$1,350,000
Panama City, FL 32404
MLS# 621718
Status: Sold
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Property Description
FORGET THE OFFERED PRICE - THE SELLER IS READY TO SELL – MAKE AN OFFER! EXCELLENT DEV. OPPORTUNITY! 33.5 AC on the NW cor. of Cato Rd. and 43rd St. having approximately 1,025 ft. on Cato Rd, 1,260 ft on 43rd St and 1,070 ft. on Mill Bayou Rd. Presently zoned Agriculture. Re-zoning would be required to R1 (8 Units per AC), or possibly R2 (15 Units per AC) for a Residential development. Water & Sewer Avail. The property is located ¼ mile N of Hwy 231 & ½ mile S of Hwy 390. A New North Bay Haven Charter School is located at Hwy 390 & Cato Rd. This is a major employment area with several newer public schools, 2 golf courses and 2 major Recreational Parks. There is an older Residential home on the property which uses a well and septic tank.
Details
Maps
Contract Info
Status: Sold
List Date: 2014-07-09
List Price: $2,000,000
Current Price: $1,350,000
List Price/Acre: 59701.49
Location
Street #: 4311
Street Name: CATO
Street Suffix: Road
Area: 02 - Bay County - Central
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0201 - Bay - Central NE
Subdivision: No Named Subdivision
Community/Resort: None
Parcel ID: 11426-000-000
Elementary School: Tommy Smith
Middle School: Merritt Brown
High School: Mosley
Directions: Go north on Highway 231, turn left on Cato Road. Property is on the Northwest corner of Cato Road and 43rd Street. From East Highway 390, turn south on Cato Road and go one half mile.
Legal Description: 33.5 Acres. - Northwest corner of Cato Road and 43rd Street. Long Legal; ONLY INCLUDES PART OF BAY COUNTY REAL ESTATE PARCEL NUMBER 11426-000-000
General Property Info
Sub-Type: Vacant Land
Lot Dimensions: IRREGULAR
Acreage: 33.5
Status Change Info
Under Contract Date: 2017-10-30
Sold Date: 2019-01-18
Sold Price: $1,350,000
Sold Price/Acre: 40298.51
Property Features
Financing: Conventional
Lot Access: County Road; Paved Road; Other - See Remarks
Lot Features: Level; Wooded; Other - See Remarks
Utilities: Electricity - Connected; Private Well-On-Site; Public Sewer Available; Water Connected; Septic Tank-On-Site
Present Zoning: Agriculture; County
Supplements
Haven Recreation Center and Harders Recreation Center) . The property is conveniently located to Bay Industrial Park, Tyndall Air Force Base and many other major employment areas, as well as, retail, hospitals and medical offices. There is presently an older residential home on the property which uses a well and septic tank. The property is available for showing at anytime. A three days notice is required to get access to the house.
Listing Office: Counts Real Estate Group
Last Updated: September - 30 - 2024
Information deemed reliable but not guaranteed.