54
See all 54 photos
$4,000,000
Est. payment /mo
0.52 Acres Lot
Active
8614 Surf DR Panama City, FL 32408
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Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Subdivision Bel Air 1St Add
MLS Listing ID 771996
HOA Y/N No
Year Built 1984
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Hotel/Motel
Property Description
Exceptional Investment Opportunity in Prime Beachfront LocationThis commercial property, strategically zoned for high-intensity development, presents a rare chance to own a substantial parcel of land exceeding half an acre, situated directly across from the stunning beaches and the Gulf of Mexico. The income-producing 11-unit inn, fully furnished and impeccably maintained, offers a unique opportunity for immediate cash flow and potential for expansion to 15 units, capitalizing on the area's high demand for accommodations.The property's expansive lot provides a canvas for redevelopment, allowing investors to explore various scenarios, including single-family residences, multi-family units, or a mix of both, thereby maximizing the potential for returns on investment. With its prime location and versatile zoning, this property is an investor's dream, offering endless possibilities for creative development and revenue generation.The property's beachfront location offers unparalleled access to a wide range of activities and amenities, all within walking distance. Enjoy swimming, sunbathing, and water sports on the pristine beaches, or explore the nearby parks and fresh water springs. The area is also known for its vibrant events calendar, featuring live music, festivals, and cultural events that attract tourists and locals alike.Studio units in Panama City Beach have consistently demonstrated exceptional performance, boasting some of the highest income potential and capitalization rates in the market. With its high tourist turnover and strong demand for short-term rentals, this property is poised to deliver significant returns on investment, making it an attractive opportunity for savvy investors seeking to capitalize on the area's growing popularity.This exceptional investment opportunity is not to be missed. Contact your preferred real estate agent today to schedule a tour and explore the vast potential of this remarkable property. We kindly request that guests not be disturbed. With its unparalleled location, income-generating potential, and endless possibilities for development, this property is sure to be a crown jewel in any investor's portfolio. Buyer to verify all information deemed important.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Fireplace No
Building
Entry Level Two
Level or Stories Two
Schools
Elementary Schools Breakfast Point
Middle Schools Breakfast Point
High Schools Arnold
Others
Tax ID 30444-000-000
Listed by CENTURY 21 Ryan Realty Inc