UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1065688
HOA Y/N No
Annual Tax Amount $139
Tax Year 2025
Lot Size 0.515 Acres
Acres 0.52
Lot Dimensions 80.0 ft x 95.0 ft
Property Sub-Type Unimproved Land
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
**Owner Financing Available**
Rare opportunity to acquire a vacant residential land assemblage in an established Panama City neighborhood, ideal for builders and developers seeking scalable infill projects. A boundary survey by Sea Level Surveying and Mapping, Inc. (12/4/2025) shows the primary Omoko Street parcel can be subdivided into four (4) buildable residential lots, each approximately 40' x 95'.
A 10' platted alley between the lots is noted as "Abandonment," meaning the public right-of-way has been formally vacated, with ownership typically reverting to the owner, allowing added design flexibility. An additional ±376 sq ft abandoned section on the south end of the property further enhances development potential and may support the creation of up to two additional lots, subject to zoning and approvals.
Additional parcel included in the sale:
6371 Hiwassee Street, Panama City, FL 32404
Optional expanded package:
Adjacent vacant parcel just north of Omoko St., located on the SE corner of S Jan Dr. & Winona St. (Parcel ID 06901-020-000). Parcel is approximately 0.29 acres with survey indicating potential for three (3) buildable lots, each approx. 40' x 95'.
Well-suited for spec homes, small subdivisions, or rental portfolios. Seller is motivated and prefers to sell as a combined development package. Surveys available.
Location
State FL
County Bay
Area 999 - Out Of Area
Direction Directions from US-231 (SR-75) & SR-390 (Nearest major highway intersection) Start at the intersection of US-231 (SR-75) and SR-390 in Panama City. Head east on SR-390 for approximately 1.8 miles. Turn right (south) onto S Jan Drive. Continue south on S Jan Drive Turn left (east) onto Winona St. Turn right (south) onto S Comet Ave. Turn right (west) onto Okomo St. Property at Dead End.
Exterior
Exterior Feature ExteriorFeatures
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Present Use Residential,Unimproved
Street Surface Paved
Road Frontage City Street
Garage No
Building
Lot Description Cul-De-Sac, Wooded
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 06905-000-000
Acceptable Financing Cash, Owner May Carry, Private Financing Available
Listing Terms Cash, Owner May Carry, Private Financing Available
Special Listing Condition Standard
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