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7-Bedroom Motel and Multi-Family

604 Fernwood Street, Panama City Beach, FL 32407

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For Sale

$650,000

Formerly a motel with 7 bedrooms and 6 bathrooms, offering flexible residential, short-term, or commercial conversion options.

Type:Multi-Family

Property size:

2,556 SF

Price / SF:

$254/SF

HighLights

Former motel/multi‑family property with 7 bedrooms and 6 bathrooms
Approximately 2,556 sq ft with flexible layout for multiple rental configurations
3 guest facilities (per interior features)
Paved driveway parking plus city road access
High‑intensity commercial property located just off Middle Beach Road in Panama City Beach

We can help!

Listing Contact

Think Real Estate

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For Sale

$650,000

Formerly a motel with 7 bedrooms and 6 bathrooms, offering flexible residential, short-term, or commercial conversion options.

Type:Multi-Family

Property size:

2,556 SF

Price / SF:

$254/SF

Added:: Mar 16, 2026
Days on Market:: 97
Last Refresh:: Jun 20 at 5:37 am

Property Features for 604 Fernwood Street

General Information

Standard status: Active
Size: 2,556 SF
Property subtype: Multi-Family

Building Details

Year Built: 1960

We can help!

Listing Contact

Think Real Estate

Listing agent Think Real Estate

Listing office

Listing date Mar 16, 2026

Source Xome

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 Think Real Estate

HighLights

Former motel/multi‑family property with 7 bedrooms and 6 bathrooms
Approximately 2,556 sq ft with flexible layout for multiple rental configurations
3 guest facilities (per interior features)
Paved driveway parking plus city road access
High‑intensity commercial property located just off Middle Beach Road in Panama City Beach

Overview

This high-intensity commercial property was formerly operated as a motel and multifamily asset, and it is set up to support multiple rental configurations. The layout includes 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, making it suitable for an owner-operator or an adaptive reuse strategy where bedroom and bathroom groupings can be reconfigured for different tenant types, subject to applicable approvals.

The property is located just off Middle Beach Road in Panama City Beach, with convenient proximity to both Front Beach Road and Back Beach Road. The area is described as centrally located for quick access to shopping, dining, attractions, and entertainment.

Buyers considering this property should be prepared to evaluate the best path forward based on their intended use. The existing improvements lend themselves to restoring a former hospitality asset or expanding a rental portfolio, including residential income or short-term rental concepts. Commercial conversion is also contemplated, but the buyer must verify zoning and intended use prior to pursuing that direction.

Location Intelligence

Current Use by Public Records

Motels

Suggested Use

Similar Places Nearby

Chateau Beachfront Hotel, A By The Sea Resort — 12525 Front Beach Rd, Panama City Beach, FL 32407
Panama City Beach — 12525 Front Beach Rd, Panama City Beach, FL 32407
SpringHill Suites Panama City Beach Beachfront — 12513 Front Beach Rd, Panama City Beach, FL 32407
The Bike RacK — 12000 Front Beach Rd, Panama City Beach, FL 32407
Beach Please 2! — 615 Lyndell Ln, Panama City Beach, FL 32407

Location Insight

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Local Demand

City: Panama City Beach
County: Bay
State: Florida
Longitude: -85.8400826
Latitude: 30.1984767

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For sale
Motels
FL
Panama City Beach
32407
604 Fernwood Street

What type of property is this?

Motel - Formerly a motel with 7 bedrooms and 6 bathrooms, offering flexible residential, short-term, or commercial conversion options.

Where is this motel located?

The property is located at 604 Fernwood Street Panama City Beach, FL.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Former motel/multi‑family property with 7 bedrooms and 6 bathrooms; Approximately 2,556 sq ft with flexible layout for multiple rental configurations; 3 guest facilities (per interior features)