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8614 Surf Drive

#771996

CommercialSale

Built in 1984

$4,000,000

Details

Exceptional Investment Opportunity in Prime Beachfront LocationThis commercial property, strategically zoned for high-intensity development, presents a rare chance to own a substantial parcel of land exceeding half an acre, situated directly across from the stunning beaches and the Gulf of Mexico. The income-producing 11-unit inn, fully furnished and impeccably maintained, offers a unique opportunity for immediate cash flow and potential for expansion to 15 units, capitalizing on the area's high demand for accommodations.The property's expansive lot provides a canvas for redevelopment, allowing investors to explore various scenarios, including single-family residences, multi-family units, or a mix of both, thereby maximizing the potential for returns on investment. With its prime location and versatile zoning, this property is an investor's dream, offering endless possibilities for creative development and revenue generation.The property's beachfront location offers unparalleled access to a wide range of activities and amenities, all within walking distance. Enjoy swimming, sunbathing, and water sports on the pristine beaches, or explore the nearby parks and fresh water springs. The area is also known for its vibrant events calendar, featuring live music, festivals, and cultural events that attract tourists and locals alike.Studio units in Panama City Beach have consistently demonstrated exceptional performance, boasting some of the highest income potential and capitalization rates in the market. With its high tourist turnover and strong demand for short-term rentals, this property is poised to deliver significant returns on investment, making it an attractive opportunity for savvy investors seeking to capitalize on the area's growing popularity.This exceptional investment opportunity is not to be missed. Contact your preferred real estate agent today to schedule a tour and explore the vast potential of this remarkable property. We kindly request that guests not be disturbed. With its unparalleled location, income-generating potential, and endless possibilities for development, this property is sure to be a crown jewel in any investor's portfolio. Buyer to verify all information deemed important.
GENERAL
Real Estate Type CommercialSale
Full Bathrooms 0
Half Bathrooms 0
One Quarter Bathrooms 0
Three Quarter Bathrooms 0
Lot Size 1
Real Estate Sub Type HotelMotel
Square Feet 7,723
Stories 0
Year Built 1,984
Lot Size Area 0
Agent Key 22,330,900
Agent MLS Id B11950
Office Key 905,947
Source System Id TRESTLE
Office Phone (850) 233-7926
Agent Url http://www.century21ryanrealty.com
Elevation 0
Parcel Number 30444-000-000
Number Of Units Total 11
Tax Legal Description BEL AIR 1ST ADD LOTS 7
8 & 9 BLK A
Internet Address Display True
Internet Automated Valuation Display True
Agent Name Lolita G Millyard
Agent Email [email protected]
Agent Cell (850) 640-8421
Agent Office (850) 233-7926
Broker Id BCRR
Office Name CENTURY 21 Ryan Realty Inc
Listing Contract Date 4/15/2025
Status Active
LOCATION
Subdivision Bel Air 1st Add
Directions From Thomas Drive Headed West take a left on Bonita Street. And take the right on Surf Drive.Building will be across from the Gulf.
County Bay
Waterfront False
BUILDING
Fireplace False
Parking Total 0
Private Pool False
Spa False
SCHOOLS
Elementary School Breakfast Point
Middle School Breakfast Point
High School Arnold

Questions