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8524 Surf Drive
  • MLS#: 788821 ( CommercialSale )
  • Street Address: 8524 Surf Drive
  • Viewed: 17
  • Price: $3,400,000
  • Price sqft: $717
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 4740
  • Days On Market: 18
  • 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
  • Description
    Exceptional 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.
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
Heating
  1. Central
  2. Electric
High School
  1. Arnold
Insurance Expense
  1. 0.00
Legal Description
  1. BEL AIR 1ST ADD LOT 10 LESS S 70' AND LOTS 11 & 12 BLK A ORB 4574 P 21
Levels
  1. Two
Living Area
  1. 0.00
Lot Features
  1. Cleared
  2. Level
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
Other Structures
  1. Outbuilding
  2. Workshop
Parcel Number
  1. 30446-010-000
Parking Features
  1. Paved
Pet Deposit
  1. 0.00
Possible Use
  1. HotelMotel
Property Type
  1. CommercialSale
Road Frontage Type
  1. CityStreet
Roof
  1. Shingle
School Elementary
  1. Breakfast Point
Security Deposit
  1. 0.00
The Range
  1. 0.00
Trash Expense
  1. 0.00
View
  1. Gulf
Views
  1. 17
Year Built
  1. 1962