Live the Gulf Life on Florida’s Emerald Coast

12830 Front Beach Road

Panama City Beach, FL 32407

MLS#: 797304

$6,700,000

Status: Active
Listing number: 797304
Listing provided by: Counts Real Estate Group Inc
Listing agent phone: None
Last update: 2 hours ago
New on site 1 day ago
Browse Properties
No Named Subdivision - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1960

Sq.Footage

23,500

- 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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Water

Area & Lot

  • Lot Size(acres)

    1.0

  • Lot Size(square feet)

    43,560

  • Property Type

    Commercial Sale

  • Property Sub Type

    HotelMotel

Price

  • Sales Price

    $6,700,000

  • Zoning

    City, General Commercial

  • Sq. Footage

    23,500

  • Price/SqFt

    $285

HOA

  • Association

    No

School District

  • Elementary School

    Hutchison Beach

  • Middle School

    Surfside

  • High School

    Arnold

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Location

County

Bay

Elementary School

Hutchison Beach

Middle School

Surfside

High School

Arnold

Listing Courtesy of Jason Oakes, Counts Real Estate Group Inc

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Melissa Brown

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(407) 747-1059

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- 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.

12830 Front Beach Road

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New on site today
An exceptional commercial investment and development opportunity is now available consisting of a hotel site and a separate, highly successful liquor store sold together as a package deal on Front Beach Road. Encompassing a total of 1.002 acres with an impressive 275 feet of prime frontage, the offering combines 12810 Front Beach Road (0.069 acres with 53 feet of frontage) and 12830 Front Beach Road (0.933 acres with 222 feet of frontage). The properties feature a combined 23,500 SF of improvements, including a 2,500 SF liquor store building completely remodeled in 2020 and a 21,000 SF building housing a 41-unit motel and commercial rentals. Zoned Commercial High Intensity with 5-foot setbacks and a generous 15-story height restriction, the site offers immense long-term upside. Financial performance is robust, with the liquor store generating $1,200,000 in revenue despite closing seasonally in December and January, and the motel generating approximately $500,000 in annual revenue (inclusive of an ice cream tenant paying $2,000 per month). The sale includes a valuable full liquor license--estimated at $600k to $700k in market value--which can be extended to the motel, alongside applicable FF&E for both businesses. Investors will benefit from extensive completed due diligence, including a Phase 1 environmental study with no asbestos found, a finalized boundary and topo survey, and readily available financial records, redevelopment plans, and demolition/reconstruction estimates ranging from $75k to $300k depending on scope. Backed by supportive local planning officials--with face-to-face meetings available with head planners--and structured with the seller owning the liquor store and holding the motel property under contract, this is a turnkey acquisition primed for redevelopment or continued cash flow.
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