Listing photo for 6724 Cherry Street, Panama City, FL
Listing photo for 6724 Cherry Street, Panama City, FL
Listing photo for 6724 Cherry Street, Panama City, FL
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6724 Cherry Street,

Panama City, FL

$349,000

DEVELOPMENT ORDER in place for 20 townhomes on this phenomenal corner lot on a hard right turn with 478' road frontage in the heart of Callway near the rapidly expanding Tyndall Air Force Base.Location: in the heart of Callaway near a rapidly expanding military base with millions of dollars in roadways, infrastructure and sidewalk expansion on Cherry St. in process. The influx of new airmen due to the base's redevelopment with the largest government grant in history means there will be high demand for new residential housing in the area.Corner Lot: Having a corner lot at a lighted intersection with significant road frontage (478 feet) is excellent for visibility and accessibility. This can enhance the appeal of the townhomes to potential buyers or renters.Flood Zone ''X'' signifies minimal risk of flooding which will assist with insurance costs. Seller willing to build - Extensive experience in market on comparable fix and flip or similar projects with a successful build to hold portfolio, the builder owners are willing to expedite this project for the right buyer. Engineering plans and job estimate available upon request.Timeline: With the land already cleared and ready to go, and an estimated completion time of 9 months to 1 year for the entire project, this represents a relatively quick turnaround for a development of this scale.

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Facts & Features
MLS® # 754950
Price $349,000
Bathrooms 0.00
Acres 1.18
Type Land
Sub-Type Residential
Status Active
Listing Office Anchor Realty Florida
Community Information
Address 6724 Cherry Street
Area 02 - Bay County - Central
Subdivision Callaway
City Panama City
County Bay
State FL
Zip Code 32404
Amenities
Is Waterfront No
Has Pool No
Interior
Has Basement No
Fireplace No
School Information
Elementary Callaway
Middle Everitt
High Rutherford
Additional Information
Date Listed March 29th, 2024
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Anchor Realty Florida
Photo of Kathy S Bass

Kathy S Bass

Office: 850-898-1205
Cell: 850-832-1007

DISCLAIMER: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Source: Bay County Association Of REALTORS® Multiple Listing Service