$265,000
Panama City, FL 32401
MLS# 1002849
1 / 1
Property Description
HUGE INVESTMENT POTENTIAL!! Positioned in a prime location in the heart of Panama City, this exceptional 2.5-acre corner parcel offers unlimited potential for developers, investors, and business owners alike. Zoned Mix Use 3, the property is ideally suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating incredible possibilities for apartments, townhomes, mixed-use concepts, or a live/work community. Extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and wetland survey--saving valuable time and expense for future development. With its highly visible corner location, strong development flexibility, and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is perfectly positioned for growth and long-term value. Whether you are looking to develop multifamily housing, professional office space, educational facilities, or a mixed-use investment project, this property presents a rare opportunity in one of the area's most desirable and rapidly growing locations. All measurements and items of importance are to be confirmed by buyer or buyer agent.
Details
Documents
Contract Info
GCCMLS Number: 99999999
Listing Board: Emerald Coast
List Date: 2026-05-12
List Price: $265,000
Location, Tax and Legal
Sub Area: 2702 - Bay - Central SE
Legal Description: 4 4S 14W -76- 69A BEG 60' E OF NE COR OF BLK 1 GLENWOOD ADD TH S 330' EAST TO BAYOU NLY 330' M/L TO THE SLY R/W OF 11TH ST TH RUN WLY TO POB ORB 4505 P 2299
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: HUGE INVESTMENT POTENTIAL!!
Positioned in a prime location in the heart of Panama City, this exceptional 2.5-acre corner parcel offers unlimited potential for developers, investors, and business owners alike.
Zoned Mix Use 3, the property is ideally suited for medium to high-density residential development combined with professional offices, educational facilities, and low-intensity neighborhood commercial uses. Multifamily development opportunities allow for up to 20 units per acre, creating incredible possibilities for apartments, townhomes, mixed-use concepts, or a live/work community.
Extensive due diligence has already been completed, including an environmental/ecological site assessment, GEO-technical engineering report, boundary and topographical survey, and wetland survey--saving valuable time and expense for future development.
With its highly visible corner location, strong development flexibility, and convenient access to shopping, dining, medical facilities, and major thoroughfares, this parcel is perfectly positioned for growth and long-term value. Whether you are looking to develop multifamily housing, professional office space, educational facilities, or a mixed-use investment project, this property presents a rare opportunity in one of the area's most desirable and rapidly growing locations.
All measurements and items of importance are to be confirmed by buyer or buyer agent.
Class
Income Producing: 1
Land: 1
Multi-Family: 1
Land
Property Type: Mixed Use
Income Producing
Property Type: Multi-Family
Multi-Family
# of Units: 20
None
Current Price: $265,000
Status Change Info
Status: Active
Location Tax and Legal
Area: 27 - Bay County
Street #: 1014
Street Name: Mercedes
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Parcel ID: 16536-000-000
General Property Info
Acreage: 2.5
Property Features
Class: Income Producing; Land; Multi-Family
Site Plan A 
Site Plan B Listing Office: Beach Haven Realty LLC
Last Updated: May - 12 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
Broker Attribution:
7705966599
