333 N Star Avenue, Panama City, FL 32404

$600,000

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List Price
$600,000
MLS#
790972
Status
ACTIVE
Type
Multifamily
Subtype
Multi Family
Lot Size
113,691
Neighborhood
Bay - Central SE

Property Description

Residential Mobile Home Park / Development Opportunity! Cleared 2.61-acre property on N Star Ave with excellent development potential. Per county information, the property may accommodate up to 32 single-family dwellings, subject to applicable approvals and development order, with city water and sewer connections estimated at approximately $40,000. The sale includes both 333 N Star Ave and 401 N Star Ave, consisting of two parcels totaling 2.61 acres. The property currently features two brand-new Fleetwood mobile homes, along with a new well, septic system, and power poles. One home is a 3-bedroom, 2-bathroom, 1,040-square-foot Fleetwood single-wide, and the other is a 4-bedroom, 2-bathroom, 2,128-square-foot Fleetwood double-wide. The two homes alone represent approximately $300,000 in cost. Conveniently located directly behind Callaway Elementary School and just minutes from restaurants, shopping, and everyday amenities. Whether you're looking to establish an income-producing residential portfolio or capitalize on future development potential, this property offers a unique opportunity. Buyer to verify all zoning, development, utility, and permitting information with the appropriate county and municipal authorities.

Additional Information

Acres
2.61
Elementary School
Callaway
High School
Rutherford
Lot Features
Cleared
Middle School
Everitt
Neighborhood
Bay - Central SE
Subdivision
[No Recorded Subdiv]
Utilities
Sewer Available
Year Built
2024
Zoning
County, Resid Multi-Family, Mobile Home

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty.