Active

2316 Fortune Avenue

Panama City FL, 32405

$650,000


$3.17 per sqft

Active

204,732 sqft

Commercial

Seller has mitigation permit from Water Management Department and is valid for five years and can be renewed. 4.7+/- acres positioned right in the heart of Panama City and all commercial activity. The current zoning of the parcel is Mixed Use 3 which allows for a plethora of uses including single family homes, townhomes, and multifamily up to 20 units/acre. A majority portion of the property is wetlands (low quality, lowest cost category). Seller has done wetland studies, surveys, and minimal geotechnical work on this property and the studies can be provided as necessary. Seller has applied for and been awarded a Development Order from the City for a townhome development with five units per building for a total of 40 units. Full site engineering and approved by the city for 40 units. Wetlands mitigation credits have been purchased by seller and the site is ready to be cleared and studies completed.

750986

MLS ID

January 5, 2024

Listed

February 16, 2024

Updated

Map

2316 Fortune Avenue
Panama City FL, 32405

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

4.7 Acres


Sewer

Public Sewer

School Information

High School

Bay


Elementary School

Northside

Other Property Details

Area Name

02 - Bay County - Central


Garage

No


View

No


County

Bay


Water Source

Public


Pool

No

 

Courtesy of Counts Real Estate Group, Timothy M Carroll,
Listing Contact: (850) 532-5878 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Peevy Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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