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Active
8524 Surf DR Panama City Beach, FL 32408
21,780 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 21,780 sqft
Price per Sqft $133
MLS Listing ID 1010034
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 170x150
Source Emerald Coast Association of REALTORS®
Property 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.
Location
State FL
County Bay
Area 27 - Bay County
Direction From Thomas Drive, turn south on Bonita Street. Turn right onto Surf Drive. Property is on the right.
Exterior
Garage No
Building
Faces From Thomas Drive, turn south on Bonita Street. Turn right onto Surf Drive. Property is on the right.
New Construction No
Others
Pets Allowed No
Tax ID 30446-010-000
Listed by Karen K Smith Beachy Beach Real Estate
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