604 Fernwood Street Panama City Beach, FL 32407

Building Details

Year Built

1960

Listing office d***@gmail.com Show Phone

Listing date Mar 3, 2026

Source Xome

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Investment Insights

Based on property information with market context.

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.

Key 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)

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FAQs

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)