12830 Front Beach Rd - Hospitality FOR SALE


Panama City Beach, FL 32407
$4,900,000 USD
813-358-3599
12830 Front Beach Rd, Panama City Beach, FL for Sale
$4,900,000 USD
Hospitality - FOR SALE
1/1
null | Request Cap Rate

12830 Front Beach Rd
Panama City Beach, FL 32407


OVERVIEW

Matthews Real Estate Investment Service is pleased to offer a compelling opportunity to acquire The Banana Peel Lodge, formerly known as the Banana Peel Resort. The property features 222 feet of frontage on Front Beach Road and 185 feet on Laurel Street, located at 12830 Front Beach Road. The offering consists of three (3) separate buildings, including: - A two-story, 22,000 sq. ft. hotel - A 2,300 sq. ft. convenience store with a deli - A 600 sq. ft. wine bar - Three (3) storage rooms Renovations & Upgrades: - 2020: New electrical, plumbing, AC, vanities, mattresses, TVs, and furniture - 2022: New 20x40 ft pool - 2023: New TPO roof and copper metal roof - 2024: $91K, covering major roof upgrades, a complete laundry room renovation, a new security system, updated signage/branding, and a new reservation system and technology. For pricing guidance and additional information, please contact Matthews Real Estate Investment Services. Please do not contact hotel staff, management, or ownership directly. Broker of Record Kyle Matthews License No. CQ1066435 (FL) (866) 889-0550 Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$261 USD /SF

# OF ROOMS

41

PRICE/ROOM

$119,512 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Banana Peel Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,383 SF

ZONING

PCB22

APN/PARCEL ID

34169-000-000

ASK ABOUT THIS PROPERTY

David LovingMatthews Real Estate Investment ServicesMore Info
813-358-3599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David LovingMatthews Real Estate Investment ServicesMore Info
813-358-3599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.