2318 Dale Avenue, Panama City, FL 32405
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  • MLS#: 776399 ( CommercialSale )
  • Street Address: 2318 Dale Avenue
  • Viewed: 1
  • Price: $1,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1988
  • Bldg sqft: 0
  • Days On Market: 5
  • Additional Information
  • Geolocation: 30.1899 / -85.616
  • County: BAY
  • City: Panama City
  • Zipcode: 32405
  • Subdivision: Highland City
  • Elementary School: Cedar Grove
  • Middle School: Mowat
  • High School: Bay
  • Provided by: Counts Real Estate Group
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  • 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.
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  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Bay
  • Middle School: Mowat
  • School Elementary: Cedar Grove
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • 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
  • Levels: One
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 12783-000-000
  • The Range: 0.00