2318 Dale Avenue, Panama City, FL 32405 (MLS# 776399)

2318 Dale Avenue, Panama City, FL 32405

$1,000,000

Property Type: Commercial for Sale Lot Size (sq. ft.): 257,004 Status: Sold

Current Price: $1,000,000 List Date: 7/17/2025 Last Modified: 9/15/2025

Overview

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.

Listing Details MLS# 776399

Contract Info

Sub-Type: Mobile Home Park

Location

Area: 02 – Bay County – Central
Street #: 2318
Street Name: Dale Avenue
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0201 – Bay – Central NE
Subdivision: Highland City
Community/Resort: None
Waterfront: No
Parcel ID: 12783-000-000
Elementary School: Cedar Grove
Middle School: Mowat
High School: Bay
Directions: From East Avenue. head east on Douglas Road. Park is +/-0.5 miles down Douglas Road on the south side.
Legal Description: 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

General Property Info

List Class: RV/Mobile Park
Construction Status: Construction Complete
# of Units: 40
Acreage: 5.9
Year Built: 1988
SqFt Tot Bldg: 0

Status Change Info

Under Contract Date: 2025-07-25
Sold Date: 2025-09-15
Sold Price/Acre: 169491.53

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: 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.

More Information

Floors in Unit/Home

One: Yes

Listing Office: Counts Real Estate Group

Last Updated: September – 15 – 2025

Information deemed reliable but not guaranteed.