8042 Hwy 98 W, Port St. Joe, FL 32456

$3,499,000
List Price
$3,499,000
Status
ACTIVE
MLS#
307324
Price Change
▼ $401,000 1623460793
Acres
2.73
Region
Mexico/St. Joe Beach
Subdivision
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

Additional Information

Year Built
1966
Lot Dimensions
370X322

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of RECIPROCAL OFFICE.