Bought with STELLAR NON-MEMBER OFFICE
$1,100,000
$1,295,000
15.1%For more information regarding the value of a property, please contact us for a free consultation.
7,752 SqFt
SOLD DATE : 06/11/2021
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 7,752 sqft
Price per Sqft $141
MLS Listing ID C7434798
Sold Date 06/11/21
Construction Status Completed
HOA Y/N No
Year Built 1963
Annual Tax Amount $4,053
Lot Size 0.720 Acres
Acres 0.72
Lot Dimensions 3
Property Sub-Type Hotel/Motel
Source Stellar MLS
Property Description
Great development or investment property with ability to go vertical on .72 acres. (571 feet of total road frontages with two corners). Land is zoned CH which allows you to build hotel, condos, townhomes, restaurant, single family homes and more. Located 15 minutes from the NW FL. International Airport and Jimmy Buffet retirement community. There is an existing building, previously operated as a motel with 16 rooms, manager quarters,(all somewhat remodeled in 2015) a shop, storage area, & metal building. Also includes a swimming pool, recently renovated in Oct, 2019.
Location
State FL
County Bay
Area 32407 - Panama City Beach
Zoning T-3
Interior
Cooling Wall/Window Unit(s)
Exterior
Parking Features Parking Spaces - 19 to 30, Common
View Y/N 1
Building
Lot Description Corner Lot
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status Completed
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
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