$780,000

0 W 12th St Unit A11837641 Panama City, FL 32401

Estimated payment $4,771/month

Total Views 1,309
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Exceptional development opportunity in Panama City, Florida! This 5.11-acre MU-2 zoned property offers the potential to build up to 51 multifamily units by right, with additional density possible under Florida’s Live Local Act.
The site features paved road frontage on W 12th Street, utilities nearby, and close proximity to W 15th Street, the area’s main commercial corridor with shopping, schools, and public transportation.
Environmental and geotechnical studies are complete, showing no recognized environmental concerns. Existing natural pond and wetlands delineated for future planning.
Please contact the listing agent for full Offering Memorandum, survey, Phase I ESA, and other due diligence files.

Listing Agent

Damaso Medina

United Realty Group Inc License #3082593 Listed on: 05/14/2025

United Realty Group Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,650

Lot Details

  • 5.11 Acre Lot
  • Lot Dimensions are 450x495

Home Design

Location

  • City Lot

Utilities

  • Lake Drain
  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 18663-000-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,650

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Ownership: Corporation
  • Property Sub Type: Income/MultiFamily
  • Horses: No
  • Lot Size Acres: 5.11
  • Lot Size: 450x495
  • New Construction: No
  • Road Frontage Type: Legal Access Road, City/County Maintained, Public Road
  • Road Surface Type: Paved
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Central Urban, Intensive Development, Urban Commercial

Exterior Features

  • Lot Features: Central Business District, City Location, Near School, Urban Area Development, 5 To Less Than 10 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Utilities

  • Sewer: None, Other
  • Water Source: Laked Drain, Municipal Water, Other
  • Utilities: No Utilities, Other Utilities Available, None, Other

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 18663-000-000
  • Current Use: Unimproved Business/Commercial, Unimproved Hotel/Motel, Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 222592
  • Zoning: MU-2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6650

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 For Sale $780,000 -- --
Source: MIAMI REALTORS® MLS

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Source: MIAMI REALTORS® MLS

MLS Number: A11837641

MIAMI REALTORS® MLS
Florida Bay County Panama City 32401

0 W 12th St Unit A11837641, Panama City, FL

This home is located at 0 W 12th St Unit A11837641, Panama City, FL 32401 and is currently priced at $780,000. 0 W 12th St Unit A11837641 is a home located in Bay County with nearby schools including Northside Elementary School, Jinks Middle School, and Bay High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Damaso Medina
Listing Agent
Damaso Medina
Section Image
United Realty Group Inc
(448) 202-4781