W 12th Street, Panama City, FL
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.
General Features
- Property Type
- Land
- Sub-type
- HotelMotel
- Zoning
- MU-2
- Utilities
- None,Other,SewerAvailable,SewerNotAvailable
Interior Features
Exterior Features
- Lot Features
- FiveToTenAcres,CentralBusinessDistrict,CityLot
- Waterfront
- No
Community Features
- Community Features
- NearSchools
- MLS Area
- 5940 - Other Florida County
Schools
Map
Virtual Tour
View Virtual TourMLS# 1155881015 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
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Estimate Your Payment
20% down · Loan: $624,000
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.