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618 Evergreen St & 6010 Thomas dr
Panama City Beach, FL 32407
Panama City Beach Hospitality Portfolio · Hospitality Property For Sale
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18 Rooms
Investment Highlights
- PROVEN OPERATIONS WITH GROWTH POTENTIAL: Both hotels (15-unit and 18-unit) have established operations with consistent income
- POTENTIAL FOR REMOTE MANAGEMENT & COST SAVINGS: Featuring contactless check-in technology, both properties can be managed remotely
- ADJACENT LOT WITH DEVELOPMENT POTENTIAL: One property includes an adjacent lot zoned for Commercial High Intensity
- OVER $600,000 IN RECENT CAPITAL IMPROVEMENTS: The properties have undergone extensive renovations with over $600,000 invested in capital improvements
- PREMIER LOCATION NEAR BEACHFRONT DESTINATIONS: Located near the popular beaches of Panama City and Panama City Beach
- LIMITED NEW SUPPLY IN HIGH-DEMAND MARKET: Only one 91-room hotel project under construction in Panama City Submarket
Property Facts
| Property Type | Hospitality | No. Rooms | 18 |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | B | Year Built/Renovated | 1963/2022 |
| Lot Size | 0.72 AC | Parking Ratio | 2.98/1,000 SF |
| Building Size | 6,706 SF | Corridor | Exterior |
| Zoning | PCB22 - hotel, condos, townhomes, restaurant, single family homes and more | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.72 AC |
| Building Size | 6,706 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 2.98/1,000 SF |
| Corridor | Exterior |
| Zoning | PCB22 - hotel, condos, townhomes, restaurant, single family homes and more |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 18 | $108.00 | - |
Property Taxes
| Parcel Number | 34139-000-000 | Improvements Assessment | $465,278 |
| Land Assessment | $928,129 | Total Assessment | $1,393,407 |
Property Taxes
Parcel Number
34139-000-000
Land Assessment
$928,129
Improvements Assessment
$465,278
Total Assessment
$1,393,407
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