REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,872,000
Est. payment /mo
Active
163 Gulf Beach Dr St. George Island, FL 32328
4,140 SqFt
UPDATED:
07/29/2024 02:21 PM
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
HOA Y/N No
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
Listed by RECIPROCAL OFFICE
GET MORE INFORMATION
QUICK SEARCH