163 Gulf Beach Dr Active Save Request In-Person Tour Request Virtual Tour
St. George Island,FL 32328
Key Details
Property Type Condo, Commercial
Sub Type Apartment,Bar/Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 4,140 sqft
Price per Sqft $452
Subdivision St George Bay
MLS Listing ID 316872
Year Built 2001
Property Description
Want to have a money making investment and a residence on a beautiful island? The SUBWAY has been here since 2005 and wants to stay indefinitely. Income is very stable. The SUBWAY has approx. 2070 square feet. The second floor is a residence of equal size. Zoning allows for both business and residence. Residence has two large living areas, including a beautiful GREAT room, three large bedrooms and two full bathrooms. This appears to be one of the largest condos on the island. The SUBWAY rent is $4000/month. A SUBWAY national lease will be used. The building has been grandfathered for flood insurance, so the price is only $2600. The Subway building had a new HVAC installed approx. 2021. Regular maintenance has been done on the building and the septic system. A new roof was installed and permitted in 2023 by Lloyd's Roofing of Tallahassee. Price represents the Zillow Estimates for value of the first floor ($1,004,000) and the second floor ($868,000).
Location
State FL
County St. George Island
Area St. George Island
Zoning Mixed Use
Interior
Flooring Tile
Exterior
Utilities Available Electricity Connected,Water Connected
View Y/N No
Roof Type Asphalt,Shingle
Building
Sewer See Remarks
Water Public