$750,000

Prime 2.5-5 Acre Residential Development Opportunity - Lisenby Ave, Panama City, FL Two contiguous 2.5-acre parcels (5 acres total) positioned just outside the sought-after Sweet Bay community. This site offers exceptional potential for residential development with R-1 zoning allowing up to 8 DU/acre with a Development Order (DO). Location Advantage: Minutes from Publix, Sweet Bay, and the newly expanded 6-lane Hwy 390, providing direct access to downtown Panama City, the beaches, and major regional employers. Site Characteristics: Approximately 5 acres, partially cleared, mostly level, with dual access from Lisenby Ave and Fairland Ave. Development Potential: Ideal for infill housing, residential subdivision, or small community development within one of Panama City's fastest-growing corridors. Zoning Flexibility: R-1 zoning with DO approval for up to 8 units per acre makes this a strong candidate for multi-phase or higher-density residential concepts. Owner Financing Available: Flexible terms considered for qualified buyers.