11004 FRONT BEACH, Panama City Beach, FL 32407 (MLS# 646322)

List Price/SqFt: 71.87

List Date: 2016-05-16

List Price: $4,000,000

Current Price: $4,000,000

Sub-Type: Hotel/Motel

Sub Area: 0320 - Beach - Middle Central

Community/Resort: Long Beach

Business Name: Ocean Breeze Hotel

Elementary School: Hutchison Beach

Middle School: Surfside

High School: Arnold

Section: 36

Directions: Richard Jackson Blvd to front beach rd, hotel is on the left across Bikini Hotel.

Township: 3S

Range: 16W

Area: 03 - Bay County - Beach

Street #: 11004

Street Name: FRONT BEACH

State: FL

Zip Code: 32407

County: Bay

Subdivision: Long Beach

Parcel ID: 34952-000-000

Legal Description: LONG BEACH 3RD ADD LOTS 13 & 14 BLK 10 ORB 3693 P 190 . SUB TO TELECOMMUNICATION LEASE AND ESMT IN ORB 3726 P 1949

List Class: Commercial

Site Dimensions: 153x265

Immediate Occupancy: Yes

Construction Status: Construction Complete

# of Units: 96

Frontage Ft: 153

SqFt Tot Bldg: 55656

Lot Depth: 265

Year Built: 1985

HOA Fee: No

Remarks: Great Income producing property with a great location.

Sold Price/SqFt: 71.87

Status: Sold

Under Contract Date: 2016-05-16

Sold Date: 2016-05-16

Sold Price: $4,000,000

Foundation - Off Grade: 1

Roof - Shingle/Shake: 1

AC - Central Elect: 1

Heat - Central Electric: 1

Cash: 1

Commercial: 1

All Utilities: 1

Electricity - Connected: 1

Pest Control: 1

Phone - Connected: 1

Public Sewer - Connected: 1

Water Connected: 1

Gulf: 1

As Is: 1

Year Built: 1985

Building SqFt: 51160

Furnished - All: 1

Three Or More: 1

AC - Central: 1

Heat - Central Electric: 1

Year Built: 1985

Building SqFt: 51160

# of Rooms: 96

2-Lane: 1