8320 Surf DrPanama City Beach, FL 32408

Property Details for 8320 Surf Dr

Property size (Sq ft)

4,515 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional four-story mixed-use property at 8320 Surf Dr, Panama City Beach, FL 32408, presents a lucrative investment opportunity. Boasting 4,515 square feet of net rentable space, this newly constructed seven-bedroom, nine-bathroom home is ideally situated directly across from beach access in the heart of the tourist district. Currently operating as a highly successful vacation rental, it commands a compelling asking price of $2,695,000, translating to $596.90 per square foot. The property enjoys an impressive 80% occupancy rate, generating a substantial Net Operating Income (NOI) of $260,000 and a 9.65% capitalization rate. Summer bookings alone already exceed $100,000, and projected annual rental income is $275,000, indicating significant growth potential as the property establishes itself within the vacation rental market. The property sits on a 5,500 square foot lot and includes an additional 5,500 square feet of air rights, offering considerable future development possibilities. This turnkey investment is poised for continued success, offering a strong return on investment in a prime beachfront location.

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.1641

Longitude

-85.7855

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