5921 Nadine Road, Panama City, FL 32404
$1,176,500
Property Type:
Commercial for Sale
Square Footage:
12,712
Lot Size (sq. ft.):
209,088
Status:
Sold
Current Price:
$1,225,000
List Date:
1/03/2023
Last Modified:
3/06/2025
Description
‘CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS’ Fantastic investment opportunity
This mobile home park has a monthly income of about $11000.00 a month. There are 22 rental lots and at the present time only 12 are occupied so the income can be greatly improved. The vacant land next to it must be purchased at the same time. MLS#735900
More Information MLS# 735898
Contract Info
List Price/SqFt: 96.37
List Date: 2023-01-03
List Price: $1,225,000
Current Price: $1,176,500
Sub-Type: Mobile Home Park
Location
Sub Area: 0515 – Bay East – Bayou George
Community/Resort: None
Waterfront: No
Elementary School: Tommy Smith
Middle School: Merritt Brown
High School: Rutherford
Directions: From highway 231 either direction turn on to Star Ave and the property is about 1/4 mile on the left. From the Callaway area go north on Star Ave and the property will be about 1/4 mile before highway
Area: 05 – Bay County – East
Street #: 5921
Street Name: Nadine
Street Suffix: Road
State: FL
Zip Code: 32404
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 05881-000-000
Legal Description: ST A B DEV CO PLAT 9 3S 13W LOT 57 LESS SR RW ORB 1977 932 -16- 143C ORB 3891 P 2324
General Property Info
List Class: Mobile Home
Acreage: 4.8
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Units: 12
SqFt Tot Bldg: 12712
Year Built: 1955
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: ‘CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS’ Fantastic investment opportunity
This mobile home park has a monthly income of about $11000.00 a month. There are 22 rental lots and at the present time only 12 are occupied so the income can be greatly improved. The vacant land next to it must be purchased at the same time. MLS#735900
Status Change Info
Sold Price/SqFt: 92.55
Sold Price/Acre: 245104.17
Status: Sold
Under Contract Date: 2023-01-04
Sold Date: 2023-02-21
Sold Price: $1,176,500
Present Zoning
Commercial: 1
Resid Multi-Family: 1
Utilities
Private Well: 1
Septic Tank: 1
Floors in Unit/Home
One: 1
Property Features
Present Zoning: Commercial; Resid Multi-Family
Utilities: Private Well; Septic Tank
Listing Office:
Coldwell Banker Carroll Realty
Last Updated: March – 06 – 2025
Information deemed reliable but not guaranteed.