2911 E 5th Court, Panama City, FL 32401
View property features, location on map, relevant school information and overview from seller's agent.
- 2
- 0
Overview
Prime Investment Opportunity: Six Buildable Lots that's already CLEARED!!
Unlock the potential of this amazing 30,000 sqft (0.68-acre) parcel, perfectly positioned for immediate development!
The lot is a 100ft deep and has an impressive 300ft frontage, making it an ideal site for six (6) individual 50' x 100' buildable lots. The best part is the lot is already re-zoned and per the city you don't have to convert it to subdivision, which has the potential of you just putting in a culvert in the front for drainage. A win-win situation!!
The best part about this opportunity is the ROI, the average homes in that area sold in the past few months were about 255k. The average cost to build a 1200sqft house is 110k-130k. That leaves a lot of equity built into each home!! Now, do the math and times that by 6! Wouldn't you say that's worth it?
Also, because the property has exceptional versatility, another option could be to build 3-Duplex units and cash flow or resell. ''The world i
Location
Full feature list
Basic info
- Property type
- Land
- Lot size (acres)
- 0.69
Utilities
- Sewer
- Public sewer
Taxes
- Tax Annual Amount (2024)
- $1,097
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Central Panhandle Association of REALTORS MLS®#: 781653
