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:
$1,500,000
List Date:
7/17/2025
Last Modified:
9/15/2025
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.
More Information MLS# 776399
Location
Sub Area: 0201 – Bay – Central NE
Community/Resort: None
Waterfront: No
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.
Area: 02 – Bay County – Central
Street #: 2318
Street Name: Dale Avenue
State: FL
Zip Code: 32405
County: Bay
Subdivision: Highland City
Parcel ID: 12783-000-000
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
Acreage: 5.9
Construction Status: Construction Complete
# of Units: 40
SqFt Tot Bldg: 0
Year Built: 1988
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.
Status Change Info
Sold Price/Acre: 169491.53
Status: Sold
Under Contract Date: 2025-07-25
Sold Date: 2025-09-15
Sold Price: $1,000,000
Floors in Unit/Home
One: 1
Contract Info
List Date: 2025-07-08
List Price: $1,500,000
Current Price: $1,000,000
Sub-Type: Mobile Home Park
Listing Office:
Counts Real Estate Group
Last Updated: September – 15 – 2025
Information deemed reliable but not guaranteed.