$2,995,000
Panama City, FL 32405
MLS# 696266
Status: Sold
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Property Description
15 acre site located at the North-end of Frankford Avenue in Panama City, between Sweet Bay to the east and the established neighborhoods of Kings Point and Kings Harbor across Robinson Bayou. The property was recently re-zoned to MIxed-Use 3 (MU3), which allows up to 20 units per acre (#300 units) within the City of Panama City. The conceptual site plans attached include 150 unit townhome developments. The site is located across the street from Phase 2 and 3, and future marina, of the Sweet Bay community and University Academy, a top ranking K-8 free public charter school. Recent area announcements include a new Suzuki Marine Technical Center to be built at the north-end of Frankford Avenue on St. Andrew Bay as well as within Sweet Bay an 11 acre marina and commercial town center
Details
Maps
Contract Info
List Price/Acre: 199666.67
Named Exception: No
List Date: 2020-03-30
List Price: $2,995,000
Current Price: $2,995,000
Sub-Type: Land/Acres
Location, Tax & Legal
Sub Area: 0204 - Bay - Central NW
Business Name: 15 Ac-North End Frankford Ave
Community/Resort: None
Waterfront: No
Section: 24
Township: 3S
Range: 15W
Elementary School: Northside
Middle School: Jinks
High School: Bay
Directions: From the intersection of Highway 390 and Frankford Avenue, travel north on Frankford Avenue +/- 1.25 miles. The 15 acre property is located on the West side of Frankford Avenue. The property also fronts Calhoun Avenue and Pacifica Lane. See attached photos, aerial photos and survey.
HOA Fee: No
Street #: 3500
Street Name: Frankford
Street Suffix: Avenue
State: FL
Zip Code: 32405
County: Bay
Area: 02 - Bay County - Central
Subdivision: [No Recorded Subdiv]
Parcel ID: 26656-035-000
Legal Description: #2 parcels. Abbreviated legal descriptions:
Parcel I.D. 26656-018-000: 24 3S 15W -1.18- 78D COM AT THE SE COR OF SEC TH N 2499.09' W 31.02' W 266.83' FOR POB N 499.96' NW 275.77' W 307.01' TO THE E R/W OF CALHOUN AVE TH SLY & ELY 105.38' S 560.76' ALG CURVE 223.80'N 14.90' TO POB ORB 3162 P 2093 /AND/ Parcel I.D. 26656-035-000: 24 3S 15W -1.19- 78D COM AT SE COR OF SEC TH N 2499.09' W 297.85'
General Property Info
Site Dimensions: Irregular
Acreage: 15
Lot Size (SqFt): 653400
Is Subject Leased: No
Remarks & Misc
Remarks: 15 acre site located at the North-end of Frankford Avenue in Panama City, between Sweet Bay to the east and the established neighborhoods of Kings Point and Kings Harbor across Robinson Bayou. The property was recently re-zoned to MIxed-Use 3 (MU3), which allows up to 20 units per acre (#300 units) within the City of Panama City. The conceptual site plans attached include 150 unit townhome developments. The site is located across the street from Phase 2 and 3, and future marina, of the Sweet Bay community and University Academy, a top ranking K-8 free public charter school. Recent area announcements include a new Suzuki Marine Technical Center to be built at the north-end of Frankford Avenue on St. Andrew Bay as well as within Sweet Bay an 11 acre marina and commercial town center
Status Change Info
Sold Price/Acre: 199666.67
Status: Sold
Under Contract Date: 2021-05-19
Sold Date: 2022-08-11
Sold Price: $2,995,000
Financing
Cash: 1
Conventional: 1
Seller Financing: 1
Lot Features
Aerials/Topo Available: 1
Corner Lot: 1
Survey Available: 1
Will Divide: 1
Lot/Parcel Access
City Road: 1
Paved Road: 1
Present Zoning
City: 1
Commercial: 1
Multi-Family: 1
Resid Multi-Family: 1
Other - See Remarks: 1
Utilities
All Utilities: 1
TV Cable: 1
Electricity - Connected: 1
Electric-3-Phase: 1
Phone - Connected: 1
Public Sewer - Connected: 1
Sewer Available: 1
Water Connected: 1
Other - See Remarks: 1
Waterview
Bay: 1
Bayou: 1
Sale Type
As Is: 1
TransportationAccess
2 - Lane: 1
Paved: 1
Property Features
TransportationAccess: 2 - Lane; Paved
Financing: Cash; Conventional; Seller Financing
Lot Features: Aerials/Topo Available; Corner Lot; Survey Available; Will Divide
Sale Type: As Is
Utilities: All Utilities; Electricity - Connected; Electric-3-Phase; Phone - Connected; Public Sewer - Connected; Water Connected; Sewer Available; TV Cable; Other - See Remarks
Present Zoning: Commercial; Multi-Family; Resid Multi-Family; Other - See Remarks
Waterview: Bay; Bayou
Listing Office: Counts Real Estate Group Inc
Last Updated: October - 08 - 2024
Information deemed reliable but not guaranteed.