8524 Surf Drive
Panama City Beach, FL 32408
$2,900,000
Active
Description
Exceptional Investment Opportunity in a Prime Beachfront Setting. Notably, it boasts the only beach view from the north side of Surf Drive--an unmatched feature that sets it apart. Embrace the charm of Old Florida with this rare 6-unit motel situated on over half an acre in one of the most desirable locations along Surf Drive. Rich in character and coastal appeal, this income-producing property offers a unique blend of nostalgia and modern potential. Currently operating as a turnkey business, this thriving Bed and Breakfast is fully furnished and well maintained, providing immediate income with strong demand driven by Panama City Beach's thriving tourism market. Guests enjoy convenient beach access just steps away, along with walkable proximity to dining, entertainment, and local attractions. The expansive lot and high-intensity zoning present exceptional redevelopment opportunities. Whether you envision expanding the existing footprint, creating a boutique lodging experience, or developing single-family or multi-family residences, the possibilities are wide open. With its prime location, steady rental potential, and rare development flexibility, this property is an outstanding opportunity for investors seeking both current cash flow and long-term upside in a highly sought-after coastal market.
Listing details MLS# 1010034
Location, Tax and Legal
- Area
- 27 - Bay County
- Sub area
- 2719 - Beach - East
- County
- Bay
- Parcel ID
- 30446-010-000
- Legal description
- BEL AIR 1ST ADDLOT 10 LESS S 70' AND LOTS11 & 12
General Property Info
- Property type
- Commercial for Sale
- Acreage
- 0.5
- Lot size (sq ft)
- 21780
- Lot dimensions
- 170x150
- New construction
- No
- Condition
- Existing
Remarks and Misc
- Directions
- From Thomas Drive, turn south on Bonita Street. Turn right onto Surf Drive. Property is on the right.
