W 12th St, Panama City, Florida 320401

Description

Prime development opportunity in Panama City. This parcel allows for residential development with current zoning supporting up to 10 units per acre, with a maximum potential of approximately 51 units (subject to buyer’s verification).rnrnAdditionally, the property may qualify for increased density under Florida’s Live Local Act, which can allow for significantly higher density when developing qualifying affordable or workforce housing projects, subject to local approvals and compliance requirements.rnrnThe site may also be eligible for incentives under the Low-Income Housing Tax Credit (LIHTC) program, offering potential tax advantages for developers.rnrnStrategically located near key roads, employment centers, and growing residential demand, this property presents a compelling opportunity for builders and investors.rnrnBuyer to verify zoning, density, utilities, and eligibility for all incentives.