6724 Cherry Street Panama City

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.

This listing is maintained by Anchor Realty Florida.