Mixed-Use Land for Sale in Panama City, Florida
W 12th St, Panama City, FL 32040
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.
Location
- Street address
- W 12th St
- County
- Bay County
- Elevation
- 36 feet
Property details
- Acreage
- 5.11 acres
- Zoning
- MU-2
- MLS #
- MAOR A11837641
- Posted
Property taxes
- 2024
- $6,650
Parcels
- 18663-000-000
Legal description
6 4S 14W -11- SE1/4 OF NE1/4 LESS PLATTED PORT.& PCLS ORB 4601 P 546
Resources
Details and features
Listing
- Type
- Land
- Subtype
- Multi Family
Structure
- Water
- Public
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 10, 2025 | New listing | $780,000 | — | MAOR |