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2911 E 5th Court, Panama City, FL 32401 Active 1 / 8
$250,000

2911 E 5th Court, Panama City, FL 32401

Panama City, FL 32401
  • MLS 989803

About this home

Prime investment opportunity: six cleared and buildable lots ready for immediate development. This 30,000-sqft parcel offers a 100-ft depth and an impressive 300-ft frontage, allowing six individual 50' x 100' lots. The property is already rezoned, and the city confirms no subdivision conversion is required—simply install a front culvert for drainage. With local homes recently selling around $255K and build costs for a 1,200-sqft home averaging $110K-$130K, each project offers strong equity and compelling ROI. Multiply that potential by six and the profit becomes undeniable. The land also supports alternative strategies, including three duplexes for long-term cash flow or resale. Don't miss this versatile, high-return opportunity.

Property details

Property typeUnimproved Land
StatusActive
Area27 - Bay County
SubdivisionNO RECORDED SUBDIVISION
CityPanama City
CountyBay
Zip32401

Exterior & lot

Lot size0.69 acres
Lot dimensions300*100

Schools

ElementaryCedar Grove
HighRutherford

Community

DirectionsTo reach 2911 E 5th Court, Panama City, FL 32401, from downtown Panama City near the Bay County Courthouse, head east on E 23rd Street toward N Watterson Avenue, continue on E 23rd Street until you reach the Millville neighborhood, then turn right onto E 5th Court and continue until you arrive at the property on the right.

Data source: Emerald Coast Association of REALTORS®

Location

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