• Multifamily Development Site - 1920 Orlando Rd, Panama City, FL 32405

For Sale

Office
Land

For Sale

This property is available for sale
27.25
Acres
$1,750,000
Sale Price
  • Overview

    Located between Baldwin Road and Highway 231, just north of the Panama City Mall. This 27.5 acre development site holds a Bay County Light Multifamily Zoning within the Urban Service area which permits up to twenty-five dwelling units per acre. With multiple access points and an excellent location central to jobs, restaurants, and the population center, this is a sure-bet development site. The 1.5± acre manmade pond provides picturesque views and may be reshaped for project retention. Preliminary conceptual plans and wetlands studies estimate the parcel may be developed into roughly 280 multifamily units or downzoned to enable single family development. Seller intends to re-parcel and hold the southeasternmost 5 acres (not included in presented figures). Property is Primarily FEMA Zone A.

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Property Details

Located between Baldwin Road and Highway 231, just north of the Panama City Mall. This 27.5 acre development site holds a Bay County Light Multifamily Zoning within the Urban Service area which permits up to twenty-five dwelling units per acre. With multiple access points and an excellent location central to jobs, restaurants, and the population center, this is a sure-bet development site. The 1.5± acre manmade pond provides picturesque views and may be reshaped for project retention. Preliminary conceptual plans and wetlands studies estimate the parcel may be developed into roughly 280 multifamily units or downzoned to enable single family development. Seller intends to re-parcel and hold the southeasternmost 5 acres (not included in presented figures). Property is Primarily FEMA Zone A.

  • Property Type
    Office, Land
  • Sale Price
    $1,750,000
  • Total Acres
    27.25
  • Sale Status
    Available
  • Last updated
    Dec 21, 2021
  • Property ID
    1696877

Landlord's Sales Representative

  • Christopher G. Clubbs