Remarks

GREAT NEW PRICE! 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 new construction up to 150' in height (must be verified). Current use is a family motel of 38 units AND a 1216sf gulf front cottage. Both are currently closed due to hurricane damage around the motel pool area. Located next to Senor' Frog's Restaurant, and just 8/10 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.

Details

MLS#: 749777
Price: $6,600,000

Style: Hotel Motel
Year Built: 1974

County: Bay
Subdivision: [no Recorded Subdiv]

School Elementary: Hutchison Beach
School Middle: Surfside
School High: Arnold