$780,00071 days on marketActive

W 12th Street, Panama City, FL

Panama City, FL

Sq Ft

5.11 acres

Lot Size

Listing Snapshot

List Price	$780,000
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	5.11 acres

Property Tax	$6,650/yr
MLS #	1155881015
Status	Active
Days on Market	71

About This Home

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.