W 12th St
Panama City, FL
Map
- – beds
- – baths
- – sqft
- ~5 acre lot
- – on site
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.
Last checked:
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Last updated Jul 11, 2025
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MLS# A11837641 —
Financial & Terms
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Lease Considered:false
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Possession:ClosingAndFunding,CloseOfEscrow
The Property
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Property Type:Land
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Property Subtype:MultiFamily
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Property Subtype Additional:MultiFamily
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Zoning Description:MU-2
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Parcel Number:18663 000 000
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Lot Features:FiveToTenAcres
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Lot Size Area:222592.0
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Lot Size Acres:5.11
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Lot Size SqFt:222,592 Sqft
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Lot Size Dimensions:450x495
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Lot Size Units:SquareFeet
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Waterfront:false
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Road Responsibility:PublicMaintainedRoad
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (305) 776-3951
- Office phone:
- (954) 450-2000
Taxes
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Tax Year:2024
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Tax Annual Amount:$6,650
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Tax Legal Description:6 4S 14W -11- SE1/4 OF NE1/4 LESS PLATTED PORT.& PCLS ORB 4601 P 546
The Listing
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Virtual Tour Unbranded:
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Ownership:Corporation
Utilities
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Utilities:None, Other, SewerNotAvailable
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Sewer:None,Other
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Water Source:Lake,Public,Other
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/9/25
Jul 9, 2025
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Listed / Active | MLSM | $780,000 | |
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11/26/24
Nov 26, 2024
|
Listed / Active | MLSM |
