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$ 260,000
Est. payment /mo
Pending
1014 Mercedes AVE Panama City, FL 32401
2.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Subdivision No Named Subdivision
MLS Listing ID 789657
HOA Y/N No
Lot Size 2.500 Acres
Acres 2.5
Property Sub-Type Commercial
Property Description
''CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS''
HUGE INVESTMENT POTENTIAL!!
Positioned in a prime location in the heart of Panama City, this exceptional 2.5-acre corner parcel offers unlimited potential for developers, investors, and business owners alike. Located in an opportunity zone.
Zoned Mix Use 3, the property is ideally suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating incredible possibilities for apartments, townhomes, mixed-use concepts, or a live/work community.
Extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and wetland survey--saving valuable time and expense for future development.
With its highly visible corner location, strong development flexibility, and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is perfectly positioned for growth and long-term value. Whether you are looking to develop multifamily housing, professional office space, educational facilities, or a mixed-use investment project, this property presents a rare opportunity in one of the area's most desirable and rapidly growing locations.
All measurements and items of importance are to be confirmed by buyer or buyer agent.
HUGE INVESTMENT POTENTIAL!!
Positioned in a prime location in the heart of Panama City, this exceptional 2.5-acre corner parcel offers unlimited potential for developers, investors, and business owners alike. Located in an opportunity zone.
Zoned Mix Use 3, the property is ideally suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating incredible possibilities for apartments, townhomes, mixed-use concepts, or a live/work community.
Extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and wetland survey--saving valuable time and expense for future development.
With its highly visible corner location, strong development flexibility, and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is perfectly positioned for growth and long-term value. Whether you are looking to develop multifamily housing, professional office space, educational facilities, or a mixed-use investment project, this property presents a rare opportunity in one of the area's most desirable and rapidly growing locations.
All measurements and items of importance are to be confirmed by buyer or buyer agent.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Exterior
Utilities Available Sewer Available
Private Pool No
Others
Tax ID 16536-000-000
Special Listing Condition Listed As-Is
Listed by Beach Haven Realty
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