8614 Surf Drive Panama City Beach
$4,000,000 Estimate Payments
TYPE: Hotel/Motel
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Zoned Commercial High Intensity. This is a great RARE opportunity to own over half and acre of land right across the street from the beach and the Gulf of Mexico. This is an income producing, 11 unit inn with ample room to expand to 15 units. This is a Turn key operation. This property includes 2 buildings and a pool! Property is currently open, operating, and is turn key for the next owner. Comes fully furnished. the possibilities are endless! You could also redevelop this property to single family residences or multifamily units on this large lot. Comparable Single family units averaging over $2 million per unit and rental projections of $200k+/year. Please do not bother the guests, Call for additional information and to setup a tour by appointment only.
This listing is maintained by Think Real Estate.
Property Details
| MLS# | 737440 |
| Status | Active |
| Property Type | Hotel/Motel |
| Bedrooms | 0 |
| Bathrooms | 0 full, 0 half |
| H/C Sqft | 0 |
| Year Built | 1984 |
| Stories | 2 |
| HOA | No HOA Fees |
Features
| Energy | Central Air, Multi Units, |
| Construction | Concrete, Stucco, |
Location
| Elementary School | Breakfast Point |
| Middle School | Breakfast Point |
| High School | Arnold |
| Zip Code | 32408 |
| Sub-area | 0323 - Beach - South of Grand Lagoon |
| Subdivision | Bel Air 1st Add |
Map
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