5
See all 5 photos
$138,000
Est. payment /mo
8 Acres Lot
Price Dropped by $10K
7909 Madison AVE Southport, FL 32409
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Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision No Named Subdivision
MLS Listing ID 764531
HOA Y/N No
Annual Tax Amount $3,179
Tax Year 2023
Lot Size 8.000 Acres
Acres 8.0
Property Sub-Type Residential
Property Description
INVESTOR OPPORTUNITY!!! Land development investment opportunity in one of the fastest growing locations in the Panhandle! SELLER WILL CONSIDER OWNER FINANCING!!! Explore the potential of 8 acres +/- of land in one of the fastest growing areas of the Panhandle. As per Panhandle Engineering study, the property could accommodate 15 homes which makes this an outstanding investment opportunity!There is a 3-bedroom house, barn, and pasture, on the property considered to be of no value. However, the true value lies in the land itself and its strategic location. Given the expected growth in West Bay and its surroundings, this property offers an appealing investment prospect, especially for developers. With the current zoning allowing for R-1 and R-2 use, there is significant building potential just a quick 20-minute drive to the Airport, 30 minutes to the Beaches, and roughly 15 minutes to Panama City. This is an opportunity not to be missed!
Location
State FL
County Bay
Area 04 - Bay County - North
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, Water Available
Schools
Elementary Schools Southport
Middle Schools Deane Bozeman
High Schools Deane Bozeman
Others
Tax ID 07722-000-000
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Listed by Chipola Realty, Chipley Office