Lisenby Avenue
Panama City, FL 32405 Pretty Bayou

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.