Prime opportunity to own "Olde Florida" land and business, ripe for expansion/development, located 8/10 mile from the Gulf of Mexico, in Mexico Beach. Near 20 acres and general commercial zoning (18 units/acre or 24 units/acre w/15% commercial) & 138 front feet on CR 386. Year-round profit generation from 90 RV sites (74 full hookup 50/30/20 AMP RV/camping sites & 14 cabin sites rented monthly for $625/mo (lot rent inc utilities) with C10 & C11 have their own electric meter), 2 cabins rented nightly/weekly, 25 mobile home sites (at $475/month inc water, sewer, garbage - no electric - each have their own electric meter), 20 storage lots, a 6000 SF Main Building/Rec Hall, w/restaurant, office/store, kitchen, Tiki bar, restrooms, & 2BR/1BA apartment, plus a coin laundry facility w/5 washers & 4 dryers. Amenities: playground, basketball court, horseshoes, shuffleboard, fishing pond, & heated 20x40 in-ground pool. Property outfitted w/approx 122 sewer/water taps & upgraded electric, 30x50 storage shed, pump out station, propane filling station. Liscenses: Mobile Home Project, Retail Beverage (2 COP (beer, wine, and wine-based liquor - consumption on premises and package sales), Permanent Food Service.
Located In Mexico Beach, Florida less than twenty minutes (11.3 Miles) from Port Saint Joe, less than 25 minutes (17.3 Miles) from Tyndall AFB, and less than 25 minutes (20.8 Miles) from Wewahitchka, and 35 minutes (25.8 Miles) from Panama City.
Property consists of three parcels: 04173-010-000, 04173-018-000, 04173-026-000
15-acre MOL option (subject to lot split and city approval) would section off the back 5-acres MOL (the mobile home park), a fence would be erected and side entrance used (not park entrance). 1200 SF is the lot minimum for RV pad in Mexico Beach, which leaves the ability to reconfigure the pads and triple or quadruple the density or simply outfit the existing open lot space (5 -acres MOL) with pads.
For financials, please provide a signed confidentiality disclosure.
*Note: Proforma figures calculated using only monthly rentals and no nightly rentals.
The following figures were used to arrive at operating costs:
City of Mexico Beach - water, sewer, garbage averages $4300/month or $51,600/year *per city admin
Duke Energy - Electric averages $6750/month or $81,000/year *per Duke representative
Maintenance/Repair averages $50,000/year *estimate based on past and owner confirmation
Management: $50,000/year *estimate
Insurance: $10,000/year *owner indicated it was less
Property Taxes: $24,000 year *Per Bay County record
Other expenses: $57,400 *estimate
