7305 MORNINGSIDE SUBDIV HWY 231, Panama City, FL 32404

$950,000
Property Type: Commercial Land Lot Size (sq. ft.): 2,613,600 Status: Sold
Current Price: $950,000 List Date: 5/05/2020 Last Modified: 10/08/2024

Overview

Description

Morningside, a prime acquisition opportunity that was tied up in a difficult foreclosure until recently. This is a fully Entitled Subdivision. +/- 60 acre with 146 homesites, multi family and single family. Approximately 30% devoted to green space. Centrally located to Tyndall Air Force Base, Airport, Panama City, and the Worlds Greatest Beaches This presents an opportunity for national builders to enter into the market very quickly, just as many major economic development successes are being announced.

Listing Details MLS# 652386

Location, Tax & Legal

Street #
7305
Street Name
MORNINGSIDE SUBDIV HWY 231
State
FL
Zip Code
32404
County
Bay
Area
04 – Bay County – North
Subdivision
No Named Subdivision
Parcel ID
05469-019-000
Legal Description
Each lot has a tax ID
Sub Area
0414 – Bay North – East Deerpoint/Bear Creek
Business Name
Other
Community/Resort
None
Waterfront
Yes
Section
26
Township
2S
Range
13W
Elementary School
Tommy Smith
Middle School
Merritt Brown
High School
Mosley
Directions
Hwy 231 N. accross from the Intermodel Distribution Center entrance, accross Hwy 231 from Commerce Blvd, look for the Morningside Arch on your left.
HOA Fee
No

Contract Info

List Price/Acre
24983.33
Sub-Type
Unimproved Commercial

General Property Info

Acreage
60
Lot Size (SqFt)
2613600
Is Subject Leased
No

Status Change Info

Under Contract Date
2020-06-09
Sold Date
2020-07-20
Sold Price/Acre
15833.33

Remarks & Misc

Remarks
Morningside, a prime acquisition opportunity that was tied up in a difficult foreclosure until recently. This is a fully Entitled Subdivision. +/- 60 acre with 146 homesites, multi family and single family. Approximately 30% devoted to green space. Centrally located to Tyndall Air Force Base, Airport, Panama City, and the Worlds Greatest Beaches This presents an opportunity for national builders to enter into the market very quickly, just as many major economic development successes are being announced.

Financing

Cash
Yes
Conventional
Yes

More Information

Lot Features

Cleared
Yes
Retention Pond
Yes
Site Plan
Yes
Survey Available
Yes

Lot/Parcel Access

County Road
Yes
Paved Road
Yes

Present Zoning

Resid Multi-Family
Yes
Resid Single Family
Yes

Utilities

All Utilities
Yes
Electricity – Connected
Yes
Public Sewer – Connected
Yes
Water Connected
Yes

Sale Type

As Is
Yes
REO/Foreclosed
Yes

Waterfront Type

Pond w/o Gulf Access
Yes

TransportationAccess

4 – Lane
Yes
County Road
Yes
Divided Highway
Yes
Paved
Yes

Property Features

TransportationAccess: 4 – Lane; County Road; Divided Highway; Paved Financing: Cash; Conventional Lot Features: Cleared; Retention Pond; Site Plan; Survey Available Sale Type: As Is; REO/Foreclosed Utilities: All Utilities; Electricity – Connected; Public Sewer – Connected; Water Connected Waterfront Type: Pond w/o Gulf Access Present Zoning: Resid Multi-Family; Resid Single Family
Listing Office: ERA Neubauer Real Estate Inc
Last Updated: October – 08 – 2024
Information deemed reliable but not guaranteed.