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W 12th St
Listing Details
- $780,000
- MLS# A11989551
- Type Land - Lot/Land
- Status Active
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 buyers verification).Additionally, the property may qualify for increased density under Floridas 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... Read more
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All Property Features
- Property Type: Land - Lot/Land
- Crops Included Y/N: No
- Days on Site: 89
- Home Warranty Y/N: No
- Lease Considered Y/N: No
- Lot Description: Central Business District, City Location, Near School, Urban Area Development,5 To Less Than 10 Acre Lot
- Lot Dimensions: 450x495
- Lot Size: 5.11 Acres
- Ownership: Corporation
- Parcel#: 18663-000-000
- Property Attached Y/N: No
- Property Sub-Type: Income/MultiFamily
- Sewer: None, Other
- Taxes: $6,650
- Utilities: No Utilities, Other Utilities Available, None, Other
- Water: Laked Drain, Municipal Water, Other