Coastal Vibes Luxury Beach Group

208 N Highway 22 A

Panama City, FL 32404

MLS#: 680352

$680,000

Status: Closed
Listing number: 680352
Listing provided by: CENTURY 21 Commander Realty
Listing agent phone: None
Last update: 5 months ago
On site: 7 years ago
Browse Properties
No Named Subdivision - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1952

Sq.Footage

0

HUGE VALUE ADD POTENTIAL! This property offers amazing upside to future buyers. The property features 32 mobile home lots and 9 permanent structure rental units. Presently 8 of the 32 mobile home lots are occupied with tenant owned homes paying $350/month in lot rent (market lot rent is $450/month). 7 of the 9 permanent structures are occupied as well. The property currently generates $6,000/month in revenue. All mobile home lots and structures are separately metered with city utilities paid for by the tenants. By filling the empty mobile home lots and repairing the 2 remaining structures the next owner has potential to more than double the property's value. Property is managed by a third party professional management company at a 5% of gross revenue expense.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    4.64

  • Lot Size(square feet)

    202118.4

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $680,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Parker

  • Middle School

    Everitt

  • High School

    Rutherford

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Location

County

Bay

Elementary School

Parker

Middle School

Everitt

High School

Rutherford

Listing Courtesy of Cain McNeil , CENTURY 21 Commander Realty

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Agent Dawn Severt

AGENT

Dawn Severt

Call Dawn today to schedule a private showing.

(850) 684-8957

(859) 608-8419

Dawn@coastalvibeslux.com


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HUGE VALUE ADD POTENTIAL! This property offers amazing upside to future buyers. The property features 32 mobile home lots and 9 permanent structure rental units. Presently 8 of the 32 mobile home lots are occupied with tenant owned homes paying $350/month in lot rent (market lot rent is $450/month). 7 of the 9 permanent structures are occupied as well. The property currently generates $6,000/month in revenue. All mobile home lots and structures are separately metered with city utilities paid for by the tenants. By filling the empty mobile home lots and repairing the 2 remaining structures the next owner has potential to more than double the property's value. Property is managed by a third party professional management company at a 5% of gross revenue expense.

208 N Highway 22 A

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- property

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