About This Home
This 0-bedroom, 0-bathroom commercial at 305 E Beach Drive in Panama City, FL is listed for $4,500,000. on a 3.25 acres lot.
Key Features
- 3.25 acre lot
- Waterfront
Amenities
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.
Monthly Cost Estimate
$24,067/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
305 E Beach Drive
Panama City, FL 32401
No Named Subdivision
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 305 E Beach Drive is listed at $4,500,000. The estimated monthly payment is $24,067 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 3.25 acre lot, Waterfront.
This property is listed by Chris S McCall and can be reached at 8508149889.
