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618 Evergreen ST Panama City Beach, FL 32407
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Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220065653
Year Built 1963
Annual Tax Amount $4,053
Tax Year 2019
Lot Size 0.750 Acres
Property Sub-Type Hotel/Motel
Property Description
Great development or investment property with ability to go vertical on .72 acres. (571 feet of total road frontage with two corners). The value is in the land and development options. Land is zoned CH which allows you to build hotel, condos, townhomes, restaurant, single family homes and more. Located 15 minutes from the NW FL. International Airport and Jimmy Buffet retirement community. There is an existing building, operated as a motel with 16 rooms, manager quarters, a shop, storage area, & metal building. In 2014: new roof, electrical, plumbing, tankless hot water heaters, sheetrock, foam insulation and more. Also includes a swimming pool, recently renovated in Oct, 2019.
Location
State FL
County Bay
Area Oa01 - Out Of Area
Exterior
Waterfront Description None
Building
Story 1
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Bought with FGC Non-MLS Office
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