Hotel with 90 Guest
For Sale
$10,450,000
5711 E Highway 98, Panama City, FL 32404
CommercialSale, Panama City, FL
Property Size32,400 SF
Lot Size1.88 Acres
Price / SF$322.53
Days on Market167
Property Features for 5711 E Highway 98
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
General Commercial
Subdivision
[No Recorded Subdiv]
Lot features
Cleared
Elementary school
Tyndall Academy
Middle school
Everitt
High school
Rutherford
Directions
3 miles West of Tyndall Air Force Base on your right off of Tyndall Pkwy / Hwy 98 E.
Standard status
Active
APN
25818-040-000
Size
32,400 SF
Lot size
1.88 Acres
Taxes and HOA fees
Tax Description
24 4S 14W -67.4- 119D4 BEG WLY COR LOT 7 BAY FRONT U-5 TH NELY 411.42' NWLY 199.89' SWLY 409.42' SELY 200.02' TO POB ORB 3686 P 1089
Legal Description
24 4S 14W -67.4- 119D4 BEG WLY COR LOT 7 BAY FRONT U-5 TH NELY 411.42' NWLY 199.89' SWLY 409.42' SELY 200.02' TO POB ORB 3686 P 1089
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Building Details
Year built
2025
Floors in Building
2
Flooring type
Concrete
Building materials
Block, Concrete, VinylSiding
Roof type
Shingle
Listing Agency:
Counts Real Estate Group Inc
(850) 249-3615
Listed By:
J3/Jim H Hodges · License #0583553
(850) 258-3670
Added: Apr 15
Changed: Sep 14
Last Checked: Sep 28 at 12:06AM
MLS# 788472
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.
Investment Insights
Based on property information with market context.
This 32,400-square-foot hotel occupies 1.88 acres and is being completed after a ground-up rebuild. The property includes 90 guest rooms, with furniture installed and televisions mounted throughout the rooms. Concrete flooring, block and concrete construction, shingle roofing, and window-unit cooling are specified. The property is listed as under construction and was built in 2025, with completion described as approximately 95%. A rebuilt parking lot is also part of the improvements.
Located at 5711 E Highway 98 in Panama City, the hotel is positioned near Tyndall Air Force Base. The site has public sewer service and is identified by the former name The Labrisa Inn.
Located at 5711 E Highway 98 in Panama City, the hotel is positioned near Tyndall Air Force Base. The site has public sewer service and is identified by the former name The Labrisa Inn.
Key Highlights
- 90 guest rooms within a 32,400‑square‑foot hotel
- Ground‑up rebuild described as approximately 95% complete
- 1.88‑acre site at 5711 E Highway 98, Panama City
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
144
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 - Nearly completed hospitality property with new furnishings, guestroom televisions, and a rebuilt parking area.
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 $10,450,000.
What are key features of this property?
This property features: 90 guest rooms within a 32,400‑square‑foot hotel; Ground‑up rebuild described as approximately 95% complete; 1.88‑acre site at 5711 E Highway 98, Panama City
