16621 Front Beach Rd Panama City, FL 32413
- Hospitality properties
- 35,000 SF
Current Use by Public Records
- Hospitality properties
Property Details for 16621 Front Beach Rd
- Year built
- 1996
- Property size
- 35,000 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.8836
- Latitude
- 30.219
