Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    16621 Front Beach Rd Panama City, FL 32413

    For Sale
    $27,500,000

    Prime beachfront hotel, 35,000 sq ft.

    Property size:
    35,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 35,000 square foot hotel property, located at 16621 Front Beach Road in Panama City Beach, Florida, presents a remarkable investment opportunity. Built in 1996, this two-story structure sits on a substantial 98,445.6 square foot lot, offering unparalleled access to the Gulf of Mexico on its south side and a tranquil lake at the rear. The property's prime location provides direct access to Highway 79 and the popular Pier Park, ensuring high visibility and convenient access for guests. The existing structure presents a blank canvas for redevelopment, ideally suited for conversion into a luxury condominium complex or a revitalized hotel. The potential for expansion is further enhanced by the proximity of a parking garage across the street, suggesting the possibility of a pedestrian walkover for enhanced guest convenience. The asking price for this exceptional beachfront property is $27,500,000. This represents a significant opportunity to capitalize on the thriving tourism market in Panama City Beach and create a premier destination property. The property's size and location make it an ideal candidate for a substantial renovation or redevelopment project, promising significant returns on investment. This is a rare chance to acquire a substantial beachfront property with exceptional potential.

    Property Features for 16621 Front Beach Rd

    General Information

    Property type
    Hotels
    Square Feet
    35,000 SF

    Building Details

    Year Built
    1996
    Stories
    2

    HighLights

    • 35,000 square foot hotel on a 98,445.6 square foot lot in Panama City Beach, FL.
    • Built in 1996, two‑story structure.
    • Prime beachfront location with Gulf of Mexico access and lake views.
    • High visibility near Highway 79 and Pier Park.
    • Ideal for redevelopment into luxury condos or a renovated hotel.
    • $27,500,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Wholesale Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.8836409
    Latitude
    30.2189846

    Nearby Similar for Sale

    • $1,150,000
      Pending

      Unique Bayfront Property with Income

      Bayfront property featuring a main house and six rental units.
      6035 Bus, Panama City, FL 32404
      View Details
    • New
      $528,000
      0.40 Acres

      Dual-Home Family Retreat Opportunity

      Dual-home property near Beach Drive, ideal for living and investment.
      1016 W 12Th St, Panama City, FL 32401
      View Details
    • New
      $1,850,000
      0.25 Acres

      Waterfront Multi-Family Investment Opportunity

      Waterfront property with new construction and income potential in Panama City.
      401 Massalina Dr, Panama City, FL 32401
      View Details
    • $699,900
      2,204 SF

      Renovated Multi-Unit Rental Property

      Turnkey, fully furnished rental property with proven rental history.
      3820 Treasure Cir, Panama City, FL 32408
      View Details
    • $694,000
      2,269 SF

      Upgraded Duplex with Rental Potential

      Duplex with multiple possibilities: live, rent, or short-term rent.
      3707 Mystic St, Panama City, FL 32408
      View Details
    • New
      $694,000
      0.13 Acres

      Adorable Duplex with Multiple Possibilities

      Upgraded duplex with short-term rental potential near lagoon access.
      3707 Mystic St, Panama City, FL 32408
      View Details

    FAQs

    What type of property is this?
    Hotel - Prime beachfront hotel, 35,000 sq ft.
    Where is this hotel located?
    The property is located at 16621 Front Beach Rd Panama City, FL.
    What is the asking price?
    The asking price for this property is $27,500,000.
    What are key features of this property?
    This property features: 35,000 square foot hotel on a 98,445.6 square foot lot in Panama City Beach, FL.; Built in 1996, two-story structure.; Prime beachfront location with Gulf of Mexico access and lake views.
    Request Owner's contact information
    16621 Front Beach Rd Panama City, FL 32413
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16621 Front Beach Rd
    Panama City, FL 32413
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16621 Front Beach Rd Panama City, FL 32413
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.