3120 Minnesota Avenue, Panama City, FL 32405 (MLS# 727063)

3120 Minnesota Avenue, Panama City, FL 32405

$2,000,000

Property Type: Commercial for Sale Square Footage: 7,630 Lot Size (sq. ft.): 675,180 Status: Sold

Current Price: $2,000,000 List Date: 4/24/2023 Last Modified: 10/04/2024

Overview

Description

Mobile Home Park for sale. This sale consists of 4 parcels. The front 10 acre parcel has 86 lots, and is in the Lynn Haven city limits. All lots are on separate water meters (80+ tap fees paid?) and city sewer, and there’s a city-maintained lift station already in place. No wells or septic tanks. The back 7.5 acres (3 parcels) are in the county, were never developed, and have some wetlands that may be mitigated. All occupied homes still on site are on month-to-month rentals with no leases. For you developers, the city will also allow a HIGH DENSITY zoning of 15 units/acre for a MULTI-FAMILY development (possible 125 townhomes mol). OWNER FINANCING AVAILABLE WITH ACCEPTABLE DOWN AND TERMS. All meas. approx.

Listing Details MLS# 727063

Contract Info

List Price/SqFt: 235.91
Sub-Type: Mobile Home Park

Location

Area: 02 – Bay County – Central
Street #: 3120
Street Name: Minnesota
Street Suffix: Avenue
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0201 – Bay – Central NE
Subdivision: St Andrews Bay Dev Cmp
Community/Resort: None
Waterfront: No
Parcel ID: 11802-030-000
Elementary School: Hiland Park
Middle School: Mowat
High School: Mosley
Directions: North on Hwy 77 to a right on Baldwin Rd. Take first left onto Minnesota Ave. Property just up on the right.
Legal Description: 21 3S 14W -11.3- 103C ST AND BAY DEV CO PLAT LOTS 114 & 127 LESS W 20' RD R/W ORB 3910 P 708

General Property Info

List Class: RV/Mobile Park
Construction Status: Construction Complete
Acreage: 15.5
SqFt Tot Bldg: 7630
Year Built: 1983

Status Change Info

Under Contract Date: 2023-01-24
Sold Date: 2023-04-25
Sold Price/SqFt: 262.12
Sold Price/Acre: 129032.26

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Mobile Home Park for sale. This sale consists of 4 parcels. The front 10 acre parcel has 86 lots, and is in the Lynn Haven city limits. All lots are on separate water meters (80+ tap fees paid?) and city sewer, and there's a city-maintained lift station already in place. No wells or septic tanks. The back 7.5 acres (3 parcels) are in the county, were never developed, and have some wetlands that may be mitigated. All occupied homes still on site are on month-to-month rentals with no leases. For you developers, the city will also allow a HIGH DENSITY zoning of 15 units/acre for a MULTI-FAMILY development (possible 125 townhomes mol). OWNER FINANCING AVAILABLE WITH ACCEPTABLE DOWN AND TERMS. All meas. approx.

More Information

Financing

Cash: Yes
Conventional: Yes
Seller Financing: Yes

Present Zoning

Resid Multi-Family: Yes
Other – See Remarks: Yes

Utilities

Electricity – Connected: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Sale Type

As Is: Yes

Business/Property

Other – See Remarks: Yes

Floors in Unit/Home

One: Yes

Offering Type

Real Estate: Yes
Sale Only: Yes
Other – See Remarks: Yes

Pricing Type

Sale Price: Yes

Site Description

Aerials Available: Yes
Survey: Yes

Transport. Access

2-Lane: Yes

Property Features

Financing: Cash; Conventional; Seller Financing Offering Type: Real Estate; Sale Only; Other – See Remarks Pricing Type: Sale Price Present Zoning: Resid Multi-Family; Other – See Remarks Sale Type: As Is Site Description: Aerials Available; Survey Utilities: Electricity – Connected; Public Sewer – Connected; Water Connected

Listing Office: AMERICAN REALTY of Bay Co, Inc

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.