Description
NEW PRICE $7.9M | 13.82 AC | RV RESORT -EXPANSION POTENTIAL
Exceptional Investment and Development Opportunity on Panama City Beach Parkway!
Now offered at an improved asking price of $7,900,000, Pine Glen Motorcoach & RV Park presents an opportunity to acquire an established, income-producing RV property with significant frontage along one of Panama City Beach's primary commercial corridors.
Located at 11930 Panama City Beach Parkway (U.S. Highway 98), this 13.82+- acre property offers approximately 830 feet of highway frontage, excellent visibility, and access to the growing Panama City Beach market.
The existing RV park is advertised as having approximately 60 RV sites, with the potential to accommodate approximately 40 additional sites, subject to City of Panama City Beach Conditional Use approval, site planning, infrastructure capacity, and other applicable development approvals.
The property is currently zoned Planned Unit Development (PUD) with a Mixed-Use Future Land Use designation, offering prospective purchasers the opportunity to evaluate continued outdoor-hospitality operations, potential expansion, cabin/cottage accommodations, or alternative commercial, residential, and mixed-use redevelopment concepts, subject to applicable governmental approvals.
Additional property features include city water and sewer service, three existing ponds, and proximity to established commercial and residential development along the Panama City Beach Parkway corridor. Potential incorporation of existing stormwater facilities into future development plans would require engineering evaluation and permitting.
With approximately 50,000 vehicles traveling the Parkway daily, the property offers significant corridor exposure and long-term investment potential.
An opportunity to acquire an operating RV property with potential expansion and long-term redevelopment flexibility in Panama City Beach.
Financial information is seller-provided and has not been independently audited or verified. Buyers are responsible for verifying financial performance, site counts, zoning, land use, utilities, development potential, traffic counts, and all applicable governmental approvals.
