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2318 Dale Avenue

Panama City , FL 32405

MLS#: 776399

$1,500,000

Status: Closed
Listing number: 776399
Listing provided by: Counts Real Estate Group
Listing agent phone: None
Last update: a month ago
On site: 6 months ago
Browse Properties
Highland City - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1988

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    5.9

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,500,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Cedar Grove

  • Middle School

    Mowat

  • High School

    Bay

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Location

County

Bay

Elementary School

Cedar Grove

Middle School

Mowat

High School

Bay

Listing Courtesy of Timothy M Carroll , Counts Real Estate Group

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Agent Opey Russ

Broker

Opey Russ

Call Opey today to schedule a private showing.

(850) 699-1996

Opey@GulfLifeGo.com


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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.

2318 Dale Avenue

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