Mixed-Use Property with
New
For Sale
$6,700,000
12830 Front Beach Road, Panama City Beach, FL 32407
CommercialSale, Panama City Beach, FL
Property Size23,500 SF
Lot Size1.00 Acre
Price / SF$285.11
Days on Market1
Property Features for 12830 Front Beach Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
City, General Commercial
Subdivision
No Named Subdivision
Elementary school
Hutchison Beach
Middle school
Surfside
High school
Arnold
Directions
West of Clara Ave on Front Beach Rd
Standard status
Active
APN
34169-000-000
Size
23,500 SF
Lot size
1.00 Acre
Tenancy & Operations
Tenant in Place
Yes
Business Included
Yes
Taxes and HOA fees
Tax Description
27 3S 16W -122- 38A3 BEG 63.15' NW ALG N R/W FROM INTER E LI US LOT 3 & HWY 98 TH CONT NWLY 221.89' TO ELY R/W LAUREL ST NE 179.96' SELY 170.87' S 115.92' W 12.08' SELY 81.97' TO POB ORB 4804 P 982
Legal Description
27 3S 16W -122- 38A3 BEG 63.15' NW ALG N R/W FROM INTER E LI US LOT 3 & HWY 98 TH CONT NWLY 221.89' TO ELY R/W LAUREL ST NE 179.96' SELY 170.87' S 115.92' W 12.08' SELY 81.97' TO POB ORB 4804 P 982
Building Details
Year built
1960
Flooring type
Concrete
Building materials
Block
Buildings
2
Listing Agency:
Counts Real Estate Group Inc
(850) 231-1483
Listed By:
Jason Oakes · License #0605868
(850) 819-4148
Added: Nov 3
Last Checked: Nov 3 at 9:06PM
MLS# 797304
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property combines a 41-unit motel with commercial rental space and a liquor store. The buildings total 23,500 square feet; the 2,500-square-foot liquor store was remodeled in 2020, while the motel and other commercial rentals occupy a 21,000-square-foot building. Concrete flooring and block construction are reported, and the motel dates to 1960.
The property comprises 1.002 acres with 275 feet of frontage on Front Beach Road in Panama City Beach. Commercial High Intensity zoning specifies 5-foot setbacks and a 15-story height restriction. A full liquor license and FF&E for the liquor store and motel are included.
The property comprises 1.002 acres with 275 feet of frontage on Front Beach Road in Panama City Beach. Commercial High Intensity zoning specifies 5-foot setbacks and a 15-story height restriction. A full liquor license and FF&E for the liquor store and motel are included.
Key Highlights
- 41‑unit motel with commercial rental space
- Combined building area of 23,500 square feet across 1.002 acres
- 275 feet of frontage on Front Beach Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$237,938
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,758,760
$4.8M
Cap Rate 7%
$3,399,114
$3.4M
Cap Rate 9%
$2,643,756
$2.6M
Market Conditions
NOI Build-Up for 23,500 SF
Gross rent
$423.0K $18.00/SF
− Vacancy
−$42.3K −$1.80/SF
EGI
$380.7K $16.20/SF
− OpEx
−$142.8K −$6.07/SF
NOI
$237.9K $10.13/SF
Area
Bay County, FL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,758,760
Cap Rate 7%
$3,399,114
Cap Rate 9%
$2,643,756
Alternative Uses
Best Use
Mixed Use
$3.40M
$2.97M – $3.97M
NOI $237,938 @ 7.0% cap · market cap 3.55%
Second Best
Hotel Hospitality
$2.10M
$1.84M – $2.46M
NOI $147,345 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$6.85M
$5.99M – $7.99M
NOI $479,296 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
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Business Placement
Demographics for 32407, FL
14,366
Population
12,163
Households
1.2
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
964
Density / Sq Mi
$79,052
Median Household Income
$44,027
Median Earnings
$1,792
Median Rent
$403,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial High Intensity zoning and a full liquor license accompany the motel and retail components.
Where is this mixed-use property located?
The property is located at 12830 Front Beach Road Panama City Beach, FL.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: 41‑unit motel with commercial rental space; Combined building area of 23,500 square feet across 1.002 acres; 275 feet of frontage on Front Beach Road
