2431 Game Farm Road, Panama City, FL 32405
Local realty services provided by:CENTURY 21 Ryan Realty
2431 Game Farm Road,Panama City, FL 32405
$690,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: diane rushing
Office: anchor realty florida
MLS#:791909
Source:FL_BCMLS
Price summary
- Price:$690,000
About this home
Prime Multi-Family Development Opportunity - R2 Zoning | Approx. 1.92 Acres
Exceptional investment and development opportunity in a growing area. This approximately 1.92-acre parcel is zoned R2 Multi-Family and allows up to 15 units per acre, supporting a potential development of up to 23 residential units (subject to final engineering, site plan approval, and municipal review).
The property offers approximately 306 feet of frontage and features a favorable layout suitable for a townhome, apartment, or multifamily residential project. Preliminary conceptual planning demonstrates the potential for a 23-unit development with internal access, parking, landscaped common areas, and open space.
Development-friendly zoning requirements include:
• Front setback: 20 feet
• Side setbacks: 5 feet
• Rear setback: 10 feet
• Multi-family residential use permitted
Located in an area experiencing continued residential growth, this site provides an excellent opportunity for builders, developers, and investors seeking to capitalize on strong housing demand. Utilities availability, zoning regulations, density allowances, and development potential should be independently verified by purchaser.
Rare opportunity to acquire a multi-family development site with conceptual plans already demonstrating the property's density potential. Bring your vision and unlock the value of this strategically positioned parcel.
Buyer to verify all zoning, density, utility availability, permitting requirements, and development feasibility. Proposed site plan is AI Generated....
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Home facts
- Subdivision & Development:Highland City
- Listing ID #:791909
- Added:53 day(s) ago
- Updated:August 19, 2026 at 02:37 PM
Structure and exterior
- Lot area:1.92 Acres
Schools
- High school:Bay
- Middle school:Mowat
- Elementary school:Hiland Park
Utilities
- Sewer:Sewer Available
Finances and disclosures
- Price:$690,000
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