Beachfront Inn Investment
For Sale
$4,000,000
8614 Surf Drive, Panama City, FL 32408
Income-producing 11-unit inn with expansion potential on over half-acre.
Property Size7,723 SF
Lot Size0.50 Acres
Price / SF$517.93
Days on Market605
Property Features for 8614 Surf Drive
General Information
Standard status
Active
Size
7,723 SF
Lot size
0.50 Acres
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
CENTURY 21 Ryan Realty Inc
Listed By:
Lolita G Millyard
(850) 233-7926
Source:
Cthomeseekers
Added: Jan 7, 2025
Changed: Sep 4
Last Checked: Sep 4 at 10:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Ryan Realty Inc
Investment Insights
Based on property information with market context.
This commercial property is zoned for high-intensity development and includes an income-producing, fully furnished, and impeccably maintained 11-unit inn. Located directly across from the beaches and the Gulf of Mexico, the property offers immediate cash flow and the potential for expansion to 15 units. The expansive lot allows for redevelopment, including single-family residences, multi-family units, or a mix of both. The beachfront location provides access to swimming, sunbathing, water sports, parks, and fresh water springs. The area hosts live music, festivals, and cultural events. Studio units in Panama City Beach have demonstrated high income potential and capitalization rates due to high tourist turnover and strong demand for short-term rentals. The property is located across from the beach in Panama City, Florida.
Key Highlights
- Prime beachfront location directly across from the Gulf of Mexico.
- Income‑producing 11‑unit inn with potential to expand to 15 units.
- Zoned for high‑intensity development, allowing for various redevelopment options (single‑family, multi‑family, or mixed‑use).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Income-producing 11-unit inn with expansion potential on over half-acre.
Where is this hotel located?
The property is located at 8614 Surf Drive Panama City, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Prime beachfront location directly across from the Gulf of Mexico.; Income‑producing 11‑unit inn with potential to expand to 15 units.; Zoned for high‑intensity development, allowing for various redevelopment options (single‑family, multi‑family, or mixed‑use).
