$265,000
Panama City, FL 32401
MLS# 781653
1 / 7
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.
Details
Maps
Contract Info
List Price/Acre: 384057.97
Status: Active
List Date: 2025-11-14
List Price: $265,000
Current Price: $265,000
Location
Sub Area: 0204 - Bay - Central NW
Community/Resort: None
Waterfront: No
Elementary School: Cedar Grove
Middle School: Rutherford
High School: Rutherford
Directions: To reach 2911 E 5th Court, Panama City, FL 32401, from downtown Panama City near the Bay County Courthouse, head east on E 23rd Street toward N Watterson Avenue, continue on E 23rd Street until you reach the Millville neighborhood, then turn right onto E 5th Court and continue until you arrive at the property on the right.
Street #: 2911
Street Direction: E
Street Name: 5th
Street Suffix: Court
Area: 02 - Bay County - Central
State: FL
Zip Code: 32401
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 23280-000-000
Legal Description: 11 4S 14W -271- BEG 80' S OF NW COR OF SE1/4 OF NW1/4 OF NW1/4 FOR POB TH S 100' E 300' N 100' W 300' TO POB ORB 3517 P 848
General Property Info
Acreage: 0.69
Lot Size (SqFt): 30056
Lot Dimensions: 300*100
Sub-Type: Vacant Land
Listing Info, Tax & Legal
HOA Fee: No
Last Taxes: 1097
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 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.
Utilities
Public Sewer - Connected: 1
Other - See Remarks: 1
Property Features
Utilities: Public Sewer - Connected; Other - See Remarks
Listing Office: Salty Marlin Realty LLC
Last Updated: May - 26 - 2026
Information deemed reliable but not guaranteed.