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  1. Commercial Properties
  2. FL
  3. Callaway
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For Sale

Callaway Mobile Home Park

208 N Highway 22 A, Panama City, FL 32404

Callaway is part of the Panama City metropolitan area, a rapidly recovering Gulf Coast region in Bay County, Florida. Anchored by Tyndall Air Force Base, strong tourism, and a growing construction sector, Callaway continues to attract in-migration and economic development. The region faces high demand for affordable housing, positioning this park favorably for rental growth and increased occupancy.TriCore Commercial Real Estate is pleased to exclusively present Callaway Mobile Home Park, a highly desirable, income-producing mobile home community located in the heart of Callaway, Florida—a fast-growing Gulf Coast submarket just minutes from Panama City and the emerald waters of Florida’s Emerald Coast. With a total of 41 mobile home pads and 1 duplex, this opportunity offers a compelling blend of stable in-place income, newly upgraded infrastructure, and significant upside through infill. Callaway Mobile Home Park represents a clean, low-risk investment with new infrastructure, strong in-place income, and a clear path to upside through pad infill or home sales. With management in place and significant capital improvements already completed, this is an ideal opportunity for both experienced MH investors and groups seeking a stabilized yield with expansion potential.

Key features

  • Exit Flexibility: 24 POH units valued at ~$1,680,000. Option to sell homes individually or maintain for income. Supports hold or resale strategy.
  • Municipal Utilities: City sewer (direct billed), city water (bulk account, sub-metered and billed back), and dumpster trash service ($25/month billed back).
  • New Infrastructure: Completed in the last 3 years: new sewer lines, full replacement of water lines, underground electric. Roads paved in 2025.
  • On-Site Management: Local manager conducts daily site visits, handles routine maintenance and grounds care. Willing to remain post-sale.
  • Path to Increased Revenue: 17 vacant pads offer major upside. At $1,500 average POH rent, full occupancy yields ~$62,900/month or $754,800/year gross income.
  • Stabilized Core with Value-Add Upside: 24 pads currently occupied with 2021–2022 model 3 bed / 2 bath POH homes (Legacy & Hamilton Homes), with rents from $1,395 to $1,600/mo. Duplex rents for $1,400/mo.
Want more info on this listing?

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Contacts

broker
Bryant Dromey

TriCore Commercial Real Estate

Building Details

  • For Sale $3,100,000
  • Property Type Multi-Family
  • Units 41
  • Lot Size 4.64 Acre
  • Year Built 1952
  • Date Updated May 11, 2026

Getting Around

  • Walk Score ®

    Somewhat Walkable (54)
  • Bike Score ®

    Somewhat Bikeable (42)
Powered by Walk Score ®

Location

  • City Panama City, FL
  • Neighborhood Callaway
  • Zip Code 32404
  • Market Pensacola
  • Map
  • Street

Points of Interest

Exxon

0.29 miles

Marathon

0.33 miles

CEFCO

0.40 miles

Murphy Express

0.50 miles

Chevron

0.52 miles

Murphy USA

0.98 miles

Shell

1.01 miles

VP Racing Fuels

1.09 miles

Bk's Car Wash

1.12 miles

Visions Auto Detailing

2.02 miles

Grease Pro Car Wash and Detailing

4.87 miles

Enterprise

5.10 miles

Waterworx Car Wash

5.65 miles

BK's Car Wash

5.74 miles

Hertz

5.92 miles

Car Wash

9.53 miles

Car Wash In Paradise

9.92 miles

Zaxby's

0.40 miles

McDonald's

0.46 miles

Sonic

0.46 miles

Burger King

0.48 miles

PoFolks

0.53 miles

Chick-fil-A

0.54 miles

Waffle House

0.54 miles

Wendy's

0.57 miles

Marco's Pizza

0.60 miles

Grocery Outlet

0.72 miles

Big Lots

0.74 miles

ALDI

0.76 miles

Walmart Supercenter

0.89 miles

Asian Oriental International Market

1.85 miles

Dollar General Market

2.06 miles

JCPenney

3.87 miles

Panama City Mall

3.92 miles

Dillard's

3.99 miles

Gulf Coast Pharmacy

0.61 miles

Callaway Clinic

0.63 miles

Springfield Fire Station

0.74 miles

WSI Learning Center

1.08 miles

Ascension Sacred Heart Bay Hospital

3.02 miles

Panama City Police Department

3.12 miles

Coopers Drugs

3.14 miles

Panama City Fire Prevention

3.25 miles

Emerald Coast Behavioral Hospital

4.29 miles

208 N Highway 22 A Listing Summary

  • What is the asking price at Callaway Mobile Home Park?

    Callaway Mobile Home Park is currently listed for sale at Contact for pricing.

  • What is the year built for Callaway Mobile Home Park?

    The year built for Callaway Mobile Home Park is 1952.

Contact Listing Broker
broker
Bryant Dromey

TriCore Commercial Real Estate

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