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11930 Panama City Beach Pky - Pineglen RV Park 4,218 SF Specialty Building Offered at $9,900,000 in Panama City Beach, FL 32407
INVESTMENT HIGHLIGHTS
- Hwy 98 Frontage 830 +/- Ft
- 60 Current Lots with Room to Expand another 40 Lots
- Only 1 Mile to Beach and 3 miles to Pier Park
EXECUTIVE SUMMARY
This 60 lot RV Park is nestled in the heart of Panama City Beach. Only 1 mile from the beach and 3 miles to Pier Park, conveniently located this established business has room to expand 40 more RV lots to make it 100 for a higher NOI. The park is connected to city sewer and water and has an on site general store inside of the registration office. There is a laundry facility on site with showers and bath rooms. Screened in Pool for the guests to enjoy as well as horseshoe pits and outdoor activities. Panama City Beach Parkway is currently being expanded to 6 lanes which will provide ease of access to property when done. This property includes a total of 3 parcels with over 830 Hwy 98 Frontage. Seller has 2 other RV Parks in North Florida that they are considering selling. Contact Cory for more details. There is another sister RV Park owned in Cedar Key that is listed for sale for $4,500,000.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $9,900,000 | Building Class | C |
| Price Per SF | $2,347.08 | Lot Size | 12.83 AC |
| Sale Type | Investment | Building Size | 4,218 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1996 |
| Property Subtype | Trailer/Camper Park | ||
| Zoning | Commercial/PUD - Currently Zoned PUD | ||
| Price | $9,900,000 |
| Price Per SF | $2,347.08 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 12.83 AC |
| Building Size | 4,218 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Zoning | Commercial/PUD - Currently Zoned PUD |
ABOUT 11930 PANAMA CITY BEACH PKY , PANAMA CITY BEACH, FL 32407
Established RV park in the middle of Panama City Beach, there is a total of 60 RV/Camper lots with room to expand another 40 to make a total of 100 lots. Over 51000 Traffic County Average Daily. There is another sister RV Park owned in Cedar Key that is listed for sale for $4,500,000.
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $961,573 | |
| Land Assessment | $3,687,552 | Total Assessment | $4,649,125 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,687,552
Improvements Assessment
$961,573
Total Assessment
$4,649,125
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11930 Panama City Beach Pky - Pineglen RV Park
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