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$ 4,500,000
Est. payment | /mo
3.25 Acres Lot
$ 4,500,000
Est. payment | /mo
3.25 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision No Named Subdivision
MLS Listing ID 792242
HOA Y/N No
Lot Size 3.250 Acres
Acres 3.25
Property Sub-Type Commercial
Property Description
Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3.247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of
$4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested
rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and
allows a buyer to immediately evaluate the project as a partially assembled waterfront
development opportunity, not raw land.
$4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested
rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3) within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty and
allows a buyer to immediately evaluate the project as a partially assembled waterfront
development opportunity, not raw land.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Exterior
Waterfront Description Bayou,Gulf Access,Riprap,Shoreline - Sand,Seawall,Shoreline - Natural,See Remarks
View Y/N Yes
Water Access Desc Bayou,Gulf Access,Riprap,Shoreline - Sand,Seawall,Shoreline - Natural,See Remarks
View Bay, Bayou
Private Pool No
Others
Tax ID 20154-000-000
Special Listing Condition Listed As-Is, Other
Listed by Counts Real Estate Group Inc
GET MORE INFORMATION
Mike Pierce
Associate Broker | Team Lead | License ID: 90551
+1(334) 339-6674 | mpierce@axenrealty.com