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    FOR SALE
    Motels

    604 Fernwood St Panama City Beach, FL 32407

    2,556 SF Built 1960
    Property ID
    US18-2654079
    604 Fernwood St, Panama City Beach, FL 32407 For Sale 1 / 48
    $650,000 2,556 SF
    604 Fernwood St, Panama City Beach, FL 32407
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    Property summary
    AI-generated overview

    Unlock the potential of this versatile Commercial High Intensity property - located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel / multi family, this property offers flexible use options for multi-family residential, short-term rental, workforce housing, ... or commercial conversion (buyer to verify zoning and intended use). The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value-add possibilities. Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road. Whether you're looking to restore a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.

    Property profile
    Verified
    Property type Motels
    Year built 1960
    Total area 2,556 SF
    UPID US18-2654079
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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    604 Fernwood St, Panama City Beach, FL, 32407
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