836 Harrison Avenue Panama City

Welcome to the Star Motel! This well-established motel, with its concrete block walls, currently features 12 charming rooms, 2 rooms with King bedrooms, 7 rooms with 1 queen bed, 3 roms with 2 double beds, and has the potential to expand up to 14 rooms by modifying the two story manager's apartment. Additionally, the existing structure is could possibly support the addition of a second floor for expansion. The Star Motel holds a significant place in the community's history and is now ready to embark on its next chapter. Offering a renovated and boutique experience, it aims to bring back the nostalgia of the classic drive-in motels from the 1950s. This unique concept provides an opportunity to attract visitors looking for a memorable and authentic stay.Alternatively, if you prefer, there is also the option to tear down the current building and bring in a new business that aligns with your vision for the area. The possibilities are endless, allowing you to make your mark and contribute to the ongoing revitalization efforts.An exciting opportunity awaits as this property qualifies for a Hometown Revitalization Grant. The City of Panama City has allocated up to $250,000 for this grant, underscoring their commitment to supporting businesses like yours. This financial assistance can be utilized to aid in the renovation or certain construction efforts, making it even more enticing to invest in this property.In the past decade, Downtown Panama City has undergone significant improvements, transforming it into a vibrant and thriving area. Now is the perfect time to be a part of the ''New Panama City'' and take advantage of the positive momentum surrounding this district. Please note that it is essential for the buyer to verify all information that may be important to their decision-making process. We are here to answer any questions and provide any necessary assistance as you explore the potential of this exceptional property. Don't miss the chance to be a part of this exciting revitalization project and create a lasting impact in the community. For more information on the Hometown Revitalization Grant contact listing agent.

This listing is maintained by CENTURY 21 Commander Realty.