11930 Panama City Beach Pky - Specialty FOR SALE


Panama City Beach, FL 32407
$9,900,000 USD
850-381-2923
11930 Panama City Beach Pky, Panama City Beach, FL for Sale
$9,900,000 USD
Specialty - FOR SALE
1/18
null | 7.07% Cap Rate

11930 Panama City Beach Pky
Panama City Beach, FL 32407


HIGHLIGHTS

  • Hwy 98 Frontage 830 +/- Ft
  • Only 1 Mile to Beach and 3 miles to Pier Park
  • 60 Current Lots with Room to Expand another 40 Lots

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$9,900,000 USD

PRICE/SF

$2,347 USD /SF

CAP RATE

7.07%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.83 AC

LAND SF

558,875 SF

ZONING

Commercial/PUD

APN/PARCEL ID

34039-000-000,34039-010-000,34039-020-000

ASK ABOUT THIS PROPERTY

Cory HerrmanCounts Real Estate Group IncMore Info
850-381-2923

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Cory HerrmanCounts Real Estate Group IncMore Info
850-381-2923

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.