905 E 23rd Pl - Hospitality FOR SALE


Panama City, FL 32405
$10,000,000 USD
786-310-3713
905 E 23rd Pl, Panama City, FL for Sale
$10,000,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

905 E 23rd Pl
Panama City, FL 32405


HIGHLIGHTS

  • For due diligence files, please visit our website: www.breaFL1pack.com. Click "View Agreement" along the top right corner of the website to sign the C
  • Prime location near major highways, retail, and business hubs in Panama City
  • Close to beaches, attractions, and Northwest Florida Beaches International Airport
  • Strong brand affiliation providing national reservation system and loyalty program benefits
  • Well-maintained property with modern amenities and meeting facilities
  • Positioned in a growing market with year-round tourism and business travel demand

OVERVIEW

An exceptional hospitality investment opportunity is now available with the sale of an 84-room Courtyard by Marriott located at 905 E 23rd Place in Panama City, Florida. This well-maintained property spans approximately 46,943 square feet and is positioned in a high-traffic commercial corridor, offering strong visibility and accessibility. The hotel benefits from its strategic location near major highways, retail centers, and business districts, making it a preferred choice for both business and leisure travelers. Guests enjoy proximity to Panama City’s beaches, local attractions, and the Northwest Florida Beaches International Airport, ensuring consistent demand throughout the year. The property features a modern design with spacious guest rooms, a welcoming lobby, meeting spaces, and a range of amenities that align with Marriott’s brand standards. With its established flag, strong brand recognition, and operational infrastructure, this asset offers investors a stable income stream and long-term value appreciation potential.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$213 USD /SF

# OF ROOMS

84

PRICE/ROOM

$119,048 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard Panama City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2006

PARKING SPACES

91

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

PC09

APN/PARCEL ID

12963-000-000,12969-060-000

ASK ABOUT THIS PROPERTY

Jennifer JinBerkadiaMore Info
786-310-3713

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Jennifer JinBerkadiaMore Info
786-310-3713

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