REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,700,000
Est. payment | /mo
42,253 SqFt
$ 6,700,000
Est. payment | /mo
42,253 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 42,253 sqft
Price per Sqft $158
MLS Listing ID 1014780
Lot Size 0.970 Acres
Acres 0.97
Lot Dimensions 275x200
Source Emerald Coast Association of REALTORS®
Property Description
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.
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.
Location
State FL
County Bay
Area 27 - Bay County
Zoning CH
Direction West of Clara Ave on Front Beach Rd
Exterior
Garage No
Building
Faces West of Clara Ave on Front Beach Rd
Others
Pets Allowed No
Tax ID 34169-000-000
Listed by Cory E Herrman Counts Real Estate Group Inc
Nearby Locations
GET MORE INFORMATION