Brand-New Limited-Service
For Sale
$11,000,000
5711 E Highway 98, Panama City, FL 32404
Limited-service hotel nearing completion with 90 rooms plus additional lobby and support areas in place.
Property Size32,400 SF
Price / SF$339.51
Days on Market111
Property Features for 5711 E Highway 98
General Information
Standard status
Active
Size
32,400 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Building Details
Year Built
2025
Listing Agency:
COUNTS REAL ESTATE GROUP INC
(850) 249-3615
Listed By:
J3/JIM H HODGES · License #0583553
Source:
Corcoran
Added: Apr 16
Changed: Jul 22
Last Checked: Aug 3 at 8:15AM
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 COUNTS REAL ESTATE GROUP INC
Investment Insights
Based on property information with market context.
This limited-service hotel has been rebuilt from the ground up, with brand-new improvements including the parking lot. The project is described as approximately 95% complete, with furnishings installed and televisions mounted. The property includes 90 rooms plus additional space for areas such as the lobby and electrical, as well as washer and dryer areas.
The hotel is located at 5711 E Highway 98 in Panama City, FL, and is described as being just down the street from the new Tyndall Air Force Base. The property was formerly known as The Labrisa Inn, and more photos and drone footage are expected.
The remaining work needed to reach full completion is not specifically detailed in the provided information.
The hotel is located at 5711 E Highway 98 in Panama City, FL, and is described as being just down the street from the new Tyndall Air Force Base. The property was formerly known as The Labrisa Inn, and more photos and drone footage are expected.
The remaining work needed to reach full completion is not specifically detailed in the provided information.
Key Highlights
- Limited‑service hotel re‑built from the ground up with year built 2025
- Development is about 95% complete, with the parking lot also newly rebuilt
- 90 guest rooms plus additional areas including the lobby and support spaces
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Limited-service hotel nearing completion with 90 rooms plus additional lobby and support areas in place.
Where is this hotel located?
The property is located at 5711 E Highway 98 Panama City, FL.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Limited‑service hotel re‑built from the ground up with year built 2025; Development is about 95% complete, with the parking lot also newly rebuilt; 90 guest rooms plus additional areas including the lobby and support spaces
