Taxes: $1,097

Feature Descriptions

Days on Site: 203
Lot Dimensions: 300*100
Parcel#: 23280-000-000
Sewer: Public Sewer
Utilities: Sewer Available

Local Schools

High School: Rutherford
Middle School: Rutherford
Elementary School: Cedar Grove

Listed By / Shown By

Listed By

Agency Name: Salty Marlin Realty LLC

Shown By

Agency Title: Premier Property Group
Agency Phone: 850-337-1555

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Estimated Payment

$ 758.48 per month $589.78 Principal & Interest $91.42 Property Tax $77.29 Homeowner's Insurance

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