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8042 Hwy 98 W

PORT ST. JOE, FL 32456
  • $3,499,000
  • STATUS: Active
  • ON SITE: 207 Days
  • MLS #: 307324
UPDATED: 26 min ago
$3,499,000
  • 0
    BEDS
  • 2.73
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,100
    SQFT
  • $574
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1966

School Ratings & Info

Description

15 completely remodeled units PLUS the adjacent vacant lot total a combined 2.7 acres right on HWY 98. Step across the beach right into the gulf waters! The development possibilities are endless! The Forgotten Coast Inn is a St. Joe Beach landmark. Annual gross income averages between $425,000-$450,000 annually. Hotel was completely renovated from the foundation to the studs and up! Everything is new. All rooms are newly furnished, and there is a 1300 square ft 1bd, 2ba, owners/managers living quarters with a full kitchen and large pantry, plus a nice back patio. Lobby has a managers office, full laundry room, soda vending machine/ice machine. As of list date it is the ONLY active hotel on HWY 98 in the area. Guaranteed money maker...hurry before it's gone!! All information is approximate and should be verified by buyers if important

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© 2021 Realtors Association of Franklin and Gulf Counties. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anchor Realty Florida. Data last updated: 2021-10-20T11:42:23.59.
www.stgeorgeislandanchor.com/homes/115508313
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8042 Hwy 98 W PORT ST. JOE, FL 32456

  • Price: $3,499,000
  • Status: Active
  • Updated: 26 min ago
  • MLS #: 307324
0
Beds
0
Baths
0
½ Baths
2.73
Acres
6,100
SQFT
$574
$/SQFT
1966
Built
Neighborhood:
No Named Subdivision
Area:
Mexico/St. Joe Beach
Property Description
15 completely remodeled units PLUS the adjacent vacant lot total a combined 2.7 acres right on HWY 98. Step across the beach right into the gulf waters! The development possibilities are endless! The Forgotten Coast Inn is a St. Joe Beach landmark. Annual gross income averages between $425,000-$450,000 annually. Hotel was completely renovated from the foundation to the studs and up! Everything is new. All rooms are newly furnished, and there is a 1300 square ft 1bd, 2ba, owners/managers living quarters with a full kitchen and large pantry, plus a nice back patio. Lobby has a managers office, full laundry room, soda vending machine/ice machine. As of list date it is the ONLY active hotel on HWY 98 in the area. Guaranteed money maker...hurry before it's gone!! All information is approximate and should be verified by buyers if important
Exterior Features

Construction BlockFrame Project Facilities Cable TvPets AllowedDumpsterLaundry Roof Shingle Water Access Beach CommunityGulf Access Water View Gulf

Interior Features

Cooling Central ElectricWindow/Wall Exclusions Owners Personal Belongings Floor LaminateTile Furnished Furnished Heating Hvac Inclusions All Furniture And Furnishings To include All Electronics. Sqft Heated Cooled 6100 Sqft Office 1300 Sqft Work Area 6100

Property Features

Agent Owned No Association Fee No Bus Property Restrooms: PublicLiving QuartersOffice AreaEstablished BusinessLaundry FacilitiesRestrooms: Private Business Project Name Forgotten Coast Inn Construction Status Construction Complete Energy Double Paned Window(S)Insulated Window(S)Storm Window(S) Equipment Security LightingSecurity System Financing Terms CashConventional Flood Insurance Required No Fractional Ownership No List Class Motel/Hotel Owner Pays ElectricityPest ControlGasSewerGrounds CareTaxesInsuranceTrash Collection Property Type Real Estate & Business Sale Subject To Lease No Sale Type Both Sewer Septic Tank Special Listing Conditions As Is Tenant Pays None Trade Considered No Utilities Electricity AvailableSewer AvailableElectricity ConnectedNatural Gas ConnectedWater ConnectedInternet Available Water Public Water Front YN No Water View YN Yes Zoning Type Mixed UseResidential Multi-FamilyResortCommercial

Listing information © 2021 Realtors Association of Franklin and Gulf Counties.
Listing provided courtesy of Reciprocal Office.


© 2021 Realtors Association of Franklin and Gulf Counties. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anchor Realty Florida. Data last updated: 2021-10-20T11:42:23.59.
 
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Anchor Realty Florida
P.O. Box 250
Apalachicola FL, 32329