2316 Fortune Ave, Panama City, FL 32405

Approved for 40 townhouses! 4.7+/- acres positioned right in the heart of Panama City and all commercial activity. Land is cleared and raked. The current zoning of the parcel is Mixed Use-3 which allows for a plethora of uses including single family homes, townhomes, and multifamily up to 20 units/acre. Seller has mitigation permit from Water Management Department. Mitigation permit is valid for 5 years and can be renewed. Wetlands mitigation credits have been purchased by the seller. Seller has a Development Order from the City for townhomes development with five units per building. Full site engineering is approved by the city. Survey, studies and permits can be provided as necessary. The site is ready to undertake additional work for construction.