Unimproved Land in W 12th Street, Panama City, FL for sale with MLS# A11989551
Prime development opportunity in Panama City. This parcel allows for residential development with current zoning supporting up to 10 units per acre, with a maximum potential of approximately 51 units (subject to buyer's verification).Additionally, the property may qualify for increased density under Florida's Live Local Act, which can allow for significantly higher density when developing qualifying affordable or workforce housing projects, subject to local approvals and compliance requirements.The site may also be eligible for incentives under the Low-Income Housing Tax Credit (LIHTC) program, offering potential tax advantages for developers.Strategically located near key roads, employment centers, and growing residential demand, this property presents a compelling opportunity for builders and investors.Buyer to verify zoning, density, utilities, and eligibility for all incentives.
W 12th Street, Panama City, FL
- Price:
- $780,000.00
- Original List Price:
- $780,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $3.5
- Gross Scheduled Income:
- 0
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Land & Docks
- Property Type:
- Unimproved Land
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- March 25, 2026 4:00 am
- Other Special Conditions:
- City Jurisdiction
- Lot Area:
- 222,592 Sqft
- Lot Size Dimensions and Info:
- 222592
- Lot Size Acres:
- 5.11
- Waterfront:
- No
- Current Use:
- Unimproved, Multi-family, Hotel/motel
- Road Responsibility:
- Public Maintained Road
- Road Frontage Type:
- Easement, Public Road
- Possible Use:
- Commercial
- Tax Annual Amount:
- $6,650.00
- Tax Year:
- 2025
- Utilities Available:
- None, Sewer Not Available, Sewer Available, Other
- Water Source:
- Public, Other
- Senior Community:
- No
- Buyer Possession:
- Negotiable, Close Of Escrow
- Tax Legal Description:
- 6 4S 14W -11- SE1/4 OF NE1/4 LESS PLATTED PORT.& PCLS ORB 4601 P 546
- Real Estate Folio Number (Parcel Number):
- 18663000000
- Zoning:
- MU-2
- Elementary School:
- Newberry Elementary School-al
- Active on the market since:
- March 25, 2026
- Listing Agreement executed on:
- March 25, 2026
- Listing Status Last Changed On:
- March 25, 2026 4:00 am
- Photos updated on:
- March 26, 2026 2:02 am
- Last Modified:
- May 14, 2026 2:16 pm
- Courtesy of:
- United Realty Group Inc
- Attribution:
- Not provided
- Road Surface Type:
- Paved
- Street Name:
- 12th
- City:
- Panama City
- State:
- Florida
- County:
- Bay
- Latitude:
- N30° 10' 12.3''
- Longitude:
- W86° 19' 14.6''
- Street Suffix:
- Street
- Street Direction Prefix:
- W
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Ver la propiedad W 12th Street, Panama City, FL
