8614 Surf Drive Panama City, FL 32408
Income-producing 11-unit inn with expansion potential on over half-acre.
Type:Commercial
Property size:
7,723 SFLot size:
0.52 AcresPrice / SF:
$517/SF- Added:
- Apr 15, 2025
- Days on Market:
- 372
- Last Refresh:
- Apr 5 at 8:20 pm
Property Features for 8614 Surf Drive
General Information
- Standard status
- Active
- Size
- 7,723 SF
- Lot size
- 0.52 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing agent LOLITA G MILLYARD
Listing office CENTURY 21 RYAN REALTY INC (850) 233-7926
Listing date Apr 15, 2025
Source Corcoran
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 CENTURY 21 RYAN REALTY INC
Overview
Beachfront Inn Investment Opportunity
This commercial property is zoned for high-intensity development and includes an income-producing, fully furnished, and impeccably maintained 11-unit inn. Located directly across from the beaches and the Gulf of Mexico, the property offers immediate cash flow and the potential for expansion to 15 units. The expansive lot allows for redevelopment, including single-family residences, multi-family units, or a mix of both. The beachfront location provides access to swimming, sunbathing, water sports, parks, and fresh water springs. The area hosts live music, festivals, and cultural events. Studio units in Panama City Beach have demonstrated high income potential and capitalization rates due to high tourist turnover and strong demand for short-term rentals. The property is located across from the beach in Panama City, Florida.
Location Intelligence
Current Use by Public Records
Hotels
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.756
- Latitude
- 30.1593
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - Income-producing 11-unit inn with expansion potential on over half-acre.
Where is this hotel located?
The property is located at 8614 Surf Drive Panama City, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Prime beachfront location directly across from the Gulf of Mexico.; Income‑producing 11‑unit inn with potential to expand to 15 units.; Zoned for high‑intensity development, allowing for various redevelopment options (single‑family, multi‑family, or mixed‑use).
