$2,995,000
Panama City, FL 32405
MLS# 696266
Status: Sold
1 / 4
Property Description
15 acre site located at the North-end of Frankford Avenue in Panama City, between Sweet Bay to the east and the established neighborhoods of Kings Point and Kings Harbor across Robinson Bayou. The property was recently re-zoned to MIxed-Use 3 (MU3), which allows up to 20 units per acre (#300 units) within the City of Panama City. The conceptual site plans attached include 150 unit townhome developments. The site is located across the street from Phase 2 and 3, and future marina, of the Sweet Bay community and University Academy, a top ranking K-8 free public charter school. Recent area announcements include a new Suzuki Marine Technical Center to be built at the north-end of Frankford Avenue on St. Andrew Bay as well as within Sweet Bay an 11 acre marina and commercial town center
Details
Maps
Contract Info
List Date: 2020-03-30
List Price: $2,995,000
List Price/Acre: 199666.67
Current Price: $2,995,000
Sub-Type: Land/Acres
Location Tax Legal
Street #: 3500
Street Name: Frankford
Street Suffix: Avenue
State: FL
Zip Code: 32405
County: Bay
Area: 02 - Bay County - Central
Subdivision: [No Recorded Subdiv]
Parcel ID: 26656-035-000
Legal Description: #2 parcels. Abbreviated legal descriptions:
Parcel I.D. 26656-018-000: 24 3S 15W -1.18- 78D COM AT THE SE COR OF SEC TH N 2499.09' W 31.02' W 266.83' FOR POB N 499.96' NW 275.77' W 307.01' TO THE E R/W OF CALHOUN AVE TH SLY & ELY 105.38' S 560.76' ALG CURVE 223.80'N 14.90' TO POB ORB 3162 P 2093 /AND/ Parcel I.D. 26656-035-000: 24 3S 15W -1.19- 78D COM AT SE COR OF SEC TH N 2499.09' W 297.85'
General Property Info
Site Dimensions: Irregular
Acreage: 15
Lot Size (SqFt): 653400
Is Subject Leased: No
Status Change Info
Status: Sold
Under Contract Date: 2021-05-19
Sold Date: 2022-08-11
Sold Price: $2,995,000
Sold Price/Acre: 199666.67
Property Features
TransportationAccess: 2 - Lane; Paved
Financing: Cash; Conventional; Seller Financing
Lot Features: Aerials/Topo Available; Corner Lot; Survey Available; Will Divide
Sale Type: As Is
Utilities: All Utilities; Electricity - Connected; Electric-3-Phase; Phone - Connected; Public Sewer - Connected; Water Connected; Sewer Available; TV Cable; Other - See Remarks
Present Zoning: Commercial; Multi-Family; Resid Multi-Family; Other - See Remarks
Waterview: Bay; Bayou
Listing Office: Counts Real Estate Group Inc
Last Updated: October - 08 - 2024
Information deemed reliable but not guaranteed.