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8614 Surf DriveListing photo id 1 for 8614 Surf Drive Listing photo id 2 for 8614 Surf Drive Listing photo id 3 for 8614 Surf Drive Listing photo id 4 for 8614 Surf Drive Listing photo id 5 for 8614 Surf Drive Listing photo id 6 for 8614 Surf Drive Listing photo id 7 for 8614 Surf Drive Listing photo id 8 for 8614 Surf Drive Listing photo id 9 for 8614 Surf Drive Listing photo id 10 for 8614 Surf Drive Listing photo id 11 for 8614 Surf Drive Listing photo id 12 for 8614 Surf Drive Listing photo id 13 for 8614 Surf Drive Listing photo id 14 for 8614 Surf Drive Listing photo id 15 for 8614 Surf Drive Listing photo id 16 for 8614 Surf Drive Listing photo id 17 for 8614 Surf Drive Listing photo id 18 for 8614 Surf Drive Listing photo id 19 for 8614 Surf Drive Listing photo id 20 for 8614 Surf Drive Listing photo id 21 for 8614 Surf Drive Listing photo id 22 for 8614 Surf Drive Listing photo id 23 for 8614 Surf Drive Listing photo id 24 for 8614 Surf Drive Listing photo id 25 for 8614 Surf Drive Listing photo id 26 for 8614 Surf Drive Listing photo id 27 for 8614 Surf Drive Listing photo id 28 for 8614 Surf Drive Listing photo id 29 for 8614 Surf Drive Listing photo id 30 for 8614 Surf Drive Listing photo id 31 for 8614 Surf Drive Listing photo id 32 for 8614 Surf Drive Listing photo id 33 for 8614 Surf Drive Listing photo id 34 for 8614 Surf Drive Listing photo id 35 for 8614 Surf Drive Listing photo id 36 for 8614 Surf Drive Listing photo id 37 for 8614 Surf Drive Listing photo id 38 for 8614 Surf Drive Listing photo id 39 for 8614 Surf Drive Listing photo id 40 for 8614 Surf Drive Listing photo id 41 for 8614 Surf Drive Listing photo id 42 for 8614 Surf Drive Listing photo id 43 for 8614 Surf Drive Listing photo id 44 for 8614 Surf Drive Listing photo id 45 for 8614 Surf Drive Listing photo id 46 for 8614 Surf Drive Listing photo id 47 for 8614 Surf Drive Listing photo id 48 for 8614 Surf Drive Listing photo id 49 for 8614 Surf Drive Listing photo id 50 for 8614 Surf Drive Listing photo id 51 for 8614 Surf Drive Listing photo id 52 for 8614 Surf Drive Listing photo id 53 for 8614 Surf Drive Listing photo id 54 for 8614 Surf Drive
  • MLS#: 771996 ( CommercialSale )
  • Street Address: 8614 Surf Drive
  • Viewed: 9
  • Price: $4,000,000
  • Price sqft: $518
  • Waterfront: No
  • Year Built: 1984
  • Bldg sqft: 7723
  • Days On Market: 52
  • Additional Information
  • Geolocation: 30.1662 / -85.7886
  • 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: CENTURY 21 Ryan Realty Inc
  • DMCA Notice
  • 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.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
High School
  1. Arnold
Insurance Expense
  1. 0.00
Legal Description
  1. BEL AIR 1ST ADD LOTS 7
  2. 8 & 9 BLK A
Levels
  1. Two
Living Area
  1. 0.00
Middle School
  1. Breakfast Point
Area Major
  1. 03 - Bay County - Beach
Net Operating Income
  1. 0.00
Occupant Type
  1. Occupied
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 30444-000-000
Pet Deposit
  1. 0.00
Possible Use
  1. HotelMotel
Property Type
  1. CommercialSale
School Elementary
  1. Breakfast Point
Security Deposit
  1. 0.00
The Range
  1. 0.00
Trash Expense
  1. 0.00
Year Built
  1. 1984