311 Sundial St, Panama City Beach, FL 32413 listing details

About 311 Sundial St, Panama City Beach, FL 32413 Due to it's great location and inclusive zoning, this property has excellent income-producing potential. It is located approximately one-half block from the Gulf of Mexico. The zoning is the desirable City of Panama City Beach 'CH' zoning, "commercial high-intensity". It is bordered on the north by a full-time residence zoned 'R1A', single family residential. Woodstock Baptist Church owns the adjoining property on the east or back side. To the south is a seldom-occupied vacation home, zoned 'CH'. And directly across the street is weekly rental vacation property. The lot is approximately 65 X 150 feet. The home on the property is owner-occupied. Redevelopment opportunity for a duplex or townhome might be the best way to unleash this valuable property's possible income potential. This use would be allowed under the 'CH' zoning of the property. A quick check of prevailing weekly rental rates on similar properties in Panama City Beach should show the possibilities of such a plan. Of course, if you aren't interested in owning vacation rental property, this would, also, be a great place for your vacation and/or retirement home. As mentioned above, location is one of the keys to the value of this property. It's a very short walk from the property to the beach and there are 2 public beach accesses convenient to the street. By the way, the owner is motivated and willing to consider any reasonable offer. This is a "AS-IS" property.