5921 Nadine Road, Panama City, FL 32404 (MLS# 735898)

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: $1,176,500 List Date: 1/03/2023 Last Modified: 3/06/2025

Overview

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

Listing Details MLS# 735898

Contract Info

List Price/SqFt: 96.37
Sub-Type: Mobile Home Park

Location

Area: 05 – Bay County – East
Street #: 5921
Street Name: Nadine
Street Suffix: Road
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0515 – Bay East – Bayou George
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 05881-000-000
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
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
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Units: 12
Acreage: 4.8
SqFt Tot Bldg: 12712
Year Built: 1955

Status Change Info

Under Contract Date: 2023-01-04
Sold Date: 2023-02-21
Sold Price/SqFt: 92.55
Sold Price/Acre: 245104.17

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

More Information

Present Zoning

Commercial: Yes
Resid Multi-Family: Yes

Utilities

Private Well: Yes
Septic Tank: Yes

Floors in Unit/Home

One: Yes

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.