LOT SIZE 0.690 acres
MLS#989803
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONNO RECORDED SUBDIVISION
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.
Property Features
Property Type: Land - Residential
Lot Size: 0.69 Acres
Feature Descriptions
Days on Site: 200
Financing Terms: Bond Money Available, Conventional, FHA, VA
Lot Dimensions: 300*100
Parcel Number: 23280-000-000
Sewer: Public Sewer
Sub Type: Vacant Land
Local Schools
High School: Rutherford
Middle School: Rutherford ( Middle )
Elementary School: Cedar Grove
Listed By / Shown By
Listed By
Agency Name: Salty Marlin Realty
Shown By
Agency Title: Premier Property Group
Agency Phone: 850-337-1555
Estimate Your Payment
Estimated Payment
$ 667.07 per month $589.78 Principal & Interest $0.00 Property Tax (data not provided by mls) $77.29 Homeowner's Insurance
2911 E 5th Court | MLS# 989803
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.