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4311 Cato Road, Panama City, FL

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4311 Cato Road

Panama City, FL 32404

Property Type:Land Parcel Size:33.5 Acres
For Sale Price:$2,000,000 Price/Acre:$59,701 Price/SF:$1.37

Proposed Use:-

On-Site Improv:-

Sale Notes:
EXCELLENT RESIDENTIAL DEVELOPMENT OPPORTUNITY. 33.5 acres on the Northwest corner of Cato Road and 43rd Street. Having approximately 1,025 feet on Cato Road,1,260 feet on 43rd Street and 1,070 feet on Mill Bayou Road. The property is presently zoned Agriculture. Re-zoning would be required to R1 (8 Units per Acre), or possibly R2 (15 Units per Acre) for a residential development. Bay County water and sewer is available at the site. The property is located one quarter mile north of Highway 231 and one half mile south of Highway 390. A New North Bay Haven Charter School is located at highway 390 and Cato Road, as well as, several newer public schools in the area. The site is near two public golf courses (Nature Walk and Majette Dunes) and two major recreation facilities (Lynn Haven Recreation Center and Harders Recreation Center) . The property is conveniently located to Bay Industrial Park, Tyndall Air Force Base and many other major employment areas, as well as, retail, hospitals and medical offices. There is presently an older residential home on the property which uses a well and septic tank. The property is available for showing at anytime.
Go north on Highway 231, turn left on Cato Road. Property is on the Northwest corner of Cato Road and 43rd Street. From East Highway 390, turn south on Cato Road and go one half mile.

Counts Real Estate Group Inc
Jim Everitt
(850) 248-3615

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