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12830 Front Beach RD Panama City Beach, FL 32407
23,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 23,500 sqft
Price per Sqft $285
Subdivision No Named Subdivision
MLS Listing ID 797304
HOA Y/N No
Year Built 1960
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Hotel/Motel
Property Description
- 12810 Front Beach Rd: 0.069 acres with 53' frontage
- 12830 Front Beach Rd: 0.933 acres with 222' frontage
- Total: 1.002 acres with 275' frontage on Front Beach Road
Zoning:
- Commercial High Intensity (5' setbacks, 15-story height restriction)
Buildings:
- 12810 Front Beach Rd: 2,500 SF (completely remodeled in 2020)
- 12830 Front Beach Rd: 21,000 SF (motel and commercial rentals)
- Total: 23,500 SF
Revenue Information:
- 12810 Front Beach Rd (Liquor Store): $1,200,000 (closed Dec & Jan)
- 12830 Front Beach Rd (Motel - 41 units): ~$500,000 (includes ice cream tenant paying $2,000/month)
Additional Key Details:
- Liquor License: Includes a full liquor license (estimated market value of $600k-$700k) that can be extended to the motel. Includes FF&E for the liquor store and motel, as applicable.
- Financials & Plans: Strong financial records for the liquor store, redevelopment plans, pricing, and reconstruction/demolition estimates (~$75k-$300k, depending on scope) are available upon request.
- Diligence Completed: Phase 1 environmental study is complete with no asbestos found. Boundary and Topo Survey is also completed and available.
- City Support: Local planning officials are supportive of upgrading the project; face-to-face meetings with head planners can be arranged.
- Ownership Structure: Seller owns the liquor store and has the motel property under contract to purchase.
- 12830 Front Beach Rd: 0.933 acres with 222' frontage
- Total: 1.002 acres with 275' frontage on Front Beach Road
Zoning:
- Commercial High Intensity (5' setbacks, 15-story height restriction)
Buildings:
- 12810 Front Beach Rd: 2,500 SF (completely remodeled in 2020)
- 12830 Front Beach Rd: 21,000 SF (motel and commercial rentals)
- Total: 23,500 SF
Revenue Information:
- 12810 Front Beach Rd (Liquor Store): $1,200,000 (closed Dec & Jan)
- 12830 Front Beach Rd (Motel - 41 units): ~$500,000 (includes ice cream tenant paying $2,000/month)
Additional Key Details:
- Liquor License: Includes a full liquor license (estimated market value of $600k-$700k) that can be extended to the motel. Includes FF&E for the liquor store and motel, as applicable.
- Financials & Plans: Strong financial records for the liquor store, redevelopment plans, pricing, and reconstruction/demolition estimates (~$75k-$300k, depending on scope) are available upon request.
- Diligence Completed: Phase 1 environmental study is complete with no asbestos found. Boundary and Topo Survey is also completed and available.
- City Support: Local planning officials are supportive of upgrading the project; face-to-face meetings with head planners can be arranged.
- Ownership Structure: Seller owns the liquor store and has the motel property under contract to purchase.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Flooring Concrete
Fireplace No
Exterior
View Y/N Yes
View Gulf
Private Pool No
Schools
Elementary Schools Hutchison Beach
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 34169-000-000
Special Listing Condition Listed As-Is
Listed by Counts Real Estate Group Inc