2911 E 5th Court
Panama City, FL 32401
$250,000
Active
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.
Listing details MLS# 989803
Location, Tax and Legal
- Area
- 27 - Bay County
- Sub area
- 2702 - Bay - Central SE
- Subdivision
- NO RECORDED SUBDIVISION
- County
- Bay
- Parcel ID
- 23280-000-000
- 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
General Property Info
- Property type
- Land
- Acreage
- 0.69
- Lot size (sq ft)
- 30056.4
- Lot dimensions
- 300*100
Utilities
- Sewer
- Public Sewer
Schools
- Elementary
- Cedar Grove
- Middle school
- Rutherford ( Middle )
- High school
- Rutherford
Remarks and Misc
- Directions
- To reach 2911 E 5th Court, Panama City, FL 32401, from downtown Panama City near the Bay County Courthouse, head east on E 23rd Street toward N Watterson Avenue, continue on E 23rd Street until you reach the Millville neighborhood, then turn right onto E 5th Court and continue until you arrive at the property on the right.
