$2,000,000
Panama City, FL 32405
MLS# 727063
Status: Sold
7630 sqft
1 / 1
Property Description
Mobile Home Park for sale. This sale consists of 4 parcels. The front 10 acre parcel has 86 lots, and is in the Lynn Haven city limits. All lots are on separate water meters (80+ tap fees paid?) and city sewer, and there's a city-maintained lift station already in place. No wells or septic tanks. The back 7.5 acres (3 parcels) are in the county, were never developed, and have some wetlands that may be mitigated. All occupied homes still on site are on month-to-month rentals with no leases. For you developers, the city will also allow a HIGH DENSITY zoning of 15 units/acre for a MULTI-FAMILY development (possible 125 townhomes mol). OWNER FINANCING AVAILABLE WITH ACCEPTABLE DOWN AND TERMS. All meas. approx.
Details
Maps
Contract Info
List Date: 2022-05-24
List Price: $1,800,000
List Price/SqFt: 235.91
Current Price: $2,000,000
Sub-Type: Mobile Home Park
Location
Area: 02 - Bay County - Central
Street #: 3120
Street Name: Minnesota
Street Suffix: Avenue
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0201 - Bay - Central NE
Subdivision: St Andrews Bay Dev Cmp
Community/Resort: None
Waterfront: No
Parcel ID: 11802-030-000
Elementary School: Hiland Park
Middle School: Mowat
High School: Mosley
Directions: North on Hwy 77 to a right on Baldwin Rd. Take first left onto Minnesota Ave. Property just up on the right.
Legal Description: 21 3S 14W -11.3- 103C ST AND BAY DEV CO PLAT LOTS 114 & 127 LESS W 20' RD R/W ORB 3910 P 708
General Property Info
List Class: RV/Mobile Park
Construction Status: Construction Complete
Acreage: 15.5
SqFt Tot Bldg: 7630
Year Built: 1983
Status Change Info
Status: Sold
Under Contract Date: 2023-01-24
Sold Date: 2023-04-25
Sold Price: $2,000,000
Sold Price/SqFt: 262.12
Sold Price/Acre: 129032.26
Property Features
Financing: Cash; Conventional; Seller Financing
Offering Type: Real Estate; Sale Only; Other - See Remarks
Pricing Type: Sale Price
Present Zoning: Resid Multi-Family; Other - See Remarks
Sale Type: As Is
Site Description: Aerials Available; Survey
Utilities: Electricity - Connected; Public Sewer - Connected; Water Connected
Listing Office: AMERICAN REALTY of Bay Co, Inc
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.