Improved Commercial Land for Sale in Lake Panasoffkee, Florida
1914 N C 470 Lake Panasoffkee, FL 33538
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.
Directions
Take E County Rd 470 to Lake Panasoffkee. Arrive at 1914 N County Road 470 Lake Panasoffkee, FL.
Location
- Street Address
- 1914 N C 470
- County
- Sumter County
- Elevation
- 49 feet
Property details
- MLS Number
- MFRMLS O6182404
- Date Posted
Property taxes
- 2023
- $837
Parcels
- J05-128
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
Detailed attributes
Listing
- Type
- Commercial Sale
- Subtype
- Business
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Feb 27, 2024 | New listing | $975,000 | — | MFRMLS |