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Lisenby Avenue - Lisenby Ave 2.5 Acre of Residential Land Offered at $750,000 - $750,000 Per Lot in Panama City, FL 32405
Executive Summary
The property consists of two contiguous 2.5-acre parcels with dual access from Lisenby Ave and Fairland Ave, creating flexible options for subdivision layout, circulation, and phased development. The land is partially cleared, mostly level, and well-positioned for efficient site work.
Zoned R-1, the site qualifies for up to 8 dwelling units per acre with a Development Order (DO), making it an excellent candidate for small-lot single-family homes, cottage-style communities, or a boutique residential subdivision. This corridor continues to see strong demand for new housing, with limited supply of developable land.
- 5.0 acres total made up of two contiguous 2.5-acre parcels.
- Located in the Lisenby / Hwy 390 growth corridor, minutes from SweetBay and Downtown.
- R-1 zoning with potential for up to 8 DU/acre with a Development Order (DO).
- Dual access from Lisenby Ave and Fairland Ave supports efficient subdivision design.
- Partially cleared, mostly level land reduces site prep costs.
- Ideal for small-lot SFR, cottage homes, or a boutique residential subdivision.
- Owner financing available for qualified buyers
This is one of the last remaining multi-acre residential development sites in this high-growth corridor.
Property Facts
| Price | $750,000 - $1,500,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 2 | Total Lot Size | 5.00 AC |
| Property Type | Land | ||
| Zoning | R1 - Zoned R1, Residential, 8 dwelling units an acre with DO. | ||
| Price | $750,000 - $1,500,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Commercial |
| Total Lot Size | 5.00 AC |
| Zoning | R1 - Zoned R1, Residential, 8 dwelling units an acre with DO. |
2 Lots Available
Lot
| Price | $750,000 | Lot Size | 2.50 AC |
| Price Per AC | $300,000.00 |
| Price | $750,000 |
| Price Per AC | $300,000.00 |
| Lot Size | 2.50 AC |
PANAMA CITY, FL-2.5 ACRES (UP TO 5 ACRES AVAILABLE) Zoned R1 (8du/acre) Sits just outside Sweet Bay and right off the newly expanded 6-lane Hwy 390. Owner financing available.
Lot
| Price | $750,000 | Lot Size | 2.50 AC |
| Price Per AC | $300,000.00 |
| Price | $750,000 |
| Price Per AC | $300,000.00 |
| Lot Size | 2.50 AC |
PANAMA CITY, FL-2.5 ACRES (UP TO 5 ACRES AVAILABLE) Zoned R1 (8du/acre) Sits just outside Sweet Bay and right off the newly expanded 6-lane Hwy 390. Owner financing available.
Description
5-Acre Residential Development Opportunity – Lisenby Ave, Panama City, FL A rare 5-acre infill development site positioned along the rapidly growing Lisenby/390 corridor. This offering includes two contiguous 2.5-acre parcels, creating a flexible development footprint minutes from SweetBay, Downtown Panama City, and the newly expanded Hwy 390. The property features dual access from Lisenby Ave and Fairland Ave, improving circulation and offering multiple subdivision layout options. The land is partially cleared, mostly level, and well-suited for efficient site work. Zoned R-1, the site supports up to 8 dwelling units per acre with a Development Order (DO), making it an excellent candidate for small-lot single-family homes, cottage-style communities, or a boutique residential subdivision. Demand for new housing in this corridor remains strong, with limited supply of developable land inside the city limits. Highlights - 5.0 acres (two 2.5-acre contiguous parcels) - R-1 zoning with DO potential for increased density - Dual access: Lisenby Ave & Fairland Ave - Minutes to SweetBay, Downtown, and Hwy 390 - Partially cleared, mostly level topography - Ideal for SFR subdivision, infill housing, or phased development - Owner financing available This is one of the last remaining multi-acre residential development sites in this high-growth corridor, a strategic opportunity for builders, developers, or long-term land investors.
Property Taxes
| Parcel Number | 13168-000-000 | Improvements Assessment | $0 |
| Land Assessment | $132,500 | Total Assessment | $132,500 |
Property Taxes
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Lisenby Avenue - Lisenby Ave
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