0000 ALLANTON RDPanama City, Florida, 32404

Description:

This serene piece of pristine coast covers 228.5 acres in Panama City, Florida, with its shores on the Intercoastal Waterway. Located a leisurely boat ride away from the Gulf of Mexico, in the East Bay area, this tract of land is ideal for a waterfront community. This land is adjacent to, and available with, the 168 acres of Allanton Point. The combined acreage, of the two parcels, would be 400 acres of incredible development potential. This location also has the possibility of having a marina with slips or individual slips for the waterfront lots. The return on this property can be enormous. Rezoning of the property would be necessary to increase density for highest and best use. It is currently zoned 1 per 10 acres, but the property adjacent to it is 2 per acre. With water and sewer this could possibly be rezoned to 5 per acre. Please verify with the county.

listing provided by The Real Estate Book