Description
Pelican Pass at Massalina Bayou presents a rare opportunity to acquire an entitled waterfront development site in the heart of Panama City's waterfront district. The property consists of approximately 3. 247 acres with 650 linear feet direct frontage on Massalina Bayou. Asking price of
$4,500,000. The property benefits from a recorded and assignable Development Agreement providing vested
rights for residential and marina development. Multiple development paths are supported, including attached residential/townhomes, detached single-family residential, multifamily residential and marina-oriented waterfront development. Zoned Mixed-Use 3 (MU-3)...read more within the City of Panama City. The sale includes Bay County Parcel ID # 19528-000-000. ALTA/topographic survey, development agreement, existing conditions, townhome concept plans, draft plat, marina layout, single-family lot concept, construction/utility exhibits, seawall proposal and marina proposal. This reduces uncertainty andallows a buyer to immediately evaluate the project as a partially assembled waterfrontdevelopment opportunity, not raw land.