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8524 Surf Drive, Panama City, FL 32408
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Priced at Only: $3,400,000
For more Information Call:
(352) 279-4408
Address: 8524 Surf Drive, Panama City, FL 32408
Property Location and Similar Properties
- MLS#: 788821 ( CommercialSale )
- Street Address: 8524 Surf Drive
- Viewed: 4
- Price: $3,400,000
- Price sqft: $717
- Waterfront: No
- Year Built: 1962
- Bldg sqft: 4740
- Days On Market: 5
- Additional Information
- Geolocation: 30.1659 / -85.7881
- County: BAY
- City: Panama City
- Zipcode: 32408
- Subdivision: Bel Air 1st Add
- Elementary School: Breakfast Point
- Middle School: Breakfast Point
- High School: Arnold
- Provided by: Beachy Beach Real Estate
- DMCA Notice
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DescriptionExceptional Investment Opportunity in a Prime Beachfront Setting. Notably, it boasts the only beach view from the north side of Surf Drive an unmatched feature that sets it apart. Embrace the charm of Old Florida with this rare 6 unit motel situated on over half an acre in one of the most desirable locations along Surf Drive. Rich in character and coastal appeal, this income producing property offers a unique blend of nostalgia and modern potential. Currently operating as a turnkey business, this thriving Bed and Breakfast is fully furnished and well maintained, providing immediate income with strong demand driven by Panama City Beach's thriving tourism market. Guests enjoy convenient beach access just steps away, along with walkable proximity to dining, entertainment, and local attractions. The expansive lot and high intensity zoning present exceptional redevelopment opportunities. Whether you envision expanding the existing footprint, creating a boutique lodging experience, or developing single family or multi family residences, the possibilities are wide open. With its prime location, steady rental potential, and rare development flexibility, this property is an outstanding opportunity for investors seeking both current cash flow and long term upside in a highly sought after coastal market.
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Building and Construction
- Covered Spaces: 0.00
- Living Area: 0.00
- Other Structures: Outbuilding, Workshop
- Roof: Shingle
Land Information
- Lot Features: Cleared, Level
School Information
- High School: Arnold
- Middle School: Breakfast Point
- School Elementary: Breakfast Point
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Paved
Utilities
- Carport Spaces: 0.00
- Heating: Central, Electric
- Road Frontage Type: CityStreet
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Trash Expense: 0.00
Other Features
- Legal Description: BEL AIR 1ST ADD LOT 10 LESS S 70' AND LOTS 11 & 12 BLK A ORB 4574 P 21
- Levels: Two
- Area Major: 03 - Bay County - Beach
- Occupant Type: Occupied
- Parcel Number: 30446-010-000
- Possible Use: HotelMotel
- The Range: 0.00
- View: Gulf
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