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$ 6,600,000
Est. payment | /mo
0.82 Acres Lot
$ 6,600,000
Est. payment | /mo
0.82 Acres Lot
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Subdivision [No Recorded Subdiv]
MLS Listing ID 749777
HOA Y/N No
Year Built 1974
Lot Size 0.820 Acres
Acres 0.82
Property Description
GREAT NEW PRICE, and possible short-term Owner Financing available with substantial down. Spectacular opportunity to own a large piece of waterfront property. Located in the heart of Panama City Beach, this 184' of prime GULF FRONT property offers lots of options for re-development. Zoned CH (Commercial High Intensity), it will allow for new construction up to 150' in height (must be verified). Due to hurricane damage, this property is being sold for land value only. Located next to Senor' Frog's Restaurant, and less than a mile from Pier Park and the soon to be built TOP GOLF, this motel was family run for many years, with the cottage only used as storage and maintenance. There is a concrete seawall in place allowing any new construction to use all of the existing site (as permitting would allow). Sale will include all furnishings and the name/goodwill, minus personal items and tools. All meas. to be verified.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Fireplace No
Exterior
Waterfront Description Gulf
View Y/N Yes
Water Access Desc Gulf
View Gulf
Building
Entry Level Three Or More
Level or Stories Three Or More
Schools
Elementary Schools Hutchison Beach
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 33818-000-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
Listed by AMERICAN REALTY of Bay Co, Inc
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