8614 Surf Drive, Panama City, FL 32408

$4,000,000
Property Type: Commercial for Sale Square Footage: 7,723 Lot Size (sq. ft.): 22,651 Status: Active
Current Price: $4,000,000 List Date: 4/15/2025 Last Modified: 11/19/2025

Description

Exceptional Investment Opportunity in Prime Beachfront Location This 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.

More Information MLS# 771996

Contract Info

List Price/SqFt: 517.93 List Date: 2025-04-15 List Price: $4,000,000 Current Price: $4,000,000 Sub-Type: Hotel/Motel

Location

Sub Area: 0323 – Beach – South of Grand Lagoon Community/Resort: None Waterfront: No Elementary School: Breakfast Point Middle School: Breakfast Point High School: Arnold 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. Area: 03 – Bay County – Beach Street #: 8614 Street Name: Surf Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Subdivision: Bel Air 1st Add Parcel ID: 30444-000-000 Legal Description: BEL AIR 1ST ADD LOTS 7, 8 & 9 BLK A

General Property Info

List Class: Motel/Hotel Acreage: 0.52 Construction Status: Construction Complete # of Units: 11 SqFt Tot Bldg: 7723 Year Built: 1984

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Exceptional Investment Opportunity in Prime Beachfront Location This 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.

Floors in Unit/Home

Two: 1

Status Change Info

Status: Active
Listing Office: CENTURY 21 Ryan Realty Inc
Last Updated: November – 19 – 2025
Information deemed reliable but not guaranteed.