2911 E 5th Ct, Panama City, FL 32401
- $264,000
- List Price
- $264,000
- Price Change
- ▼ $1,000 1782775581
- MLS#
- 989803
- Status
- ACTIVE
- Type
- Land
- Subtype
- Unimproved Land
- Lot Size
- 30,056
- Neighborhood
- Bay - Central SE
Property Description
Prime investment opportunity: six cleared and buildable lots ready for immediate development. This 30,000-sqft parcel offers a 100-ft depth and an impressive 300-ft frontage, allowing six individual 50' x 100' lots. The property is already rezoned, and the city confirms no subdivision conversion is required—simply install a front culvert for drainage. With local homes recently selling around $255K and build costs for a 1,200-sqft home averaging $110K-$130K, each project offers strong equity and compelling ROI. Multiply that potential by six and the profit becomes undeniable. The land also supports alternative strategies, including three duplexes for long-term cash flow or resale. Don't miss this versatile, high-return opportunity.
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Additional Information
- Acres
- 0.69
- Elementary School
- Cedar Grove
- High School
- Rutherford
- Legal Description
- 11 4S 14W -271- BEG 80' S OF NW COR OF SE1/4 OF NW1/4 OF NW1/4 FOR POB TH S 100' E 300' N 100' W 300' TO POB ORB 3517 P 848
- Neighborhood
- Bay - Central SE
- Subdivision
- No Recorded Subdivision
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Listing courtesy of Salty Marlin Realty.
Vendor Member Number : 28166