54 Coastal Hwy Panacea, FL 32346-2705

Exceptional investment opportunity: The Oaks RV Resort & Motel, located at 54 Coastal Hwy, Panacea, FL 32346, presents a unique blend of hospitality assets. This stabilized Class B property boasts 35 total units, including 22 RV sites with full hookups, two newly constructed luxury bungalows (each with two bedrooms and two bathrooms), and 11 renovated motel rooms. Situated on 2.7 acres, this beachfront property offers concrete pads, paved roads, and city water and sewer. Current NOI is $184,598, with a pro-forma NOI of $206,781, yielding a current cap rate of 8.39% and a pro-forma cap rate of 8.99%. The asking price is $2,200,000, representing a price per unit of $62,857.14. Amenities include an on-site pool and hot tub, and a laundry facility. The property's location near the beach and the Capitol to the Sea Florida Bike Trail, along with proximity to the Mashes Sand Ramp, provides significant appeal to a wide range of travelers. This established business offers immediate cash flow and significant upside potential through further amenity additions and rate optimization. The property is not subject to a ground lease. This is a rare opportunity to acquire a thriving hospitality business in a desirable coastal location. The property consists of three buildings. APN: 12-6S-02W-000-03873-000.