3911 E 11th St, Panama City, FL 32404

Property Description

Unique opportunity to own a versatile property in the heart of Springfield offering residential living, income potential, and future possibilities. Currently utilized as a single-family residence and classified as such by the Bay County Property Appraiser, this expansive property offers nearly 8,000 square feet under roof, including two separate living quarters, flexible-use space, and a large indoor workshop. Ideal for multi-generational living, rental income, or a live/work setup, the property's existing layout and previous use may offer potential for additional living units and income-producing opportunities (buyer to verify). The solar panel system conveys with the sale and helps keep utility costs remarkably low, with the owner reporting average electric bills of approximately $40 per month to heat and cool the entire property. According to the City of Springfield, the property is designated General Commercial on the City's Future Land Use Map. The City utilizes Future Land Use rather than traditional zoning. While currently classified and taxed as a single-family residence based on its present use, the General Commercial designation may allow for a variety of future commercial and multi-family uses, subject to City approval, permitting, inspections, and compliance with applicable building codes. Additional peace of mind comes from the roof replacement completed in 2019, upgraded to current code standards and featuring High Temp Fire & Ice underlayment. Conveniently located near shopping, restaurants, schools, medical facilities, Tyndall Air Force Base, and major transportation routes, this property offers a rare combination of size, flexibility, energy efficiency, and future potential. Whether you're seeking a multi-generational estate, income-producing property, or unique live/work opportunity, 3911 E. 11th Street presents possibilities that are difficult to find elsewhere.