$1,500,000
Panama City Beach, FL 32407
MLS# 722541
Status: Sold
10630 sqft
1 / 42
Property Description
Currently under contract. Taking back up offers . Fabulous opportunity to renovate a vintage, mom-and-pop Beach Motel on Front Beach Road directly across the street from the beach. This property has a potential of 14 rentals, just waiting on your creative touch. Nice large 50x230 lot. Terrific Beach access! The East End of Panama City Beach hosts fantastic restaurants, shopping, and fun. Amazing opportunity and all across the street from the beach!
Details
Maps
Contract Info
List Price/SqFt: 141.02
List Date: 2022-02-18
List Price: $1,499,000
Current Price: $1,500,000
Sub-Type: Hotel/Motel
Location
Sub Area: 0320 - Beach - Middle Central
Community/Resort: Long Beach
Waterfront: No
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From Richard Jackson Blvd and Front beach rd go East .3 miles on left ( next to gulf highlands and Majestic
Area: 03 - Bay County - Beach
Street #: 10996
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32407
County: Bay
Subdivision: Long Beach
Parcel ID: 34949-000-000
Legal Description: LONG BEACH 3RD ADD LOT 7 BLK 10 ORB 1462 P 906
General Property Info
List Class: Motel/Hotel
Site Dimensions: 50 x 230
Acreage: 0.26
Construction Status: Construction Complete
# of Units: 14
# of Stories in Building: 2
SqFt Tot Bldg: 10630
Year Built: 1955
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Currently under contract. Taking back up offers .
Fabulous opportunity to renovate a vintage, mom-and-pop Beach Motel on Front Beach Road directly across the street from the beach. This property has a potential of 14 rentals, just waiting on your creative touch. Nice large 50x230 lot. Terrific Beach access! The East End of Panama City Beach hosts fantastic restaurants, shopping, and fun. Amazing opportunity and all across the street from the beach!
Status Change Info
Sold Price/SqFt: 141.11
Sold Price/Acre: 5769230.77
Status: Sold
Under Contract Date: 2022-02-21
Sold Date: 2022-03-03
Sold Price: $1,500,000
Construction/Siding
Block: 1
Floor - Concrete: 1
Floor - Terazzo: 1
Energy
AC - Window/Wall: 1
Water Heater - Electric: 1
Financing
Cash: 1
Present Zoning
Commercial: 1
Utilities
TV Cable: 1
Electricity - Connected: 1
Public Sewer - Connected: 1
Waterview
Gulf: 1
Business/Property
Laundry Facilities: 1
Office Area: 1
Floors in Unit/Home
Two: 1
Heating/Cooling
AC - Window Unit(s): 1
Hotel/Motel
Year Built: 1955
Building SqFt: 9250
Income Producing
Year Built: 1955
Property Features
Energy: AC - Window/Wall; Water Heater - Electric
Financing: Cash
Present Zoning: Commercial
Utilities: Electricity - Connected; Public Sewer - Connected; TV Cable
Waterview: Gulf
Listing Office: Beachy Beach Real Estate
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.