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Property profile & analytics
OFF-MARKET
Commercial real estate

711 Venetian Way Panama City, FL 32405

Property ID
US18-5575726
Property summary
AI-generated overview

Nearly a full acre, cleared with street frontage on 3 sides, roads in place, utilities in street, and MU3 zoning allows for 20 units per acre. A 16 unit townhome subdivision development is a good fit. Or develop with single family homes or duplex / triplex units. Preliminary plan indicates unit pad site of 20 x 42 each unit, sufficient for a 3 br - 2.5 bath + single garage townhouse. Layout options include a 5 plex + 3 plex or 4 plex + 2 plex down each street. Alternatively, lots can be combined for single family homes, duplexes or triplexes. Located in the north central metro area with close access to Hwy 390. Preliminary site plan options included in documents. Former building was demolished, and pool has been excavated, back filled and compaction test completed. Survey and multiple layout options for townhouses included in documents. Closing Agent will be Denise ''Dede'' Rowan. @ Dunlap Shipman. 558 Harrison Avenue, Panama City, FL. Engineering services are in process, working toward a development order

Property profile
Verified
Property type Commercial real estate
UPID US18-5575726
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Saint Michael & All Angels Anglican Catholic Church Church
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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