Description
This unique property offers a rare combination of long-term passive income and development-ready land in a growing area of Panama City. Situated on over 19 acres, with approximately 5 acres of usable land, the property includes a cell tower lease that provides monthly income with annual increases, providing a built-in revenue stream from day one. The tower is strategically placed on a non-developable portion of the land, preserving full use of the developable acreage. At the heart of the property sits a spacious 5-bedroom, 3-bath triple-wide mobile home featuring durable LVP flooring, crown moulding, and an open living area with a cozy fireplace. The large kitchen has an island, ample cabinetry, and generous counter space. Large windows fill the home with natural light. (SEE ADD REMARKS) Surrounded by mature trees, the land offers both privacy and potential for many outcomes, whether you're looking to add multiple mobile homes, build new construction, or create a small subdivision. The location is wonderful, being just minutes from Deer Point Lake, Lynn Haven shopping and dining, and within 20 miles of the white sands of PCB, this property is ideal for investors or anyone looking for space, flexibility, and built-in income.
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3BEDS
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19.5ACRES
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2BATHS
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01/2 BATHS
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2,386SQFT
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$243$/SQFT
School Information
Description
This unique property offers a rare combination of long-term passive income and development-ready land in a growing area of Panama City. Situated on over 19 acres, with approximately 5 acres of usable land, the property includes a cell tower lease that provides monthly income with annual increases, providing a built-in revenue stream from day one. The tower is strategically placed on a non-developable portion of the land, preserving full use of the developable acreage. At the heart of the property sits a spacious 5-bedroom, 3-bath triple-wide mobile home featuring durable LVP flooring, crown moulding, and an open living area with a cozy fireplace. The large kitchen has an island, ample cabinetry, and generous counter space. Large windows fill the home with natural light. (SEE ADD REMARKS) Surrounded by mature trees, the land offers both privacy and potential for many outcomes, whether you're looking to add multiple mobile homes, build new construction, or create a small subdivision. The location is wonderful, being just minutes from Deer Point Lake, Lynn Haven shopping and dining, and within 20 miles of the white sands of PCB, this property is ideal for investors or anyone looking for space, flexibility, and built-in income.
© 2025 Emerald Coast Association of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Vendor Member number: 28178. Data last updated: 2025-12-06T10:00:33.983.
Vendor Member #28178.