0 Lisenby Avenue, Panama City, FL 32405 (MLS# 782082)

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Property Description
Prime 2.5 Acre Residential Development Opportunity - Lisenby Ave, Panama City, FL Positioned just outside the highly sought-after SweetBay community, this 2.5-acre parcel offers exceptional potential for residential development in one of Panama City's fastest-growing corridors. Location Advantage: Minutes from Publix, SweetBay, and the newly expanded 6-lane Hwy 390, providing convenient access to downtown Panama City, Tyndall Air Force Base, area beaches, and major regional employers. Infrastructure Advantage: A newly installed 8-inch municipal water main now runs directly in front of the property, and an existing lift station is located immediately across the street, creating significant development cost savings and making the site especially attractive for future residential projects. Site Characteristics: Approximately 2.5 acres, partially cleared, mostly level, with convenient access from Lisenby Ave and nearby Fairland Ave. Development Potential: Zoned R-1 with the potential for up to 8 dwelling units per acre through Development Order (DO) approval, making this an outstanding opportunity for infill housing, a residential subdivision, townhomes, or a small community development. Investment Appeal: Existing nearby utility infrastructure could substantially reduce future development costs, positioning the property as a strong candidate for investors, builders, or developers seeking opportunities within Panama City's expanding growth corridor. Additional Opportunity Available: The adjoining 2.5-acre parcel may also be available, creating the potential for a larger 5-acre assemblage. Owner Financing Available: Flexible terms considered for qualified buyers.

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