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436 S US Highway 17 Mobile Home Park $3,100,000 East Palatka, FL 32131
INVESTMENT HIGHLIGHTS
- The property includes 56 full hookup RV spaces, with pending entitlements for 21 additional pads and 4 tent spaces.
- The resort features a dog park, fire pit, large shaded spots, and immediate access to the St. Johns River.
- The campground has undergone significant improvements, including management, tenant base, and increased occupancy and rents.
- Amenities include a pool, recreation hall, community bathrooms, laundry facilities, dump station, and propane filling equipment.
- Located just 30 minutes from St. Augustine and with frontage on the busy Highway 17, the property offers excellent visibility.
- The resort is poised for continued growth due to the surging demand for affordable housing in Palatka.
EXECUTIVE SUMMARY
ComReal is pleased to exclusively present the St. Johns Campground/RV Resort in East Palatka, FL, priced at $3,100,000. The property sits on 6.96 acres with 56 full hookup RV spaces, pending entitlements for 21 additional pads, 4 tent spaces, and a newly updated manager's apartment. Zoned as a commercial parking lot, the campground offers a range of amenities including a pool, recreation hall, community bathrooms, laundry facilities, dump station, new propane filling equipment, dog park, fire pit, large shaded spots, and immediate access to the St. Johns River. The location, across from the river and just 30 minutes from St. Augustine, is strategically positioned for continued growth, with city water and sewer services. With rising demand for affordable housing, particularly for the workforce employed by Georgia Pacific and service industries, the resort has seen improved occupancy and rents. Additionally, the park’s entitlements for expansion and Palatka’s projected growth due to nearby developments like the Bass Pro Shops resort make this a highly desirable investment opportunity. Financials are available upon request.
PROPERTY FACTS
| Price | $3,100,000 | Lot Size | 7.57 AC |
| Sale Type | Investment | Building Size | 22,400 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1970 |
| Building Class | C | ||
| Zoning | 02800 | ||
| Price | $3,100,000 |
| Sale Type | Investment |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 7.57 AC |
| Building Size | 22,400 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | 02800 |
PROPERTY TAXES
| Parcel Number | 39-10-27-8320-0050-0000 | Improvements Assessment | $199,660 |
| Land Assessment | $745,000 | Total Assessment | $944,660 |
PROPERTY TAXES
Parcel Number
39-10-27-8320-0050-0000
Land Assessment
$745,000
Improvements Assessment
$199,660
Total Assessment
$944,660