12830 Front Beach Road, Panama City Beach, FL 32407
sale
$6,700,000
|
Other
Courtesy Of Counts Real Estate Group Inc
- 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.
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Property Features
- Age: Over 50 Years Old
- Exterior Type: Block
- Floor Covering: Concrete
- Legal Description: 27 3S 16W -122- 38A3 BEG 63.15' NW ALG N R/W FROM INTER E LI US LOT 3 & HWY 98 TH CONT NWLY 221.89' TO ELY R/W LAUREL ST NE 179.96' SELY 170.87' S 115.92' W 12.08' SELY 81.97' TO POB ORB 4804 P 982
- MLSID: 797304
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