Overstreet Realty
    850-763-4459
    427 W Oak Ave, Panama City, FL 32401

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    8010 W Highway 98 Port St. Joe, FL 32456

    Main photo of property

    No Named Subdivision
    MLS Number: 736346

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    • How Many Views 4 Views
    • Property Type Hotel-Motel
    • Square Foot of House 0 Sq Ft
    • Number of Beds 0 Beds
    • Number of Baths / 0 Baths
    • Share
    • $3,499,000


    ***PLEASE TAKE NOTE: SELLERS WILL ONLY ACCEPT CASH DEALS AND WILL CONSIDER OWNER FINANCING WITH LIMITED TERMS. FINANCING OFFERS WILL NOT BE CONSIDERED... ABSOLUTELY NO EXCEPTIONS*** 15 RENOVATED UNITS PLUS A 1BD 2BA WITH KITCHEN OWNERS APARTMENT. THE ADJACENT VACANT LOT GIVES A COMBINED 2.7 ACRES RIGHT ACROSS FROM THE BEACH. DEVELOPMENT POSSIBILITIES ARE ENDLESS!! ANNUAL GROSS INCOME IS $350,000-$360,000. MOTEL WAS COMPLETELY RENOVATED FROM STUDS TO RAFTERS AFTER HURRICANE MICHAEL. ALL ROOMS ARE NEWLY FURNISHED AND THERE IS A 1300 SQ. FT 1BD, 2BA OWNERS/MANAGERS LIVING QUARTERS WITH A FULL KITCHEN AND PANTRY, PLUS A NICE BACK PATIO. LOBBY HAS A MANAGERS OFFICE, FULL LAUNDRY ROOM, SODA AND VENDING/ICE MACHINE. ALL INFORMATION IS APPROXIMATE AND SHOULD BE VERIFIED BY BUYERS IF IMPORTANT

    Listing provided courtesy of RE/MAX Freedom

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    • Architecture

      • Year Built: 1959
      • Stories: 0
      • Project Facilities: Laundry Facilities
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      • HOA Includes:N/A
      • HOA FEE:N/A
      • HOA Payable:N/A
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Current Data as of Sun Feb 5 1:30:39 CST 2023