W 12th St, Panama City FL 320401

About This Property

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.

Property Details

Property Type

Income/MultiFamily

Status

Active

MLS #

A11989551

Lot Size

222,592 SF

Zoning

MU-2

Days on Market

73

Price

$780,000