$650,000
Panama City Beach, FL 32407
MLS# 786967
2556 sqft
1 / 48
Property Description
Unlock the potential of this versatile Commercial High Intensity property - located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel / multi family, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to restore a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.
Details
Maps
Contract Info
List Price/SqFt: 254.3
List Date: 2026-03-18
List Price: $650,000
Current Price: $650,000
Sub-Type: Multi-Family
Location
Sub Area: 0320 - Beach - Middle Central
Community/Resort: None
Waterfront: No
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: From Panama City Beach Pkwy (Back Beach Rd / US-98), turn South onto Richard Jackson Blvd. Continue to Hutchinson Blvd (Middle Beach Rd) and turn right (West). Proceed to Lullwater Drive and turn left. Turn left onto Fernwood St. The property will be on your left.
Area: 03 - Bay County - Beach
Street #: 604
Street Name: Fernwood
Street Suffix: Street
State: FL
Zip Code: 32407
County: Bay
Subdivision: Hutchison's 1st To Bahama Bch
Parcel ID: 34201-000-000
Legal Description: HUTCHISON'S 1ST ADD LOTS 2 & 3 BLK 4 DAUGETTE ADDITION LOT 19 BLK B ORB 2090 P 521
General Property Info
List Class: Commercial
Acreage: 0.42
Construction Status: Construction Complete
# of Stories in Building: 1
SqFt Tot Bldg: 2556
Year Built: 1960
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Unlock the potential of this versatile Commercial High Intensity property - located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel / multi family, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use).
The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities.
Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road.
Whether you're looking to restore a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.
Construction/Siding
Block: 1
Foundation - Slab on Grade: 1
Energy
AC - Window/Wall: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
General Commercial: 1
Association Amenities
Pool: 1
Utilities
Public Sewer - Connected: 1
Water Connected: 1
Sale Type
As Is: 1
Business/Property
Furnished - None: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - Window Unit(s): 1
Site Description
Corner Location: 1
Transport. Access
City Road: 1
Paved: 1
Status Change Info
Status: Active
Property Features
Energy: AC - Window/Wall
Financing: Cash; Conventional
Present Zoning: General Commercial
Sale Type: As Is
Site Description: Corner Location
Utilities: Public Sewer - Connected; Water Connected
Listing Office: Think Real Estate
Last Updated: May - 04 - 2026
Information deemed reliable but not guaranteed.