1. Nancy J. Jenks, REALTOR ®
  2. Tropic Shores Realty

1914 C-470 , LAKE PANASOFFKEE, FL 33538

Priced at Only: $975,000

Would you like to sell your home before you purchase this one?

  • MLS#: O6182404 ( Commercial Sale )
  • Street Address: 1914 C-470
  • Viewed: 4
  • Price: $975,000
  • Price sqft: $1,161
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 840
  • Days On Market: 270
Description
We are delighted to offer an exceptional investment opportunity within the fast expanding RV park market: a 36 Pad RV Development situated at 1914 County Rd 470, Lake Panasoffkee, FL 33538. This proposition stands out as a unique chance to secure a property with immense potential for both income generation and capital growth. Positioned to become a sought after destination for RV enthusiasts, the development promises quality, convenience, and proximity to a plethora of outdoor activities. Each pad is projected to generate $600 in monthly rental income or $275 weekly. The park in its completed form would be valued at around $2.52M ($70,000 each pad). This offers a dual opportunity: investors can either capitalize on immediate income through rentals or pursue selling the fully finished 36 Pad RV Park.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Garage and Parking
  • Garage Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Other
  • Road Frontage Type: County Road
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Country: US
  • Legal Description: COM AT CL INTERSECTION OF CR 470 & CR 439 BEING ON THE N LINE OF SEC RUN S 89 DEG 49'01"W 814.05 FT S 11 DEG 36'02"W 117.51 FT S 14DEG 45'00"W 275.35 FT S 89 DEG 59'17" E 658.35 FT TO POB S 24DEG 27'46"E 65.91 FT N 89DEG 49'49" E 16.07 FT S24 DEG 27'46" E 261.50 FT N 88 DEG 09'55"W 678.80 FT S 13 DEG 48'18"W123.60 FT S 76DEG 46'35" E 909.64 FT N 24DEG 27;46" W 599.38 FT N
  • Area Major: 33538 - Lake Panasoffkee
  • Parcel Number: J05-128

Contact Info

Headshot for Associate Nancy J. Jenks
  1. Nancy J. Jenks, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 352.400.8072
  4. jenkster0305@gmail.com
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