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2318 Dale Avenue, Panama City, FL 32405
Priced at Only: $1,500,000
For more Information Call Mobile: 352.442.9523
Address: 2318 Dale Avenue, Panama City, FL 32405
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  • MLS#: 776399 ( CommercialSale )
  • Street Address: 2318 Dale Avenue
  • Viewed: 5
  • Price: $1,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1988
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • Geolocation: 30.1899 / -85.616
  • County: BAY
  • City: Panama City
  • Zipcode: 32405
  • Subdivision: Highland City
  • Elementary School: Cedar Grove
  • Middle School: Mowat
  • High School: Bay
  • Provided by: Counts Real Estate Group
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  • Description
    This well located 40 lot mobile home park offers significant upside potential. Each lot includes individual water, sewer, power, and garbage services paid directly by tenants. All tenants are on month to month agreements, allowing for future rent optimization. Current lot rents are $250/month (increased as of 3/1/25), with opportunity to increase rents further to meet current market rates. Florida Power & Light (FPL) plans to install underground power to each lot in the near future. The property includes two mobile homes (on Lots 29 and 33) that will convey with the sale. There is also potential to develop 3 4 additional lots in the underutilized corner of the park, pending future permits and approvals. This asset presents a rare opportunity for investors seeking stable cash flow with clear paths to increase NOI through rent growth and potential lot expansion. Adjacent house is NOT included but CAN be purchased separately.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
High School
  1. Bay
Insurance Expense
  1. 0.00
Legal Description
  1. HIGHLAND CITY (8.20) 117B BEG SW COR LOT 8 TH N 590' E 328' S 590' W 328' TO POB BLK 35 ORB 1177 P 1379 and HIGHLAND CITY (8.20) 117B BEG SW COR LOT 8 TH N 590' E 328' S 590' W 328' TO POB BLK 35 ORB 1177 P 1379
Levels
  1. One
Living Area
  1. 0.00
Middle School
  1. Mowat
Area Major
  1. 02 - Bay County - Central
Net Operating Income
  1. 0.00
Occupant Type
  1. Occupied
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 12783-000-000
Pet Deposit
  1. 0.00
Property Type
  1. CommercialSale
School Elementary
  1. Cedar Grove
Security Deposit
  1. 0.00
The Range
  1. 0.00
Trash Expense
  1. 0.00
Year Built
  1. 1988
Headshot for Associate Joseph Treanor
  1. Joseph Treanor
  2. Tropic Shores Realty
  3. If I can't buy it, I'll sell it!
  4. Mobile: 352.442.9523
  5. 352.442.9523
  6. joe@jetsellsflorida.com
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