W 12th St, Panama City, FL 320401
W 12th St, Panama City, FL 320401
W 12th St, Panama City, FL 320401
5
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$780,000
Est. payment /mo
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5.11 Acres Lot
Active

W 12th St Panama City, FL 320401

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Sammy Hernandez

Sammy Hernandez

+1(786) 203-8671

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Key Details

Property Type Vacant Land

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID A11989551

HOA Y/N No

Annual Tax Amount $6,650

Tax Year 2025

Lot Size 5.110 Acres

Acres 5.11

Lot Dimensions 450x495

Property Sub-Type Multi Family

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 buyer's verification).

Additionally, the property may qualify for increased density under Florida's 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.

Location

State FL

County Bay

Area 5940 Florida Other

Exterior

Utilities Available None, Other, Sewer Not Available

Street Surface Paved

Private Pool Yes

Building

Lot Description 5-10 Acres

Sewer None, Other

Water Lake, Public, Other

Others

Tax ID 18663-000-000

Ownership Corporation

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11989551

Miami Association of Realtors (SEFMIAMI MLS)
Listed by United Realty Group Inc

NEARBY SCHOOL & BUSINESS

Sammy Hernandez

+1(786) 203-8671

sammysellsmiami@gmail.com

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