5711 E Highway 98, Panama City, FL 32404 (MLS# 788472)

5711 E Highway 98, Panama City, FL 32404

$11,000,000

Property Type: Commercial for Sale Square Footage: 32,400 Lot Size (sq. ft.): 81,893 Status: Active

Current Price: $11,000,000 List Date: 4/16/2026 Last Modified: 4/21/2026

Overview

Description

Property has been re-built from the ground up; so everything is brand new even the parking lot. This opportunity is about 95% complete. The asking price is about half of the true value. 90 rooms and another 6 or so comprising of the Lobby, Electrical, Washer and Dryer area etc. All of the furniture is in and the TV’s are hung. It was formerly known as The Labrisa Inn. It is located just down the street from the new Tyndall Air Force Base. More pics and drone footage coming soon…

Listing Details MLS# 788472

Contract Info

List Price/SqFt: 339.51
Sub-Type: Hotel/Motel

Location

Area: 02 – Bay County – Central
Street #: 5711
Street Direction: E
Street Name: Highway 98
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0202 – Bay – Central SE
Business Name: Quality Inn
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 25818-040-000
Elementary School: Tyndall
Middle School: Everitt
High School: Rutherford
Directions: 3 miles West of Tyndall Air Force Base on your right off of Tyndall Pkwy / Hwy 98 E.
Legal Description: 24 4S 14W -67.4- 119D4 BEG WLY COR LOT 7 BAY FRONT U-5 TH NELY 411.42' NWLY 199.89' SWLY 409.42' SELY 200.02' TO POB ORB 3686 P 1089

General Property Info

List Class: Motel/Hotel
Construction Status: Under Construction
# of Units: 90
SqFt Unit: 324
# of Stories in Building: 2
Site Dimensions: 410×200
Acreage: 1.88
Frontage Ft: 410
Lot Depth: 200
Lot SqFt: 82000
SqFt Tot Bldg: 32400
Year Built: 2025
Ceiling Height: 8

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Property has been re-built from the ground up; so everything is brand new even the parking lot. This opportunity is about 95% complete. The asking price is about half of the true value. 90 rooms and another 6 or so comprising of the Lobby, Electrical, Washer and Dryer area etc. All of the furniture is in and the TV's are hung. It was formerly known as The Labrisa Inn. It is located just down the street from the new Tyndall Air Force Base. More pics and drone footage coming soon…

More Information

Construction/Siding

Block: Yes
Concrete: Yes
Floor – Concrete: Yes
Floor – Vinyl: Yes
Roof – Shingle/Shake: Yes
Roof – Sloping: Yes

Energy

AC – Window/Wall: Yes
Heat – Wall/Window: Yes
Water Heater – Electric: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

General Commercial: Yes

Utilities

All Maintenance: Yes
All Utilities: Yes
TV Cable: Yes
Internet – Broadband Available: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Sale Type

As Is: Yes

Business/Property

Freestanding Building: Yes
Furnished – All: Yes
Handicapped Access: Yes
Laundry Facilities: Yes
Office Area: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Window Unit(s): Yes

Offering Type

Business Name: Yes
Good Will: Yes
Inventory: Yes
Sale Only: Yes

Pricing Type

Sale Price: Yes

Site Description

Cleared: Yes

Transport. Access

4-Lane: Yes
Access – Intracoastal: Yes
Divided Highway: Yes
Paved: Yes

Property Features

Energy: AC – Window/Wall; Heat – Wall/Window; Water Heater – Electric Financing: Cash; Conventional Offering Type: Business Name; Good Will; Inventory; Sale Only Pricing Type: Sale Price Present Zoning: General Commercial Sale Type: As Is Site Description: Cleared Utilities: All Maintenance; All Utilities; Internet – Broadband Available; Public Sewer – Connected; Water Connected; TV Cable

Listing Office: Counts Real Estate Group Inc

Last Updated: April – 21 – 2026

Information deemed reliable but not guaranteed.