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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

KEY DETAILS
  • Price:
  • $3,900,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • 6,100
  • Acreage:
  • 2.73
  • Year Built:
  • 1966
  • MLS #:
  • 307324
  • Street Address:
  • 8042 Hwy 98 W
  • City:
  • Port St. Joe
  • State:
  • FL
  • Postal Code:
  • 32456
  • Area:
  • Mexico/St. Joe Beach
  • Subarea
  • St. Joe Beach
  • Subdivision:
  • No Named Subdivision
  • Listing Status:
  • For Sale - Active

Building

  • Construction Description:
  • Block, Frame
  • Construction Status:
  • Construction Complete
  • Flooring:
  • Laminate, Tile
  • Furnished:
  • Furnished
  • Office Square Footage:
  • 1300
  • Total Building Square Footage:
  • 6100
  • Type Of Roof:
  • Shingle
  • Year Built:
  • 1966

Documents

  • Legal:
  • S 5 T 7 R 11 370 Ft Us 98 Front; 332 Depth Orb 660/937 Fr Bhakta Map 17 A And S 5 T 7 R 11 1.62 Ac M/L Being Jayesh M Bhakta Minor Replat Orb 549/3211 Orb 660/937 Fr Bhakta Map 17a

Land

  • Conforms To Zoning:
  • Mixed Use, Residential Multi-Family, Resort, Commercial

Listing

  • Days On Market:
  • 3
  • Excluded:
  • Owners Personal Belongings
  • Included In Sale:
  • All Furniture And Furnishings To Include All Electronics.

Location

  • Subdivision:
  • No Named Subdivision

Money

  • Owner Pays:
  • Electricity, Pest Control, Gas, Sewer, Grounds Care, Taxes, Insurance, Trash Collection

Systems

  • Cooling System:
  • Central Electric, Window/Wall
  • Energy Description:
  • Double Paned Window(s), Insulated Window(s), Storm Window(s)
  • Equipment:
  • Security Lighting, Security System
  • Existing Water:
  • Public
  • Heating:
  • Hvac
  • Sewage Type:
  • Septic Tank

Water

  • Water Access Type:
  • Beach Community, Gulf Access
  • Water View Description:
  • 1

Source

  • Listing Provided By Reciprocal Office
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