1201 East AvePanama City, FL 32401

This exceptional 181,384 square foot property, located at 1201 N East Avenue in Panama City, Florida (zip code 32401), presents a unique investment opportunity. Zoned R-2, this just-over-four-acre parcel boasts significant infrastructure improvements already in place, minimizing upfront development costs. The property's strategic location offers excellent visibility and accessibility. Adding to its appeal, five existing rental homes situated on the southeast corner of the lot generate immediate income, providing a solid return while future development plans are implemented. This presents a rare chance to acquire a substantial land holding with existing cash flow, allowing for both immediate income generation and long-term development potential. The blank slate nature of the property allows for a wide range of uses, making it ideal for a variety of projects. The asking price for this prime Bay County real estate is $1,100,000. Don't miss this chance to capitalize on this exceptional opportunity in a thriving Florida market. Serious inquiries only.