MLS # 754950 | $349,000
Panama City Real Estate
Overview
- Bedrooms: 0
- Full Baths:
- Half Baths: 0
- Square Footage: 0
- Built: N/A
- Acreage: 1.18
Location
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6724 Cherry Street
Panama City, FL 32404
See On Map - County: Bay
- Area: 02 - Bay County - Central
- Sub Area: 0202 - Bay - Central SE
- Subdivision: Callaway
HIGHLIGHTS
Property Type, Residential
High School, Rutherford
Middle School, Everitt
DESCRIPTION
DEVELOPMENT ORDER in place for 20 townhomes on this phenomenal corner lot on a hard right turn with 478' road frontage in the heart of Callway near the rapidly expanding Tyndall Air Force Base.Location: in the heart of Callaway near a rapidly expanding military base with millions of dollars in roadways, infrastructure and sidewalk expansion on Cherry St. in process. The influx of new airmen due to the base's redevelopment with the largest government grant in history means there will be high demand for new residential housing in the area.Corner Lot: Having a corner lot at a lighted intersection with significant road frontage (478 feet) is excellent for visibility and accessibility. This can enhance the appeal of the townhomes to potential buyers or renters.Flood Zone ''X'' signifies minimal risk of flooding which will assist with insurance costs. Seller willing to build - Extensive experience in market on comparable fix and flip or similar projects with a successful build to hold portfolio, the builder owners are willing to expedite this project for the right buyer. Engineering plans and job estimate available upon request.Timeline: With the land already cleared and ready to go, and an estimated completion time of 9 months to 1 year for the entire project, this represents a relatively quick turnaround for a development of this scale.MAP & DIRECTIONS
Driving Directions: From the intersection of Jenks and Hwy 98 go East on Hwy 98 for approx. 6 miles. Turn left onto Cherry Street, go East .98 miles. The property is on the right.
Listed by Anchor Realty Florida | Updated 03/29/2024 14:02:05
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.